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Posts tagged "Chapter 7"

E. coli outbreak leads to bankruptcy for 2 businesses

If you love to eat, then you know that with food there is always a risk of getting sick. In 2016, there was an outbreak of E. coli, a dangerous bacterium that can lead to hospitalization and death. Of the people infected throughout the United States, including one person in New Jersey, 12 ended up in the hospital. Nine developed hemolytic uremic syndrome, which is a type of kidney failure linked to E. coli infection.

A Chapter 7 bankruptcy could help you balance your finances

Chapter 7 bankruptcy is among the most common types of bankruptcy and is probably what you think of if you imagine going through one. By liquidating your assets, you can use a Chapter 7 bankruptcy to discharge your debts completely without making payments on them. Many of your assets may be sold to pay back creditors in this kind of bankruptcy.

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