Too often creditors are faced with accounts that are seemingly uncollectable. If the debtor had money on hand to pay, ...

The U.S. bankruptcy system is generally an efficient mechanism for companies and individuals seeking to restructure their debts and obtain a ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Chip Stapleton is a Series 7 and Series 66 license holder, CFA ...

Loans that are secured by a specific asset, such as a building or a piece of expensive machinery, are examples of secured debt. Whatever assets and cash remain after all the secured creditors have ...