Sen. Elizabeth Warren plans to propose legislation Wednesday to drastically overhaul the federal bankruptcy system and make the process less costly and complicated for the more than 480,000 ...

Filing for bankruptcy can cause your credit score to drop dramatically, but you won't need to suffer from bad credit forever. Depending on the type of bankruptcy, the filing will generally ...

The change would be a welcome one, according to advocates, who say the current bankruptcy rules can steer people in the wrong direction. It costs about $1,500 to file Chapter 7, and most attorneys ...