Bankruptcy filings are on the rise again, and 2026 is already shaping up to eclipse 2025. It’s not a surprise; we’ve been living in a long cycle of easy credit for years, and now the tide is receding.

As a bankruptcy lawyer, Mike Boyle deals with thorny situations where there's seldom enough money to make everyone whole.

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. A certain amount of legal and financial complexity has always been present in bankruptcy ...