Inside these posts: Chapter 7

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Personal bankruptcy filings fall 6% in first quarter

The number of Americans filing for bankruptcy dropped 6 percent in the first quarter of 2011 compared to the previous year, two industry groups said Monday. Get the full story »

American Apparel says it’s facing Chapter 11 — or 7

Los Angeles-based retailer American Apparel Inc.  warned that it could seek Chapter 11 bankruptcy protection, or even be forced to liquidate under Chapter 7, as its financial woes  deepen. Get the full story »