The Pros and Cons of Declaring Bankruptcy
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- เผยแพร่เมื่อ 15 ม.ค. 2025
- Filing for bankruptcy may not be the nail in your financial coffin that you think it is. On this episode of Good Money, we find out how personal bankruptcy really works.
#GoodMoney #PersonalFinance #BloombergQuicktake
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the background music really should have been quieter
Not really "background" at this point
“I declare Bankruptcy” Michael Scott
Maybe next time make it clearer what exactly happens when having to file for bankruptcy.. do you still have to pay back everything witch chap 13 too or how does it work?
Wow, he is a really smart and knowledgable lawyer, but still made it completely understandable for someone unfamiliar to this like me. Kudos to him!
Nice topic, but really annoying background music. Remove it next time or make it way less loud.
Graphics, editing, host, story all top notch you got this shit down bloomberg
Except that the background music was louder than the words of the guests.
That music is so annoying
Me: "triangle scheme"
Background music is drowning out the second interviewee despite its simplicity.
Bloomberb is the best.!
Michael Scott : I DECLARE BANKRUPTCY!!
Thank You.
As a guy with 6 figure student loan debt, bankruptcy sounds fucking GREAT.
I would LITERALLY pay in blood if I could. So glad I went to college. My entire financial life is fucked forever. Horray. Enjoy your tax returns for me, k?
Didnt your education get you a high paying job?
I know nobody will see this but if you do I wish you nothing but the best!! STAY SAFE AMERICA!!
Lol, Jack Pitcher makes it sounds like the sharks are waiting for the events of bankruptcy.
The sharks smell blood and are circling.
"can I do that"
Everyone in serious debt: Hold my assets
Music annoying af
Cool Videos , very engaging.Making financial info simple
There is Tow Bad Things You Can Do in your whole life The Worst, The Debt and The Complaint !!
Careful, getting a security clearance, a place to rent, a vehicle to get to and from work can be tricky to deal with.
lol are you assuming these people have forethought?
alot of bankruptcy is medical related
Yeah US has the highest medical costs in the world
@@johnl.7754 and the best medical research in the world, thanks to the high costs. Your welcome.
@@pluto8404 Agreed that US has the best research but still that doesn’t mean that Americans should pay more for same drug as people from Canada, Europe, Japan....I can accept very poor countries paying less but not developed countries. Main difference is that governments in other countries care how much their citizens pay while ours don’t.
“Payments “ it’s been one
Interesting
8 years of collage, several operations, years of physio. Ive never had any debt, not even a credit card payment. Im not trying to be a dick but Americans need to wake up to the fact that the way they live is not normal, no one in a first world country should be working a second job, stressed about debt and losing healthcare.
I have a friend that is doing it and thinks it’s just a forgive all.
That song sounds like that one german song i forgot the name it goes “da da da”
I already did it
Kinda weird that lawyer1 talks about debt-to-income ratio rather than debt-to-ASSET ratio. I guess he is just talking about the cost to service the debt rather than total debt.
stop with the music and get some experts next time
In this comment section: People who can do no wrong and sign their name anywhere for cash while lying to themselves that its just those darn coporations and probably trump that are responsible for their situation theyve been brewing their entire lives.
I didn`t hear anything about chapter eleven bankruptsy donald trumps favorite, I believe.
Turn the off the fucking music
🙋🏽♂️
To me it is.
Don trump
I recommended a professional broker to you guys sometime ago, can I get a person who invested with her?.... Please comment
It’s one of the hardest things I’ve ever done. “It’s people going thru your house “... says the black man. Not, “I’m responsible and cannot pay back my debts”. This is exactly the problem in bankrupt America.
That’s the point of this video. To educate viewers on bankruptcy and its considerations.
What a joke. Of course you have to pay it back. All of it. Don’t borrow if you can’t take responsibility. Your credibility should be above the law, not below it