What Is Bankruptcy? | Cash Course | PragerU Kids

What happens if you find yourself tens of thousands of dollars in debt, unable to pay, and the lenders won't stop calling you? Filing for bankruptcy and getting a “fresh start” by having your debt wiped away may sound appealing, but the consequences can be severe. Learn the basics of bankruptcy and how to avoid it in this episode of Cash Course.

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[spartanxlv]

And then there's Uncle Sam, who just gets to keep spending everyone's money with reckless abandon...

[steveguti]

Jesus Christ died for our Sins according to the scriptures and that he was Buried and he rose Again the third day praise God praying for everyone everyday God bless you all ...

[carefulcarpenter]

Economic ups and downs is much like the Stock Market. The predators feed off of the ignorant.

[TheUnhousedWanderer]

This woman is the doppelganger of a girl I went to school with

[NOTSOSLIMJIM]

Hell, I'm about to go through bankruptcy. This last 4 years has killed me.

[steveguti]

Urgent emergency please join me in prayer for all those affected families children animals dire situations deadly tornadoes in Nebraska Oklahoma tornadoes warnings in Many States they desperately need your prayers please pray for them God bless you all

[upperhandcustoms]

The easiest way to avoid bankruptcy is to only pay cash. No debt equals no bankruptcy.

[steveguti]

Urgent emergency please join me in prayer for 4 police officers passed away 4police officers shot in Charlotte NC they Desperately Need your prayers please pray for the family God bless you all

[arikwolf]

Cut you credit cards up and don't use them. If you don't have the cash, you cannot afford it. Live within your means.

[planethedgehog]

1:05 "Making borrowing money more difficult and expensive." Great! Might as well say, "Making getting cancer more difficult!" I want debt about as much as I want cancer.

[timscholtes]

And then there's Student Loan Debt. It can NEVER be discharged thru a bankruptcy proceeding. THINK about that. A politician is going to be in control of your future, if you have insurmountable debt. You'll have to VOTE for the person that wants to spread your debt onto everyone else, even if they are terrible at their job otherwise. But, at least with other debts the lenders have the option of limiting credit, changing interest rates and changing the rules to future borrowers, to lower their future loses. The Government will borrow almost anyone unlimited amounts for student loans. They can do this, because if they decide there is too much debt out there they can simply start picking winners and losers, all on the taxpayers dime.

[diplomatkimlongun]

The german economy minister, habek from the green party said u dont have to go bankrupty, u only have to stop to produce .. then is all