Personal bankruptcy - Chapters 7 and 13 | Finance & Capital Markets | Khan Academy
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Chapter 7 and Chapter 13 personal bankruptcy. Created by Sal Khan.
Missed the previous lesson? Watch here: www.khanacademy.org/economics...
Finance and capital markets on Khan Academy: Back in the day (like medieval Europe), you would actually be thrown in jail if you couldn't pay your debts (debtor's prison). That seemed like a pretty awful thing to do (not to mention that lenders are much less likely to be paid by someone rotting in prison), so governments created an "out" called bankruptcy (which, as you'll see, is a pseudo-painful "reset" button on your finances).
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Пікірлер: 23
I declare BANKRUPTCY!!
You make a payment plan according to my friend who worked on Wall Street for 7 years. Then he worked at the World Trade Center for 6 years. He used to be on this show called Wall Street Week, and when they asked about bankruptcy that's what he would say - and so did other financial people who worked with him.
As always, great job Sal! There are many nonprofits out there to help low-income Americans who cannot afford attorneys. One nonprofit that helps folks across the country is Upsolve.org. Upsolve receives funding from the federal government.
From which book are this chapter 7 and chapter 13
thanks
Nice video
We'll help your ten-month old child get his dad out! And then make him president
We still have debtor's prison for taxes and child support.
interesting
"Debt Slave" to the creditor 2:00 "its kind of shocking to us now" 1:48 "the debtor would have to pay his debt through labor" how is that far away from working to pay for food and housing? we still living in the anciente greece way... however awesome Class! love it
This video is a bit confusing to someone who has no idea what bankruptcy is all about. The introduction was a little bit unnecessary and the overall video is too long, but the information is good and easy to understand.
what if you dont have enough assets? do you go homeless?
I'm in 2024
civilized? really
I have good memes
Your cursor shake is almost as bad as Willy's
13 minutes long...published in 2013...i can't take it
Kind of a false representation of a chapter seven
@omaro_o7151
5 жыл бұрын
How?