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Chapter 7:Bankruptcy Liquidation


Introduction to bankruptcy liquidation (Chapter 7)

Channel: Education
Uploaded: November 30, 1999 at 12:00 am
Author: khanacademy

Length: 11:20
Rating: 4.827586
Views: 11695

Tags: bankruptcy  chapter  liquidation  

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Video Comments

407buddy (November 30, 1999 at 12:00 am)
Sorry folks, you have been had, peed on, scammed and lied to.WallStreet is rigged and bailouts a fraud, market manipulations,high freqency trading, flash orders, naked short selling, on and onGoldman and Gov't are in bed, they set the rules to benefit the fewJobs been exported, your labor de-valued to Zero to screw you into debtWalk away from your CC cards and (underwater) mortgage FICO scores are a scam to enslave you and keep you in debt Get out of paper. Don't be sheeple. Fight back!
hg698f (November 30, 1999 at 12:00 am)
what does enlightenment have to do with understanding the uniform commercial code in America? debunk it? debunk what? debunk every conspiracy theory that is expressed and implied in the movie or debunk your statement that money is being created out of debt? that statement isn't even close to being articulated enough to debate.
NassimHarameinVedas (November 30, 1999 at 12:00 am)
Please, enlightened one. Debunk it. Words straight from the horses mouth. Read Modern Money Mechanics. Read "The Creature from Jekyll Island : A Second Look at the Federal Reserve".Case Closed.∞Hare Krishna, Hare Krsna, Hare Krsta, Hare Christ∞
hg698f (November 30, 1999 at 12:00 am)
you should make your opinions more humble because they're not entirely accurate and not at all precise. Oh and maybe, just for credibility's sake, you shouldn't cite pop-propaganda/ conspiracy theory videos to support your point.
unpimpedgti (November 30, 1999 at 12:00 am)
Search "Chapter 7 Bankruptcy" on Krustbox (dot) com.
jceja24 (November 30, 1999 at 12:00 am)
i saw that movie on youtube! pretty deep huh? check out the article below."Shell Consortium Wins Contract on Iraq's Majnoon Oil Field" on the wall street journal If we go into Venezuela next, then I believe that movie in its entirety.
NassimHarameinVedas (November 30, 1999 at 12:00 am)
Many of You, in my humble but accurate opinion, would benefit from learning about how the "Federal Reserve" system and banking business work.The movie that describes it, in the most coherent way is Zeitgeist: Addendum. Its right in the beginning of the movie, so You don't need to watch the whole 2hours.It explains how "Modern Money Mechanics" work with the FED."Money" literally is being created out of DEBT.Since 1913, US currency is not exchangeable by gold at banks for a reason.Watch it!
bankruptcytips (November 30, 1999 at 12:00 am)
Well layed out and thanks for going to this effort. I think it was worth mentioning that many people over value their assets as you pointed out and don't realize the danger that can present down the track.
creditliberation (November 30, 1999 at 12:00 am)
if you file for bankruptcy it's not the end..I am in process of recovering or my husband is..please visit my blog
daveeb0y (November 30, 1999 at 12:00 am)
Even when your Assets are greater than your Liabilities, you can still go bankrupt if you have 0 cash and are unable to pay the interest payments you owe on the debt. This is why there is the popular phrase "Cash is King".