It’d be nice if the media wouldn’t give so much ‘time’ publishing the talk of recession, etc. it hurts general business, etc. one time it’s a major recession, then it’s mild one. The fed still considering raising rates is a mistake imo. GLTA.
My worry is that defaulting and declaring bankruptcy does not carry the stigma it used to. I stopped reading Mohnish Pabrai's "Dhando Investor" after he more or less treated bankruptcy as just another part of social safety net after you lose everything on a business venture, even if it was ill conceived.
Curious how young people think about it.
Why shouldn’t everybody be able to use this if needed? Corporations do this when it’s advantageous to them. Individuals should use it as well if it results in the best possible outcome.
I think people who have FICO of around 740 and are making $160k/yr care about what bankruptcy does to their ability to qualify for home loans, car loans, or even credit cards in the future
It’d be nice if the media wouldn’t give so much ‘time’ publishing the talk of recession, etc. it hurts general business, etc. one time it’s a major recession, then it’s mild one. The fed still considering raising rates is a mistake imo. GLTA.
Very well written article !
Very thoughtful article. I appreciate the write up!
My worry is that defaulting and declaring bankruptcy does not carry the stigma it used to. I stopped reading Mohnish Pabrai's "Dhando Investor" after he more or less treated bankruptcy as just another part of social safety net after you lose everything on a business venture, even if it was ill conceived. Curious how young people think about it.
If businesses and Fortune 500 treat bankruptcy as a tool why shouldn’t individuals.
You speak as if a corporation vs personal bankruptcy is the same thing with same implications
Why shouldn’t everybody be able to use this if needed? Corporations do this when it’s advantageous to them. Individuals should use it as well if it results in the best possible outcome.
Please let me know what the ramifications of personal bankruptcy are
Google.com
I think people who have FICO of around 740 and are making $160k/yr care about what bankruptcy does to their ability to qualify for home loans, car loans, or even credit cards in the future
YES! If you have a good credit score, damn it you protect it like it was a newborn baby, hell I am on top of my credit score and check it montly
We gonna be fk rich by this!
Y so conservative?
Great article as usual!