Chapter 7:Bankruptcy Liquidation

[LegalAdviceAid]

Many cool tips about Chapter 7 Bankruptcy! Thanks for sharing!

[makeiteasyable]

ty

[MatthewSpielberg]

Chapter 7 is a good solution

[claytin8895]

Math fail... :P

[sksnkton]

what you explain in the second half of the video is that an Collateralize Debt Obligation? is bank debt traded like bonds?

[diedie111590]

Have you ever taken an accounting class? The dollar sign only has one line through it. $

[abadiblack]

amazing , you just made me understand something that my professor could not :)

thanks

[rosa1980x]

mutual funds????

[TheLifeImprovement]

This video is pretty interesting, does that make me a nerd? We might be able to work together. I help people who have file bankruptcies get a cash settlement

[thegoonist]

er 5mil - 1mil - 2mil = 2 mil...so the subordinated should get all their money back?

[junwithgod]

Thanks for the useful video. I just want to point out one thing. In theory, what you said is true, but in reality, it is a difficulty of enforcing legal rights of lien holder and there is a problem with delays even when the legal rights were to be obtained. In practice, the people with senior debt may find it difficult to take over the promised assets if the assets have fair value in excess of their claims because junior debt holders may have interest as well as others at the bottom of the

[freshair74]

get a chapter 7 or divorce and more american freedom legal forms.com

[lisalisamattmatt]

Thank you for these videos - very informative for the intelligent novice.

[mkinvest6]

For instance, a business that made perfect sense, but due to economic downturn or poor investment decisions/management, or taking too much leverage to be able to pay it back. I interpret bankruptcy as a business shutting down. I am just a little confused why a company's restructuring/reorganization would be considered bankruptcy, if the company stays in business. Thanks.

[mkinvest6]

In my opinion, the only bankruptcy type would the liquidation. And then liquidation could be divided into two, and possibly more, types: Liquidation, as you mentioned, as a result of a business that does not seem to make sense and cannot reach an expected/desired profit level and the other type would be a liquidation as a result of insolvency. see next...

[ambalikasmiti]

One doubt..

In case of bankruptcy liquidation, does the company payback the principal as well interest to the debt holder?

[peacekeeper2808]

nice vid! i like the way you teach, its easy to understand ! can u explain about derivatives? i want to learn more about it.

[unpimpedgti]

Search "Chapter 7 Bankruptcy" on Krustbox (dot) com.

[NassimHarameinVedas]

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!

[jceja24]

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.

[hg698f]

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.

[NassimHarameinVedas]

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]

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.

[bankruptcytips]

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]

if you file for bankruptcy it's not the end..I am in process of recovering or my husband is..please visit my blog

[wwwdotLPdotorg]

If the company had 7 million in assets and 6 million in liabilities then why would it file for bankruptcy?

[clovermintblue]

he is talking specifically about chapter 7, bankruptcy liquidation. Where, the owners just decide that they do not want to run the company anymore, for whatever reason, that is when they file for Chap 7, bankruptcy liquidation.

See this video once again, you'll get your answer.

[wwwdotLPdotorg]

Thank you, I might have missed that.

[daveeb0y]

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".

[masakmerah]

Sal, if the assets were only 5 mil, and there only enough for Subordinate to get 1 mil back (instead of 2 mil)......doesnt the equity holders owes the Subordinates the difference (1 mil)? dont they have to pay?

[khanacademy]

No, the stock/equity can only go to zero. It cannot be negative. If I own a share of GM, the worse thing that can happen is that it becomes worthless. I wouldn't ever "owe" money to GM's unsecured creditors.

[brokeinvestor]

There are stocks that you in fact have to pay off the debt in the company. Google "Brisconnections" (a company in Australia). The people who bought the stock recently owe $2 per share. The stock is at $0.01 and no buyers. So heaps of un-educated investors have been trapped into $mils of debt. The investors are getting taken to court cause they cant pay up.

[wmacorlando]

Have they actually been forced to pay?

[brokeinvestor]

Its still in the woodworks so not yet. There has been no talk of a government bailout for these Average Joe's who owe tens of millions.

[CenseSay]

that could just be australian law, or an australian loop hole (most likely) that the company crawled through and can legally demand the money from its shareholders

[tjello]

@masakmerah Because it wasn't you that borrowed the money, it was the company that you have shares in. Therefore their obligations aren't yours, so you won't have to take on the company's liabilities.