WSS Video Series: Understanding Bankruptcy

Introducing the Wall Street Survivor video series!

Here we will give you the quick and dirty on financial terms and jargon that will have you sounding like an expert in no time.

On the list today…

Understanding Bankruptcy

Sometimes things

Get Rich Then File For Bankruptcy

Last week, Curtis James Jackson III – some of you may know him by his stage name 50 Cent – filed for bankruptcy.

For most of us this comes as a shock.

50 transitioned from rapper to a businessman …

What is Bankruptcy?

Simply put, when you owe a bunch of money and can’t possibly pay it all back – you declare bankruptcy. As the video explains, there are different kinds of bankruptcy, the most common being chapter 7.

Going bankrupt is not …

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