Birdwatch Archive

Birdwatch Note Rating

2024-11-05 16:06:05 UTC - NOT_HELPFUL

Rated by Participant: 0A25FC959636F92DC0EE2795616CE8AFD99C8889059589257EB5CB3DE1B2E495
Participant Details

Original Note:

Bankruptcy is for when you don't have enough cash or equivalents to service debt. Having more debt than cash is the norm for most people. The usual test for solvency is whether you have more *assets* than debt, not cash. Keeping money in cash is a bad investment. https://www.law.cornell.edu/wex/insolvency

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All Information

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