Birdwatch Archive

Birdwatch Note Rating

2024-11-05 20:59:10 UTC - HELPFUL

Rated by Participant: 696FCED2B77757FBB4A9F4D1EB8A1696FE04ECEEDD783FB80BE00C276C5772B5
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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Original Tweet

All Information

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