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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