Birdwatch Archive

Birdwatch Note Rating

2024-11-10 10:41:18 UTC - NOT_HELPFUL

Rated by Participant: C9322C1FCC26829CE5990602436D5B00EC7B05DA89DC7A77991E3664ACA98D29
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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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