Debt & Bankruptcy Terms: Financial Education Is Your Best Investment

The Simple Guide to Debt Management, Collection & Consolidation, Debt Relief & Elimination

By: Thomas Herold

Narrated by: William Bahl

Length: 10 hrs and 55 mins

Publisher's summary

Learn important debt and bankruptcy terms you should know.

Bankruptcy is fast becoming an everyday topic of conversation. Like most specialties, bankruptcy law has a language of its own. Its unfamiliar words and phrases make it difficult to comprehend.

It is important to understand key terms and phrases while going through the bankruptcy process. Not only will this help when speaking with your lawyer but also assist you if you are required to go to court.

If you are filing for bankruptcy, it is important to understand each term so that you understand each person’s role and what is happening. You do not want to misunderstand the different types of debts or assets and confuse which debts may be wiped out or what property may be taken and sold in order to pay off your debts.

This practical debt and bankruptcy guide helps you understand:

• Debt inheritance
• Dealing with tax debt
• Steps to pay off debt
• Debt relief and debt forgiveness
• The debt collection process
• Good and bad debt
• Downside of filing for bankruptcy
• Steps detailing what happens if you declare bankruptcy
• Ways how bankruptcy works and who pays for bankruptcies
• Effects of declaring bankruptcy
• The three types of bankruptcies

If you don't understand various financial terms, chances are you may inadvertently damage your credit or even end up deeper in debt. This practical audiobook explains over 140 of the most important and commonly used debt and bankruptcy terms. Every term is explained in detail, with clear and concise article style description and practical examples.

©2019 Thomas Herold (P)2019 Thomas Herold

Interesting guide to listen to

Must-have for anybody in debt, and a good idea for people thinking about taking on debt. Very useful to establish or re-organize finances. Priority debt, loans, and other sources of income will help to use efficiency leverage of finance, always become smart purchasing, and having a saving account. Recommend for everyone who needs to follow and remain good habits in finance.

Highly appreciated

This is an excellent primer guide that doesn't just explain how to get out of debt but takes the time to explain exactly what debt is. This book has over 140 of the most important and commonly used debt and bankruptcy terms.

Worth to listen to

I would recommend this course to all regardless of age. This is one of the best books one can ever have for financial understanding and freedom. It gives you an awakening of one's bad spending habits and makes one realize how much your income is the most powerful source for becoming debt free and potentially become wealthy. Thank you, Thomas, for making it so simple to understand and your hard work is much appreciated.

A wonderful guide

This book will you know the common Debt & Bankruptcy Terms that help you with your investment plan, eliminating confusion, and get better prepared for a smooth transaction. This book aims to help you understand financial terms so that you can't damage your credit or even end up deeper in debt. A wonderful guide to listen to.

Love it

Through this course, you'll learn Debt inheritance, Dealing with tax debt, Steps to pay off debt, Debt relief, and debt forgiveness, The debt collection process, Good and bad debt, Downside of filing for bankruptcy, Steps detailing what happens if you declare bankruptcy, Ways how bankruptcy works and who pays for bankruptcies, Effects of declaring bankruptcy, and The three types of bankruptcies. All that said, this book offers solid advice and takes time to make sure the terminology and instructions are easy to understand.

Tested strategies

Having this guidebook will let you understand the importance of knowing debt and banking terms. The more you can understand how finance works the better you will understand your organization and the better you will be able to communicate with a wider range of people across your business.

The author aims to help know the most important and commonly used debt and bankruptcy terms that you usually encounter. He provides valuable information that is useful to anyone who wants to learn deeper about financial terminologies. The information comes from the world of banking and investing, providing users with thorough and reliable meanings to all the most common, and even uncommon, financial terms.

This audiobook is excellent so far. It is quite straight forward and technical with a strict focus on various financial terms. Each investment terms are very informative, concise, in detail, with practical examples. These terms will be helpful to understand, so you don't end up missing something you should know, or veering away from your financial goals.

The thing I like about the author's approach when it comes to managing your Money Management is that he gives you advice in bite-size chunks that are both easy to understand, and most importantly easy to implement. Excellent and throughout explanation of every aspect of debt. I am so glad he created this course.

Having this book is worth it. Also, loved the narrator's voice. Kept me interested and entertained.

Enlightened me

I learned a lot from this course. It gave me a lot of great tips of dos and don'ts on starting/ running a business. This book has important details for beginners and also much deeper knowledge for the continuation and maintaining already established business.

The language of Debt and Bankruptcy Terms can be complex, hard to understand, and confusing. If you are not familiar with terminologies, it may cause you trouble and may lead to misunderstanding. With the use of this guide, you'll be able to know and memorize each term you need to know and understand.

Knowing Debt and Bankruptcy terms helps you understand and comprehend the most common Debt and Bankruptcy lingo. Each of the terms is explained in detail and also gives practical examples. This guide was written with an emphasis to quickly grasp the context without using jargon.

Through it, broadened my knowledge about Annual Percentage Rate (APR), Asset Protection, Assumable Loan, Bad Credit, Bad Debt, Bailout, Balanced Budget, Bank Run, Bank Stress Tests, Bankruptcy, Blanket Loans, C Corporation, Cash Flow, Cash Reserves, Collateral, Compound Interest, Compounding of Money, Constructive Eviction, Consumer Debt, Core CPI, Cost of Living, and Credit Analysis, among others.

If you are looking for a guide to learn Debt & Bankruptcy Terms, I wholeheartedly suggest this book.

It was a super informative

The author provides a well-explained, with clear and concise article style description and practical examples. Having this guide will help you with your debt and bankruptcy terms. It also helps you eliminate confusion, and get better prepared for a swift and smooth transaction, once you have made up your mind. Love it.

Lots of things learned

All the information is informative and realistic. I appreciate the resource materials. The explanations were clear and very easy to understand. I feel empowered to take control of my finances.

I found it to be a positive approach

I found it to be a positive approach to eliminating debt. Recommend for everyone who needs to follow and remain good habits in finance. This book does address some components that are usually missing or often glossed over because of simplicity rules. The author spends a chapter and makes several references to bankruptcy and how to respond. This includes problems such as garnishment, foreclosure, and repossession. Straight forward with several applicable suggestions; even on dealing with creditors and collection agencies.