• 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
  • Series: Financial IQ Series, Book 11
  • Length: 10 hrs and 55 mins
  • Unabridged Audiobook
  • Categories: Politics & Social Sciences, Law
  • 4.9 out of 5 stars (145 ratings)
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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

What listeners say about Debt & Bankruptcy Terms: Financial Education Is Your Best Investment

Average Customer Ratings
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Best book for to do it yourself law..

I read/listen books to enter an alternate universe where I can forget about my regular life. I consider a book a success when that happens to me. It's been a long time since a book hasn't bored me. Worse than that, in today's market you never know if you are going to pay money for a book written by someone that has no idea how to write good English and grammar and doesn't know what an editor is for. Congratulations to Thomas Herold for screwing up the last two days of my life because I couldn't stop listening this audio book. For those of you who are tired of boring stories and bad grammar and English to understand key terms and phrases while going through the bankruptcy process, I would label this book your next decadent pleasure.

29 people found this helpful

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Will do business again.

This course helped me to manage better my cash flow problems and understand accounting.
Explains over 140 of the most important and commonly used debt and bankruptcy terms as well.
Here I also found some steps detailing what happens if anyone declare bankruptcy.

Thank you

28 people found this helpful

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A+ For This Audiobook

I picked this book up at the local library of my phone. I loved it so much I purchased two copies,one for myself and another as a gift for a family member. It’s a easy weekend read with lots of great information. I especially liked the chapter on ways how bankruptcy works and who pays for bankruptcies.

27 people found this helpful

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Awesome money management book!

I am learning a lot as well as getting confirmation that some of the things I'm doing are good. I feel encouraged. Herold's story is definitely inspiring and I strongly believe I can be just as successful with my debt snowball.

25 people found this helpful

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well deal

This audiobook really is a good guide in case you are near a personal bankruptcy. The authors give some useful tips that seem to come from personal experience and are therefore valid and trustworthy. I'm glad that I came across this book and I give it five stars out of five because I really learned a lot by listening it.

25 people found this helpful

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Do your homework.

This book helped me get going in untangling a bunch of IRS crap. Very informative . It motivates and empowers you to develop the necessary knowledge, skills, and attitudes on how to get out of debt and enjoy life. The author is a true expert.

24 people found this helpful

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Excellent Book! A Must Have!

Thomas Herold's "Financial IQ Series, Book 11" is unique among debt books. It doesn't talk down to the listener. It talks about the health and psychological challenges of debt. And it provides concrete advice for how to deal with your challenges. While many other books offer form letters to write and platitudes about debt this book gets into the meat of the topic. And it helpfully talks about once you've solved your problems how to then use debt to your advantage. This is really an outstanding book!!

23 people found this helpful

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Legit

This book is brief and to the point. I did learn valuable information about steps to pay off debt as well steps detailing what happens if you declare bankruptcy. This is an excellent book for people stuck with debt they want to get rid of. The author seems to be extremely knowledgeable and dedicated to helping people get out of debt. Now I can help other's make an informed decision.

22 people found this helpful

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managing my money

great choice on Thomas and another great piece of work Bahl. This book will get you through it, with some help from the internet because of laws changing, which their website helps with as well. I used this book and got it all right.

21 people found this helpful

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Great, Simple, and Realistic

This humorous book is wonderfully well explained. It really gives you all the information you need as a layperson to make the decision to file or not without complicating things unnecessarily. I highly recommend it

20 people found this helpful

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  • Sienna Shah
  • 07-13-20

Your Own Personal Debt-Slaying Cheerleader

When dealing with an unfortunate event in our life I couldn’t have asked for better support and honesty, Herold's series was very supportive.

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  • Bonnie Sutton
  • 07-11-20

BUY THIS MASTERFUL BOOK!

This audible was excellent and make the problems of this legal entity seem marginal at best.

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  • James
  • 07-11-20

Thank you for all of your wonderful insight!

A good, inspiring book to change your spending mindset with a no spending challenge. The book is aimed at younger adults, but has offers useful wisdom and strategies for anyone, even this newly-retired senior.

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  • Luise Wood
  • 06-07-20

Good info earned

The book is easy to listen to with a lot of great dept and bankruptcy terms. Each of them is written in detail and very informative. Well worth it. Well worth the listen and it'll save you a fortune.

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  • Michael
  • 12-07-19

Exceeded expectations

As always Herold Financial IQ Series does not fail to give up to date, easy to comprehend legal info.I have been purchasing Herold's Financial IQ Series for years and was not surprised to be pleased with this latest offering.If you are needing Debt & Bankruptcy info.whether you are considering filing yourself or are a Bankruptcy Preparer as I am, this is a very helpful guide to the new rules-which by the way,are not as oppresive as some think.This book helps clarify the new means testing which is the thrust of new guidelines.

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  • Wendy
  • 12-07-19

Secrets and strategies discovering ideas.

This book came at a good time in my life. I have been inspired to spend less and get out of debt once and for all! This book is a MUST LISTEN for anyone and everyone who is experiencing financial problems or is considering filing bankruptcy. It is easy to understand and clearly explains how to handle one's debt. It is definitely worth the time! Lots of excellent tips!

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  • Troy
  • 12-07-19

Simple Soup to Nuts Steps To Avoid Bankruptcy

Great listening. Lots of insightful tips in between 11 hours. Highly recommend....whether you are paying off debt or are at the end of your debt journey. Great tips for keeping Your personal finances happy & healthy.

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  • Taylor John
  • 11-09-19

Practical, helpful advice all in one place

I feel that this book is such a valuable tool for financial stability that it should be standard issue at every high school and college. Getting into debt, especially when one is young, is so easy, and getting out is difficult. The methods that Thomas Herold uses to define a real plan are very down to earth and achievable. Listen it and learn.

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  • Sean Baker
  • 11-07-19

Great Quotes

I liked the straightforward way the information about tackling your debt tax problem is laid out. I agree with Herold that in difficult situations like dealing with the IRS it is critical to have good professional assistance. I also agree with Herold that before hiring that professional you need to educate yourself enough to make sure you are not being taken advantage of while you are in this vulnerable position.

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  • Connie
  • 11-07-19

Book pace and be kind to your body.

I was told about this book by a friend who used it to clean up her credit. I needed to refinance my car so I could pay my student loans. I also had weird stuff on my credit report. This book help me clear up my credit and how to better manage my debit.