What is bankruptcy?

Million Bazillion

Marketplace

News, Kids & Family

4.5 • 2.6K Ratings

🗓️ 7 May 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bridget and Ryan are studying at the library, hoping to answer Maebinn’s question about bankruptcy. The duo discovers an epic fantasy storybook about a bankrupt prince and his dangerous and frustrating journey to declaring bankruptcy. There are a lot of tricky rules! They learn about the different types of bankruptcies for people and businesses, and why bankruptcy can sometimes give folks a financial fresh start but is still an option of last resort for those who can’t pay their debts. Along the way, they’ll also meet knights, princesses, wizards, and even some lawyer elves.

If your family is interested in learning more, check out the page for this episode at our website. We’ve got discussion questions and tips for learning more!

This episode is sponsored by Greenlight. Get one month free and earn $10 today when you sign up for Greenlight at greenlight.com/million.

Transcript

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0:00.0	Hey bazillionaires, welcome back to Million Bizillion.
0:04.4	Before we get started, this episode is presented in partnership with Green Light, the debit card
0:09.2	and money app for kids and teens. Greenlight helps young people develop healthy financial
0:13.8	habits by learning to earn, save, and invest. For a limited time, million
0:19.0	bazillion listeners can get one month free and an extra $10 when they sign up for a greenlight account at greenlight
0:24.8	dot com slash million. That's greenlight dot com slash million. Hey Million
0:34.0	Bizillionaires, it's Bridget here, and we want to hear what you think about
0:37.7	million-basillion.
0:38.7	Please help us out by filling out a short anonymous survey at marketplace.org
0:44.4	slash survey.
0:45.4	Hey Bridget, check out this cool book on monster trucks.
0:56.0	Shh, we're in a library.
0:58.0	Gotta keep your voice down.
1:00.0	Sorry, but look at these trucks.
1:02.0	Have you ever seen wheels so big?
1:04.0	Shh!
1:05.0	Shh!
1:06.0	We're supposed to be researching money topics for our money podcast.
1:10.0	How fine, but what books do you have there?
1:12.0	Uh, there's no need to look at my books.
1:14.4	Why not? If you got money books, I should look at your books, right?
1:18.0	Wait a second.
	...

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