What happens if you go bankrupt?

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  • Опубліковано 8 вер 2024

КОМЕНТАРІ • 2,7 тис.

  • @HenryBelcaster
    @HenryBelcaster  Рік тому +1364

    Learn more with us! SmartNonsense.com 🌈

    • @b4jw4
      @b4jw4 Рік тому +1

      ok

    • @OBeech00
      @OBeech00 Рік тому +1

      What if she payed for a heart surgery

    • @lepenseur8242
      @lepenseur8242 11 місяців тому

      And how will she get this card? I mean she's a brokie

    • @EnReaper
      @EnReaper 10 місяців тому

      If your wondering why banks usually don’t go broke because of this is because there’s something called credit.
      They won’t lend you 8 million dollars if they don’t trust you.

    • @user-tn6wh9om4x
      @user-tn6wh9om4x 9 місяців тому

      I live in aruba😊😊😊😊😅

  • @gunslinger37933
    @gunslinger37933 Рік тому +43884

    henry is teaching us how to commit financial fraud

    • @ivankaurin86
      @ivankaurin86 Рік тому +1417

      Let's do it all together and do not pay back

    • @RandomGuyFromUlacylon
      @RandomGuyFromUlacylon Рік тому +364

      ​@@ivankaurin86 are you sure about that? The IRS exists...

    • @justin13645
      @justin13645 Рік тому +589

      @@RandomGuyFromUlacylon then let’s buy an army then

    • @TheeFinesserProfessor
      @TheeFinesserProfessor Рік тому +133

      They get their money trust you’ll be working for free for the rest of your life 😂

    • @chessycontent
      @chessycontent Рік тому +48

      Well after you file for bankruptcy, you don't usually get ANY loans for a long long time. It's called credit score

  • @brandonb1631
    @brandonb1631 Рік тому +26891

    You owe the bank a hundred dollars, it's your problem. You owe the bank a hundred million dollars, it's their problem.

    • @meli10xd
      @meli10xd Рік тому +356

      I don’t get it

    • @ProbablyVoid
      @ProbablyVoid Рік тому +2912

      ​@potassium The point is, 100 dollars is nothing to a bank. 100 million is a lot, obviously.. And you most likely won't have the money to pay the bank back, even partially, so the bank loses a lot from that exchange.
      TL;DR
      The bank ain't getting their hundred million back

    • @puchy110
      @puchy110 Рік тому +1399

      @@meli10xd basically if you owe the bank an absurd amount of money, the implication is that the bank is never going to get it back. I.e. they shouldn’t have loaned that to you in the first place.

    • @chaydanmorgan917
      @chaydanmorgan917 Рік тому +287

      @@meli10xd because you’ll probably never be able to pay them back 100million

    • @jbruck6874
      @jbruck6874 Рік тому +206

      Owing 100 bucks is not a problem for adults,
      Owing 100Mil is the Bank's *and my* problem - nearly anything on my name will be sold and deducted from my salary for the rest of my life, or..? (Regulations differ by country, I live in Europe)
      EDIT:
      OMG >10 likes - I AM FAMOUS!!!!!

  • @chessycontent
    @chessycontent Рік тому +6909

    "I'm just asking for a friend"
    smoothest way to declare bankruptcy 😂

  • @Pixoul.
    @Pixoul. 11 місяців тому +4970

    "You owe us 8 million dollars"
    "Double it and give it to the next person"

    • @jayray6844
      @jayray6844 10 місяців тому +25

      Hilarious 😂

    • @faruslol8463
      @faruslol8463 10 місяців тому +53

      No no no double it and give to elon musk

    • @Pixoul.
      @Pixoul. 10 місяців тому +8

      @@faruslol8463 nah

    • @mkstouchandtry3644
      @mkstouchandtry3644 10 місяців тому +10

      Double it and take it from the next person

    • @mytrix6644
      @mytrix6644 9 місяців тому +1

      ​@@faruslol8463dats genius

  • @FireAttack0811
    @FireAttack0811 11 місяців тому +591

    Henry taught me how to commit financial fraud with this one 🐐🐐🐐

  • @waleedshadani
    @waleedshadani Рік тому +6482

    This is what Micheal Scott must've went through when he declared bankruptcy.

    • @voestalpine27
      @voestalpine27 Рік тому +83

      He didn’t even know what bankruptcy was until Oscar told him lmao

    • @shriyanshpaul7185
      @shriyanshpaul7185 Рік тому +18

      I just watched the episode woo

    • @jin_cotl
      @jin_cotl Рік тому +7

      What :/ he was like one my favorite characters in The Office

    • @zabairghafoor888
      @zabairghafoor888 Рік тому +2

      My favourite scene !!!

    • @crispycuero
      @crispycuero Рік тому +1

      I just thought about the SAME THING

  • @kvetchenfinks7044
    @kvetchenfinks7044 Рік тому +3597

    Fun fact kids, student debt doesn't go away when you file for bankruptcy. You'll never escape THAT debt

    • @jasondeaver2117
      @jasondeaver2117 Рік тому +151

      Partly thanks to our current president

    • @andyc9902
      @andyc9902 Рік тому +82

      Don't go to college. Learn a trade.

    • @evanbarnes9984
      @evanbarnes9984 Рік тому

      ​@@jasondeaver2117 literally no. Biden even JUST vetoed a bill that would have ended the student loan forgiveness program that he set up in the first place. If you're looking for the people to blame for student loans being an absolute shitshow, look no further than Republicans! They're responsible for literally every financial crisis of the last half century

    • @senseishu937
      @senseishu937 Рік тому +300

      ​@@andyc9902yes, that definitely works if you're trying to be a scientist or doctor :D

    • @JK-cq5nc
      @JK-cq5nc Рік тому +12

      Child support arrears too.

  • @RabanyMedo
    @RabanyMedo Рік тому +3398

    The thing is, Amex or any other credit card company would never give you 8 million dollars if all you owned was an old mobile home.

    • @StevoTheAce71
      @StevoTheAce71 Рік тому +65

      Bingo

    • @jajones11
      @jajones11 Рік тому +41

      Hyperbole is a hell of a thing

    • @RabanyMedo
      @RabanyMedo Рік тому +2

      ​@@jajones11I know

    • @Electricity667
      @Electricity667 Рік тому +22

      Actually yes because the platinum isn’t a credit card it’s mainly a charge card which has no spending limit

    • @00Jaxs013
      @00Jaxs013 Рік тому +2

      Unless you're asking for college loan (for some reason)

  • @shuhulsofficials5529
    @shuhulsofficials5529 11 місяців тому +174

    As a homeless guy, I see this as an absolute win

    • @banonos
      @banonos 7 місяців тому +6

      Wait you're actually homeless how do you even got WiFi or are you just joking

    • @mendyc158
      @mendyc158 7 місяців тому +13

      @banonos
      He is joking and also, most homeless people nowadays have phones with basic internet plan bc is a necessity

    • @banonos
      @banonos 7 місяців тому +4

      @@mendyc158 ok honestly I don't expect to have answers to that thanks anyways

    • @FREEROBUX4CHILDREN223
      @FREEROBUX4CHILDREN223 4 місяці тому

      Say bye to your organs and limbs

  • @matteotube6094
    @matteotube6094 11 місяців тому +269

    Pov: You rented everything and they can't take anything

    • @calvinwhoa
      @calvinwhoa 7 місяців тому +13

      Buy gold and bury it 😂

    • @parsawhatdoyoucare5138
      @parsawhatdoyoucare5138 6 місяців тому +4

      ​@calvinwhoa that's definitely a federal crime of some sorts.

    • @calvinwhoa
      @calvinwhoa 6 місяців тому

      @@parsawhatdoyoucare5138 probably but if they couldn’t find it when searching for stuff to sell they probably can’t find it when there’s an investigation 😂

    • @JJK-OPM-DN
      @JJK-OPM-DN 4 місяці тому

      Its not a crime if theres no witnesses,​@@parsawhatdoyoucare5138

    • @kahedakylar
      @kahedakylar 4 місяці тому +2

      mf is criminal mastermind

  • @DepFromDiscord
    @DepFromDiscord Рік тому +6692

    “You owe us 8 million dollars.”
    *_slowly pulls out credit card_*
    “No.”

    • @EditorBradley-b2
      @EditorBradley-b2 Рік тому +87

      U use debit card

    • @jr.slayer3315
      @jr.slayer3315 Рік тому +74

      U can't pay credit with credit

    • @DepFromDiscord
      @DepFromDiscord Рік тому +206

      @@jr.slayer3315 no, really? I didn’t know.

    • @jacenlam9888
      @jacenlam9888 Рік тому +44

      ​@jr.slayer3315 you missed the joke

    • @kamekaha52
      @kamekaha52 Рік тому +10

      ​@@DepFromDiscordi didnt literally onow that you cant do this. i dont have a credit card, IM STILL NOT ELIGIBLE

  • @francescottoti6458
    @francescottoti6458 Рік тому +4764

    "Cause I got 30,000$ in credit card debt"
    -Peter Griffin

    • @ezedeanda5675
      @ezedeanda5675 Рік тому +236

      "when they call I'll tell them I cant pay them back yet"-peter griffin

    • @Lung-Stealer
      @Lung-Stealer Рік тому +171

      ​​@@ezedeanda5675 "credit card debt!" -glenn quagmire
      "Tomorrow I might buy myself a dining room set. Or this boba fett!" -peter griffin

    • @dark3ned
      @dark3ned Рік тому +130

      "Credit card debt! Credit card debt! Credit card debt!"
      -Peter and Quagmire

    • @KiremiReviews
      @KiremiReviews Рік тому +45

      "Everything tastes better with melted cheese."
      - Peter Griffin

    • @capperbuns
      @capperbuns Рік тому +2

      696 likes

  • @cicikus949
    @cicikus949 Рік тому +1269

    he pulled out his *AMERICAN EXPRESS PLATINUM CARD*

    • @Quittedd.
      @Quittedd. Рік тому +70

      Sorry ma'am. But that card is npt available.

    • @nobodyisme
      @nobodyisme Рік тому +58

      So I can't use my AMERICAN EXPRESS PLATINUM CARD

    • @nobodyisme
      @nobodyisme Рік тому +45

      it's sad I can't use my AMERICAN EXPRESS PLATINUM CARD

    • @hammudyshahfik6744
      @hammudyshahfik6744 Рік тому +13

      Fine. Fine. You may use the card

    • @hammudyshahfik6744
      @hammudyshahfik6744 Рік тому +25

      What?! I can use my *AMERICAN EXPRESS PLATINUM CARD*

  • @PeanutIsFunky
    @PeanutIsFunky Рік тому +32

    - give almost everything you own to your friend
    - go bananas with the card
    - get the remaining property taken
    - get the almost everything from your friend back
    - now you committed a fraud.

    • @bindusharma826
      @bindusharma826 6 місяців тому +3

      As soon as that almost everything gets back to you they will take it

    • @ambreenasif-zt3kg
      @ambreenasif-zt3kg 4 місяці тому

      No need to​@@bindusharma826

  • @mikelchannel4080
    @mikelchannel4080 9 місяців тому +2

    Spanish banks 😈
    Context, in Spain we had that system like the US, but in 2008 the government made a reform in Real Estate, if you couldn’t pay the house, the bank could take back the home and sell it, but the bank doesn’t asume the losses, you will need to pay the 100% of the debt.
    Even though you don’t own the home anymore.
    Example, you buy a home buy 300.000€, there’s the crash and the home is foreclosed, it goes in auction and it’s sold for 100.000€ (did I mention that the mayority of buyers were banks buying their own houses?) so the person that bought the home doesn’t have a house anymore but he still needs to pay for 200.000€

  • @robotp-2
    @robotp-2 Рік тому +1652

    Plan
    Step 1: take out the biggest loan in history
    Step 2: give/spend that money on someone else (family and friends)
    Step 3: file for bankruptcy
    Step 4: if the bank wants your money you have nothing.
    Step 5: profit (Or go to prison)

    • @torchybeacon245
      @torchybeacon245 Рік тому +184

      And probably be sent to life in prison

    • @CitrikkAcid
      @CitrikkAcid Рік тому +112

      ​@@torchybeacon245 he did not account for imprisonment in his equation 😂

    • @canyon9749
      @canyon9749 Рік тому +146

      Step 6: invest in new (totally not scam) cryptocurrency 🤑
      Step 7: Octuple investments after it blows up 😎
      Step 8: profit even more 🔥

    • @robotp-2
      @robotp-2 Рік тому +46

      @@canyon9749 NO

    • @RhubarbEnjoyer
      @RhubarbEnjoyer Рік тому +123

      ​@Canyon step 9: crypto crashes and you go broke
      Step 10: sell feet pics-

  • @bbqenjoyer
    @bbqenjoyer Рік тому +5143

    Go all out, bankrupt them.

    • @j.b.fsomin7242
      @j.b.fsomin7242 Рік тому +70

      You do know how credit cards work right?

    • @sudokuacrobatics
      @sudokuacrobatics Рік тому +214

      Credit cards usually limit you to a Max number of cash, but if you have an unlimited card...

    • @USA_UNITED1776
      @USA_UNITED1776 Рік тому +84

      Ah yes crash the biggest industry in the entire world that market stability depends on. If everyone did this the disaster would be worse than 2008, 230,000 people died from that crisis. But sure, go and cause a crash just to get back at your bank for...? Having money??

    • @imtyler99yearsago90
      @imtyler99yearsago90 Рік тому +2

      You can't say that word

    • @USA_UNITED1776
      @USA_UNITED1776 Рік тому +31

      @@sudokuacrobatics even unlimited cards have limits. The highest limit is about 25,000. Also if you ever get any money again the company will sue you for it.

  • @rekttryhards2102
    @rekttryhards2102 Рік тому +692

    “I’m asking for a friend”
    Proceeds to tell us how bankruptcy works

  • @Notme12412
    @Notme12412 Рік тому +41

    Police: You owe us 8 million dollars
    Me:pulls out reverse card

    • @OriginalGang-rc1so
      @OriginalGang-rc1so 7 місяців тому +3

      Police: Pulls out a gun

    • @Notme12412
      @Notme12412 7 місяців тому +3

      ​@@OriginalGang-rc1soreverse card again

    • @megagatecustomization9021
      @megagatecustomization9021 6 місяців тому

      Police: pulls out a reverse catd​@@Notme12412

    • @Strawberrymeloncat
      @Strawberrymeloncat 5 місяців тому

      ​@@Notme12412police: use +4 card and 🚫 card

    • @Notme12412
      @Notme12412 5 місяців тому

      @@Strawberrymeloncat me: pulls up reverse

  • @chenyongyan6664
    @chenyongyan6664 Рік тому +79

    As a homeless person i see this as an absolute win

    • @Starman0_0
      @Starman0_0 11 місяців тому +2

      Thats sad to mention but it's so true

    • @chenyongyan6664
      @chenyongyan6664 11 місяців тому +1

      Lmao

    • @lem2004
      @lem2004 10 місяців тому

      Good luck getting the platinum credit card

    • @jerey6
      @jerey6 7 місяців тому

      @@Starman0_0Nah i think they're joking

  • @jeremytheimer7443
    @jeremytheimer7443 Рік тому +1022

    There shouldn't be multiple types of bankruptcies. Far too many companies have filed for bankruptcy and those running them haven't had to pay anything.

    • @DjAmaratziOfficial
      @DjAmaratziOfficial Рік тому +95

      It’s usually because companies are entities themselves and thus debt is owed by the company not the owners of it. That’s how it usually works and it goes even deeper with holding companies that are holding companies for other holding companies. It’s a deep rabbit hole.

    • @ec7005
      @ec7005 Рік тому +44

      The entire point of a limited liability company is so employees can't be liable for bad financial decisions made by the company

    • @jeremytheimer7443
      @jeremytheimer7443 Рік тому +21

      @@ec7005 Executives who make the big decisions shouldn't be considered the same as employees. Not one of the bankers in the 2008 financial crisis ended up broke and ostracized., which is how normal bankruptcies end. My personal views are have government minimally involved in the economy. Which means they should let companies die and let people deal with the short term harm rather than the long term harm of a bad company staying afloat on taxpayer funds.

    • @shawnpitman876
      @shawnpitman876 Рік тому

      @@DjAmaratziOfficial Which is stupid and shouldn't exist. It's just a loophole that richer people use to protect all of their assets from being repossessed when they file for bankruptcy. Which in the end leaves people like you and me footing the bill for the losses.

    • @shawnpitman876
      @shawnpitman876 Рік тому

      @@ec7005 Found the buffoon who thinks that starting companies that go under shouldn't cost you any of your belongings.
      So tell me buffoon, since you think no business owner should ever lose their money, why is it that we allow them to charge so much because of them "taking a risk"? Seems to me if they're protected from any form of risk we should stop acting like people starting companies are taking any form of a risk, because it never costs THEM.

  • @MassiveMushroom
    @MassiveMushroom Рік тому +3346

    Honestly, she deserved it after that “YaAAaAaaAs QuEeN”.

  • @ccedev
    @ccedev Рік тому +73

    I know close family members who filed for bankruptcy. It was a tight situation, and that was not the largest concern at the time. However, that stays with you for decades. Nearly 20 years later, interest rates are massive and most big purchases are completely impossible.

    • @mem7806
      @mem7806 Рік тому +7

      bankruptcy goes of your record in 7-10 years depending on chapter 7 vs 13 thats just not having good credit lmao

    • @ccedev
      @ccedev Рік тому +10

      @mem Banks don't just "pay off the difference." She's on the hook for monthly payments towards the bankruptcy. She may not be bankrupt anymore, but the consequences of such a thing stay around for a VERY long time.

    • @MartianCandies
      @MartianCandies Рік тому

      ​@@ccedev could they be passed on to her children if she were to pass?

    • @ccedev
      @ccedev Рік тому

      @@MartianCandies I'm not sure, but I hope not. She should be done paying it off soon from what I heard, but her credit won't restore for a long time. As the first comment said, that isn't directly tied to the bankruptcy.

    • @MartianCandies
      @MartianCandies Рік тому

      @@ccedev im glad shes almost done paying it off at least. Im just worried bc my grandma might have to file for bankruptcy, qnd while shes in good enough health to live 10 more years, i really hope that it doesnt come down to it. Shes in her 70s :(

  • @Hashim-bm3jz
    @Hashim-bm3jz Місяць тому

    “YAAAAAAASSS QUEEN!” Got me rolling to the moon with no helmet

  • @16bitgaming44
    @16bitgaming44 10 місяців тому +2

    Only thing he didn’t mention is your credit score becomes non existent after that making it really hard to get another card

  • @atulsingh04
    @atulsingh04 Рік тому +147

    As a person who just owns his own clothes, i see this as absolute win

    • @sam034forever
      @sam034forever Рік тому

      Anything can be taken away from you when your bankrupt

  • @ThePandaTheif21
    @ThePandaTheif21 Рік тому +134

    It's not actually discharged you just wake up in an ice bath a few weeks later feeling lighter.

  • @Z_X3R0X_Z
    @Z_X3R0X_Z Рік тому +138

    Pro tip: Commit credit card fraud so then you don’t go bankrupt

    • @bobbert4679
      @bobbert4679 Рік тому +6

      Always wear protection 💯

    • @rrosski
      @rrosski Рік тому

      ​@@bobbert4679 whar

    • @SgtPineBox
      @SgtPineBox Рік тому +1

      WARNING:may cause your exile from american society in a building meant for exiling

    • @jovan-noble-guy749
      @jovan-noble-guy749 Рік тому

      ​@@rrosskiI think that 's from a durex ad.

  • @Benjamin-iz3jv
    @Benjamin-iz3jv 11 місяців тому +2

    Thanks for mentioning aruba🇦🇼

  • @LuckBk64
    @LuckBk64 10 місяців тому +3

    -buy a box with gems
    -goes backruptcy
    -tell them you lost the gems
    -wait one year
    -sell the gems on blackmarket
    -run for another contry
    -be rich

  • @sadmansakib6810
    @sadmansakib6810 Рік тому +96

    "I declare BANKRUPTCYYYYYY"

  • @HeisenbergFam
    @HeisenbergFam Рік тому +60

    Without Henry I would've never known what happens if you go bankrupt, thank you for enlightenment

  • @cyndankit4989
    @cyndankit4989 Рік тому +142

    Reminder that if you owe less then 10000 each to one credit company you can usually get away with it if you ignore the calls and mail letters, its usually too expensive to sue if you dont owe a shit ton and dont pay

    • @misstekhead
      @misstekhead Рік тому +28

      I was sued over $500 and the case settled in court without my presence. It happens all the time.
      When I was younger I was a complete moron when it came to credit, went on spending sprees, and ended up with a low credit score that took 10 years for me to fix. To this day, I feel financially a decade behind in terms of assets and savings because I was never taught responsible, real life economics.

    • @i_love_games110
      @i_love_games110 Рік тому +4

      but also say bye bye to your credit score

    • @Alacachoo
      @Alacachoo Рік тому +6

      ​@@misstekhead I will take that into consideration if I ever think about getting a credit card. Thank you for sharing your wisdom.

    • @tubax926
      @tubax926 Рік тому

      ​@@misstekheadnah bro u just didnt have common sense. Credit cards aren't your money, simple as that. You're now more mature, so I'm confused as to why you're defending your stupidity as a kid.

    • @RickzRockz666
      @RickzRockz666 Рік тому

      why do you know that

  • @Sammysaviation
    @Sammysaviation Рік тому +6

    “Ay, girlie” had me ROLLING

  • @H45556
    @H45556 9 місяців тому +1

    Buy things, keep them with a friend and say you lost them or sign everything over to a trusted individual, and file

  • @Electronicmadness123
    @Electronicmadness123 Рік тому +13

    The cop: you owe us 8 million dollars.
    The girl: I don’t have it, but I can pay you in another way

    • @zaidkashif3170
      @zaidkashif3170 Рік тому

      One time ain't gonna cut that.... She can probably be a *** slave for the higher ups just sayin.....

    • @kaalimari
      @kaalimari Рік тому

      😳

    • @berdwatcher5125
      @berdwatcher5125 Рік тому

      not worth it,ngl

  • @kobejanvicente1686
    @kobejanvicente1686 Рік тому +344

    Don't forget about interest. That's literally the one that drags you down in the long run.

  • @Voidrift4991
    @Voidrift4991 Рік тому +16

    “Hey ferb, I know what we’re doing today!”

  • @Kristhemselves
    @Kristhemselves 9 місяців тому +3

    "and american express would be on hook for that loss" the guy who will now litterally bankrupt the company or whatever:🤑🤑🤑

  • @yaaaboyDanzel
    @yaaaboyDanzel 7 місяців тому

    Yaaaaass Qween got me dying 😂😂

  • @Qwerka
    @Qwerka Рік тому +126

    Those bars looked like prison, so relateable 😅
    Also please do Turkish War of Independence 7

    • @Erm82751
      @Erm82751 Рік тому +1

      Whatcu mean "relatable" 🤨

    • @Qwerka
      @Qwerka Рік тому

      @@Erm82751 It wasn't my fault that that dog was so se-
      I am nothign

    • @Qwerka
      @Qwerka Рік тому

      I mean nothign*

  • @Vushon
    @Vushon Рік тому +15

    Honestly speaking you're lucky american express doesn't resort to selling your organs 💀

  • @That.MelanieFan
    @That.MelanieFan Рік тому +183

    “ YASSS QUEEN” 👑
    Im literally dying 💀

  • @g3rmany600
    @g3rmany600 10 місяців тому +2

    Imagine spending so much you bankrupt yourself and American Express simultaneously. 😂

  • @LePetitArtiste09
    @LePetitArtiste09 Рік тому +2

    The high pitched “yas queen” 💀😂

  • @capsaicin938
    @capsaicin938 Рік тому +52

    Those screams made bankruptcy sound extremely terrifying

  • @PaulBateman69
    @PaulBateman69 Рік тому +29

    These kind of people are the reason why everything is priced High. Corporates has to get the money back by some other means

    • @horsepaste
      @horsepaste Рік тому

      They gave the shit away. What did they expect for everyone to be billionaires and swiftly pay it off? 💀 They wouldn't need the credit to begin with

  • @HerbertPSherbert
    @HerbertPSherbert Рік тому +5

    Who remember "ima pay with my AMERICAN EXPRESS PLATNIUM CARD" meme

  • @benjaminrobledo5466
    @benjaminrobledo5466 Рік тому +12

    Me when all I own is the burger I bought with the credit card...
    🍔

  • @SureshKumar-kj7ve
    @SureshKumar-kj7ve 9 місяців тому +2

    Someone said "Boyfriend came in clutch" XD

  • @You-Can-Call-Me-Coop
    @You-Can-Call-Me-Coop Рік тому +14

    8 million dollars in credit card debt, oh I'll just pay with my credit card.

  • @trogo3402
    @trogo3402 Рік тому +71

    I’d just flee the country and not pay

    • @dontbeedgy
      @dontbeedgy Рік тому +8

      That's not how that works

    • @trogo3402
      @trogo3402 Рік тому +62

      @@dontbeedgy can’t hear you I’m on a boat to Colombia

    • @breydensee1593
      @breydensee1593 Рік тому +3

      I think you cant take a flight to escape from your country when you're bankrupt

    • @BocchiSensei
      @BocchiSensei Рік тому +2

      ​​@@trogo3402 You should go to a country that doesnt have an extradition treaty with the US, even if you manage to escape via commercial flight or via boat, you'll still be caught in colombia.

    • @trogo3402
      @trogo3402 Рік тому +3

      @@BocchiSensei I’m only in Colombia to secure easier transport away to the jungle

  • @guyplaysgames
    @guyplaysgames Рік тому +5

    How to outsmart the tax guy: just say "Do you use credit?"

  • @VoidExpansion
    @VoidExpansion 6 місяців тому +1

    Bro reminded me about the meme "AMERICAN EXPRESS PLATINUM CARD" 💀

  • @Delicate_Disaster
    @Delicate_Disaster 8 місяців тому +1

    "Girlie" got one hell of a line of credit!

  • @user-yv3jy3eo7x
    @user-yv3jy3eo7x Рік тому +6

    Use ur credit card to pay off ur credit card 🗿

    • @ShepTheCreator
      @ShepTheCreator Рік тому +2

      Ayo u da messiah

    • @qvindicator
      @qvindicator Рік тому +1

      Basically the American government’s financial logic

  • @StickManGuy
    @StickManGuy Рік тому +9

    "you owe us 8 million dollars"
    "But i dont have money"
    "Not our problem"

  • @mimokader4908
    @mimokader4908 Рік тому +5

    "Yasss, Queen!" 💀

  • @asiansoldier
    @asiansoldier 10 місяців тому +1

    "you owe The amercian express 8 million dollars"
    *slowly pulls out the american express card*

  • @only_valid_opinion1506
    @only_valid_opinion1506 Рік тому +1

    Thank goodness, I thought a cowboy would show up, kill me, and then take whatever was on my person 😮‍💨

  • @Himothyedits
    @Himothyedits Рік тому +55

    Never let them know your next move: pays the Money with the credit💀😈

  • @Krabnut
    @Krabnut Рік тому +10

    And this is why people like Scott Painter can go bankrupt and still be a multi million dollar businessman, chapter 7 can be manipulated in favor of shady business people as a loophole

  • @KaseMartin
    @KaseMartin 10 місяців тому +3

    Hold up, so if I am homeless and somehow manage to get one of these I can spend billions of dollars and then all that happens will be that my cardboard box get sold? Bet! I’m in!😂

  • @railmote2937
    @railmote2937 7 місяців тому

    American express gangsta until they owe people 10 billion dollars 💀

  • @Ils_5
    @Ils_5 10 місяців тому +1

    Chapter 7 bankruptcy, we all thought of knuckle at that point

  • @goofy_ahh_editz9
    @goofy_ahh_editz9 Рік тому +32

    Imagine Karens with the American Express Platinum card 💀💀💀

    • @TankEngine75
      @TankEngine75 Рік тому +1

      They will beat up all the American Express guys that show up on their doors before beating the final boss and taking over (that actually sounds like a good premise for a beat em up game)

  • @aq498_old
    @aq498_old Рік тому +2

    No one:
    Lawbymike: transfer all property and stuff to his dad before starting the shopping rapid fire

  • @jimbog119
    @jimbog119 Рік тому +8

    I wish I could file for bankruptcy. Stupid 80k student loan just won't go away. Lol.

    • @jimbog119
      @jimbog119 Рік тому

      @@Gwizz1027 meh, shouldn't be that bad. I have a couple of coworkers that filed for bankruptcy and they're not doing so bad. I'll file chapter 7 and what are they gonna take?
      I live in an apartment with 1 financed car. Anything that they can sell that's legally under my name is not that much. I can easily buy them back. It's not like they're going to take all my clothes lol.
      Like I said, I know a couple of people who had filed before and now they're better off.

    • @zygbeee8563
      @zygbeee8563 Рік тому

      Why can’t you?

    • @jimbog119
      @jimbog119 Рік тому

      @@zygbeee8563 Student loans (federal or private) are a bit different than regular commercial debt. Although not entirely impossibile, it is a lot more difficult than simply filing a chapter 7 or 11.
      After filing for bankruptcy, you then have to work with a lawyer to prove in court that repaying the debt will cause you and your family severe undue hardship.
      Basically, you have to convince judge and the federal government (which is the creditor for your debt) that repaying the loans will leave you to be unable to live a minimal standard of living now and in the future.
      So if you have a stable job with a prospective future advancement, not disabled and still not near retirement age, convincing them of your hardship in the future is almost close to impossible.

  • @dreamix2023
    @dreamix2023 5 місяців тому

    The "yaaas queeen" though 💀

  • @Cosmic51
    @Cosmic51 10 місяців тому +1

    me when i spend 7 billion dollars with the homies:

  • @coolmoji
    @coolmoji Рік тому +4

    "yAAAAaAaAAAAs qUEEN"

  • @AmogUsIsSusRed
    @AmogUsIsSusRed Рік тому +4

    Keyword: Usually discharged.

  • @no1bandfan
    @no1bandfan Рік тому +11

    If you take on debt, knowing you’re not going to pay it back, that’s fraud. They may not be able to collect but your ass may also be going to jail.

    • @xytruxGD
      @xytruxGD Рік тому

      At least you had fun before you went to jail

    • @Mertree599
      @Mertree599 Рік тому +3

      @@xytruxGDthat’s a prisoners mindset

    • @blabla903
      @blabla903 Рік тому

      It's not fraud, what the hell are you talking about.

    • @nito8066
      @nito8066 Рік тому

      my tutorial has it fixed just say that you expected for thta money from a friend to pay off

  • @CM_2050
    @CM_2050 7 місяців тому +1

    Wo goin to jail with this one 🗣️📢🔥🔥🔥🔥

  • @mAny_oThERSs
    @mAny_oThERSs 11 місяців тому +2

    Im gonna go "borrow" some money from american express and put it somewhere were noone can find it and then file for bankrupcty now. Thank you for this video.

  • @ajaysinghrathore1940
    @ajaysinghrathore1940 Рік тому +5

    "I declare BANKRUPTCY!!"

  • @Destinyxxstars
    @Destinyxxstars Рік тому +4

    You have taught us something school hasn't taught us :>

    • @studiesmadeez9271
      @studiesmadeez9271 11 місяців тому +2

      so you never heard about differences b/w credit card and debit card in lower classes. wow

    • @Angelisstupid
      @Angelisstupid 11 місяців тому

      School taught me this in the 7th grade

  • @teador.playsroblox4388
    @teador.playsroblox4388 7 місяців тому

    Bro you can uno reveres that Police officer 😂😂😂

  • @sciencevenger
    @sciencevenger 8 місяців тому

    d yAsS QuEeeEn got me laughing😂😂😂

  • @scottanos9981
    @scottanos9981 Рік тому +4

    Debtmaxx™ is the way. Quite antisemitic though

  • @Jiub_SN
    @Jiub_SN 7 місяців тому

    This is so relateable, I got a credit card and bought a Disney mansion, now I'm locked beneath cinderellas castle, I've only managed to keep my phone because Mickey doesn't search my crack

  • @Necnut
    @Necnut Рік тому +1

    imagine american express busting your door to harvest your organs to pay for your debt.

  • @MohammedMohammed-ho4my
    @MohammedMohammed-ho4my 7 місяців тому

    Hakimi us cooking with this one 🔥🔥🔥

  • @theworldsgreatestjidiot9667
    @theworldsgreatestjidiot9667 Рік тому +1

    That green screen folds transition to lines is amazing

  • @Napoleon_tf2
    @Napoleon_tf2 11 місяців тому +2

    "YASSSSSSSSSSSSS *voice cramp* QUEeeE-"

  • @dibujante27
    @dibujante27 Місяць тому +1

    AMERICA EXPRESS PLATINUM CARD!!! 🗣️🗣️🗣️🔥🔥🔥😭😭😭🙏🙏🙏💪💪💪💸💸💸🦅🦅🦅

  • @christopherpho9424
    @christopherpho9424 9 місяців тому +1

    I remember when I was at a bank and someone said to the staff “my parents said the first one was on the house” when he was rejected a credit line. I asked staff why that was about and turns out dude was told by his parents to just run a credit line, default for a good 10k boost for college life.

  • @Transportation-guy
    @Transportation-guy 7 місяців тому

    "You owe us 16 million dollars doubled from the last person"
    "Triple it and give it to the next person"

  • @lukamorris7145
    @lukamorris7145 Рік тому +1

    that is why credit card companies look for your credit score to see if you pay back your debt

  • @bfsofficialchannel9093
    @bfsofficialchannel9093 Рік тому

    Devil:NOBODY ESCAPE THE DEBIT EVEN HITTER MUHAHAHA!

  • @WhiteoutMonster
    @WhiteoutMonster 10 місяців тому

    I filed bankruptcy due to hospital bills (in my state hospital bills no longer show up on credit report, had no idea they were even there, was in process of paying off credit report items) due to insurance saying person wasnt covered when they were.
    Got surprise sued for $15k lost 25% of my income. Our ONLY income. Took a loan, payed my bankruptcy lawer, filed chapter 7 and done. We dont own anything so there went that. It helped my credit too. Id recommend it. If you take a loan dont include that loan in your bankruptcy btw.

  • @SSJWAnimation
    @SSJWAnimation 7 місяців тому

    “You owe us $8 million”
    Girlie:”Kay lemme just get my credit card”

  • @lankyplayz6238
    @lankyplayz6238 11 місяців тому

    -Girly: ”How bout I pay you another way 😉”
    -Officer: “Good Idea gimme your house”
    -Girly: “AHHHHHHHHHHHHHHHH”

  • @averyz8589
    @averyz8589 9 місяців тому

    Remember learning this in 9th grade personal finance

  • @betch_24
    @betch_24 7 місяців тому

    This video reminds me of that meme video of *"AMERICAN EXPRESS PLATINUM CARD"* 😂

  • @bbunkey
    @bbunkey 11 місяців тому +1

    Me selling everything I own before going bankrupt so only thing bank gets is my toilet seat

  • @jameel8654
    @jameel8654 9 місяців тому

    City block ideas? Sure.
    1- A hotel area if the weary survivors are in a pickle around the city and they need somewhere safe to stay.
    2- Recreation center with all sorts of options, arcades movie theaters casino stripclub you name it. People should NOT miss the vault's luxury.
    3- Vehicle garage plus airstrip for easy maintenance and refueling (pumps should be used there for convenience, should only contain vehicles that are used for exploration/mass troop transportation)
    Ideas for personal quarters: Stick each colonist in a block with things centered about their speciality.
    Cai gets a block with crafting stations and should be close to the hospital.
    Timon gets a block with the armory and guns and ammo and minified spare turrets.
    Chef and Chef gets a block with drop pods and comms console (traders) and ofc cooking stations.
    Each colonist gets a dirtbike for emergency (We get a raid they need to make a run for the side the mushrooms are coming from etc... they can do it fast)
    Efficient? Not at all.
    A good idea? Maybe.

  • @Kat-327
    @Kat-327 Рік тому +1

    "you owe us 12 million dollars! "
    "NUH UH"

  • @jellydogbyveervivekanandad7673

    This is perfect I’m gonna switch states change my name and every thing and buy a bunch of sh1t then when they take everything I change back to my own identity and I’m home free thanks Henry