• 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
  • 4.8 out of 5 stars (29 ratings)

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Debt & Bankruptcy Terms: Financial Education Is Your Best Investment

By: Thomas Herold
Narrated by: William Bahl
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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

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Thumbs up!

What a great and informative book! A long listen guide but its all worth!

Bankruptcy law has its own language. The words and phrases are very difficult to understand. With the aid of this guide, you know all the common words/phrases that you need to know especially when you are filing for bankruptcy.

Thomas discusses the most important and commonly used debt and bankruptcy terms like Annual Percentage Rate (APR), Assumable loan, Bailout, Blanket Loans, Debt inheritance, Good and bad debt, Downside of filing for bankruptcy, Steps to pay off debt, The debt collection process, Effects of declaring bankruptcy, The three types of bankruptcies and more. He showed me the way I should know and understand.

It is the best course we can ever have for financial understanding and freedom. Thank you for making it so simple to understand and your hard work is much appreciated!

5 people found this helpful

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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.

5 people found this helpful

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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.

3 people found this helpful

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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.

3 people found this helpful

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Helpful Guide

Solid advice and ultimately providing you with a better understanding of your own finances. By knowing the Debt and Bankruptcy terms, you will have a better understanding of how to handle your finances. It provides the listener with first understanding your debt, then providing proven methods to help people out of debt. It also helps you realize if and when your debt may be more than you can handle, and discussed other options when paying off your debt is not feasible.

3 people found this helpful

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Thankful to have it

If you are willing to put an effort to achieve financial freedom and if you're financially struggling, this book is a great help for you. Through it, you can have a better understanding of how you manage your finances. This book will let you know about Debt and Bankruptcy terminologies that will help you understand how your finances work. Highly recommended for people who want to improve their wealth and enjoy their independent life.

3 people found this helpful

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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.

3 people found this helpful

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A comprehensive guide

The course is excellent so far. It is quite straight forward and technical with a strict focus on various financial terms. Each term was concise yet covered the topic completely. Also, loved the narrator's voice. Kept me interested and entertained.

3 people found this helpful

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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.

3 people found this helpful

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Big help

Debt and Bankruptcy terminology is quite difficult to understand if you do not know its meaning. This book will let you know the financial terms you didn't know before. Knowing financial terms will help you manage your finances well. With this guide, every financial term is informative and in detail. I recommend this course to all regardless of age.

2 people found this helpful

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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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  • 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.

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  • May
  • 11-07-19

uplifting, motivating, and inspiring

Yes clearly written and fully explained on how bankruptcy works and who pays for bankruptcies!.. ... Highly recommended!... But then what do you expect from a Rich Dad advisor and a personal lawyer!...

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  • Cynthia
  • 11-07-19

At last, someone exploring ideas again.

This book very clearly explains the ways to get out of debt. I feel like I have a much better understanding of the problems of bad debt and the benefits of good credit after listening it.