Shmoop Finance

Make Moolah, Not War

Word of the day: Involuntary Foreclosure

Finance: What is Bankruptcy?

See: Fiveclosure, then subtract one.

Or see: foreclosure.

It's a bankruptcy when the sheriff knocks on the door and says, "gimme your keys, and get out."

Happened a lot in the 2009 housing crisis in America. Can't pay back the mortgage you promised to pay? Then...that's what happens.

* Coming soon...ish