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What happens if you go bankrupt?

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Henry Belcaster

Henry Belcaster

Күн бұрын

Пікірлер: 2 700
@HenryBelcaster
@HenryBelcaster Жыл бұрын
Learn more with us! SmartNonsense.com 🌈
@b4jw4
@b4jw4 Жыл бұрын
ok
@OBeech00
@OBeech00 11 ай бұрын
What if she payed for a heart surgery
@lepenseur8242
@lepenseur8242 11 ай бұрын
And how will she get this card? I mean she's a brokie
@EnReaper
@EnReaper 10 ай бұрын
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 ай бұрын
I live in aruba😊😊😊😊😅
@gunslinger37933
@gunslinger37933 Жыл бұрын
henry is teaching us how to commit financial fraud
@ivankaurin86
@ivankaurin86 Жыл бұрын
Let's do it all together and do not pay back
@RandomGuyFromUlacylon
@RandomGuyFromUlacylon Жыл бұрын
​@@ivankaurin86 are you sure about that? The IRS exists...
@justin13645
@justin13645 Жыл бұрын
@@RandomGuyFromUlacylon then let’s buy an army then
@TheeFinesserProfessor
@TheeFinesserProfessor Жыл бұрын
They get their money trust you’ll be working for free for the rest of your life 😂
@chessycontent
@chessycontent Жыл бұрын
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 Жыл бұрын
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 Жыл бұрын
I don’t get it
@ProbablyVoid
@ProbablyVoid Жыл бұрын
​@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 Жыл бұрын
@@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 Жыл бұрын
@@meli10xd because you’ll probably never be able to pay them back 100million
@jbruck6874
@jbruck6874 Жыл бұрын
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!!!!!
@Pixoul.
@Pixoul. 10 ай бұрын
"You owe us 8 million dollars" "Double it and give it to the next person"
@jayray6844
@jayray6844 9 ай бұрын
Hilarious 😂
@faruslol8463
@faruslol8463 9 ай бұрын
No no no double it and give to elon musk
@Pixoul.
@Pixoul. 9 ай бұрын
@@faruslol8463 nah
@mkstouchandtry3644
@mkstouchandtry3644 9 ай бұрын
Double it and take it from the next person
@mytrix6644
@mytrix6644 9 ай бұрын
​@@faruslol8463dats genius
@FireAttack0811
@FireAttack0811 11 ай бұрын
Henry taught me how to commit financial fraud with this one 🐐🐐🐐
@waleedshadani
@waleedshadani Жыл бұрын
This is what Micheal Scott must've went through when he declared bankruptcy.
@voestalpine27
@voestalpine27 Жыл бұрын
He didn’t even know what bankruptcy was until Oscar told him lmao
@shriyanshpaul7185
@shriyanshpaul7185 Жыл бұрын
I just watched the episode woo
@jin_cotl
@jin_cotl Жыл бұрын
What :/ he was like one my favorite characters in The Office
@zabairghafoor888
@zabairghafoor888 Жыл бұрын
My favourite scene !!!
@crispycuero
@crispycuero Жыл бұрын
I just thought about the SAME THING
@chessycontent
@chessycontent Жыл бұрын
"I'm just asking for a friend" smoothest way to declare bankruptcy 😂
@kccbedwars3569
@kccbedwars3569 Жыл бұрын
bro just wants a friend😂💀
@Generic-username5
@Generic-username5 Жыл бұрын
He’s lonely
@bananamonster0
@bananamonster0 Жыл бұрын
​@@poka26ev2 bruh ☠️
@autismreal4
@autismreal4 Жыл бұрын
@HoodClassic69 I think that’s called “fraud”.
@pibaeater3454
@pibaeater3454 Жыл бұрын
Ah, thats the reason why he cant give the animators a raise
@shuhulsofficials5529
@shuhulsofficials5529 11 ай бұрын
As a homeless guy, I see this as an absolute win
@banonos
@banonos 6 ай бұрын
Wait you're actually homeless how do you even got WiFi or are you just joking
@mendyc158
@mendyc158 6 ай бұрын
@banonos He is joking and also, most homeless people nowadays have phones with basic internet plan bc is a necessity
@banonos
@banonos 6 ай бұрын
@@mendyc158 ok honestly I don't expect to have answers to that thanks anyways
@FREEROBUX4CHILDREN223
@FREEROBUX4CHILDREN223 4 ай бұрын
Say bye to your organs and limbs
@matteotube6094
@matteotube6094 11 ай бұрын
Pov: You rented everything and they can't take anything
@calvinwhoa
@calvinwhoa 6 ай бұрын
Buy gold and bury it 😂
@parsawhatdoyoucare5138
@parsawhatdoyoucare5138 5 ай бұрын
​@calvinwhoa that's definitely a federal crime of some sorts.
@calvinwhoa
@calvinwhoa 5 ай бұрын
@@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 ай бұрын
Its not a crime if theres no witnesses,​@@parsawhatdoyoucare5138
@kahedakylar
@kahedakylar 4 ай бұрын
mf is criminal mastermind
@kvetchenfinks7044
@kvetchenfinks7044 Жыл бұрын
Fun fact kids, student debt doesn't go away when you file for bankruptcy. You'll never escape THAT debt
@jasondeaver2117
@jasondeaver2117 Жыл бұрын
Partly thanks to our current president
@andyc9902
@andyc9902 Жыл бұрын
Don't go to college. Learn a trade.
@evanbarnes9984
@evanbarnes9984 Жыл бұрын
​@@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 Жыл бұрын
​@@andyc9902yes, that definitely works if you're trying to be a scientist or doctor :D
@JK-cq5nc
@JK-cq5nc Жыл бұрын
Child support arrears too.
@RabanyMedo
@RabanyMedo Жыл бұрын
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 Жыл бұрын
Bingo
@jajones11
@jajones11 Жыл бұрын
Hyperbole is a hell of a thing
@RabanyMedo
@RabanyMedo Жыл бұрын
​@@jajones11I know
@Electricity667
@Electricity667 Жыл бұрын
Actually yes because the platinum isn’t a credit card it’s mainly a charge card which has no spending limit
@00Jaxs013
@00Jaxs013 Жыл бұрын
Unless you're asking for college loan (for some reason)
@PeanutIsFunky
@PeanutIsFunky Жыл бұрын
- 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 5 ай бұрын
As soon as that almost everything gets back to you they will take it
@ambreenasif-zt3kg
@ambreenasif-zt3kg 4 ай бұрын
No need to​@@bindusharma826
@francescottoti6458
@francescottoti6458 Жыл бұрын
"Cause I got 30,000$ in credit card debt" -Peter Griffin
@ezedeanda5675
@ezedeanda5675 Жыл бұрын
"when they call I'll tell them I cant pay them back yet"-peter griffin
@Lung-Stealer
@Lung-Stealer Жыл бұрын
​​@@ezedeanda5675 "credit card debt!" -glenn quagmire "Tomorrow I might buy myself a dining room set. Or this boba fett!" -peter griffin
@dark3ned
@dark3ned Жыл бұрын
"Credit card debt! Credit card debt! Credit card debt!" -Peter and Quagmire
@KiremiReviews
@KiremiReviews Жыл бұрын
"Everything tastes better with melted cheese." - Peter Griffin
@capperbuns
@capperbuns Жыл бұрын
696 likes
@DepFromDiscord
@DepFromDiscord Жыл бұрын
“You owe us 8 million dollars.” *_slowly pulls out credit card_* “No.”
@EditorBradley-b2
@EditorBradley-b2 Жыл бұрын
U use debit card
@jr.slayer3315
@jr.slayer3315 Жыл бұрын
U can't pay credit with credit
@DepFromDiscord
@DepFromDiscord Жыл бұрын
@@jr.slayer3315 no, really? I didn’t know.
@jacenlam9888
@jacenlam9888 Жыл бұрын
​@jr.slayer3315 you missed the joke
@kamekaha52
@kamekaha52 Жыл бұрын
​@@DepFromDiscordi didnt literally onow that you cant do this. i dont have a credit card, IM STILL NOT ELIGIBLE
@16bitgaming44
@16bitgaming44 10 ай бұрын
Only thing he didn’t mention is your credit score becomes non existent after that making it really hard to get another card
@chenyongyan6664
@chenyongyan6664 11 ай бұрын
As a homeless person i see this as an absolute win
@Starman0_0
@Starman0_0 10 ай бұрын
Thats sad to mention but it's so true
@chenyongyan6664
@chenyongyan6664 10 ай бұрын
Lmao
@lem2004
@lem2004 10 ай бұрын
Good luck getting the platinum credit card
@jerey6
@jerey6 7 ай бұрын
@@Starman0_0Nah i think they're joking
@cicikus949
@cicikus949 Жыл бұрын
he pulled out his *AMERICAN EXPRESS PLATINUM CARD*
@Quittedd.
@Quittedd. Жыл бұрын
Sorry ma'am. But that card is npt available.
@nobodyisme
@nobodyisme Жыл бұрын
So I can't use my AMERICAN EXPRESS PLATINUM CARD
@nobodyisme
@nobodyisme Жыл бұрын
it's sad I can't use my AMERICAN EXPRESS PLATINUM CARD
@hammudyshahfik6744
@hammudyshahfik6744 Жыл бұрын
Fine. Fine. You may use the card
@hammudyshahfik6744
@hammudyshahfik6744 Жыл бұрын
What?! I can use my *AMERICAN EXPRESS PLATINUM CARD*
@rekttryhards2102
@rekttryhards2102 Жыл бұрын
“I’m asking for a friend” Proceeds to tell us how bankruptcy works
@hilaryowiredu7754
@hilaryowiredu7754 Жыл бұрын
That is a bit odd 😮
@rekttryhards2102
@rekttryhards2102 Жыл бұрын
@@hilaryowiredu7754 he asked it as a question, then told us.
@horsepaste
@horsepaste Жыл бұрын
​@@rekttryhards2102So why'd he ask 💀
@Notme12412
@Notme12412 Жыл бұрын
Police: You owe us 8 million dollars Me:pulls out reverse card
@OriginalGang-rc1so
@OriginalGang-rc1so 6 ай бұрын
Police: Pulls out a gun
@Notme12412
@Notme12412 6 ай бұрын
​@@OriginalGang-rc1soreverse card again
@megagatecustomization9021
@megagatecustomization9021 6 ай бұрын
Police: pulls out a reverse catd​@@Notme12412
@Strawberrymeloncat
@Strawberrymeloncat 5 ай бұрын
​@@Notme12412police: use +4 card and 🚫 card
@Notme12412
@Notme12412 5 ай бұрын
@@Strawberrymeloncat me: pulls up reverse
@mikelchannel4080
@mikelchannel4080 8 ай бұрын
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€
@bbqenjoyer
@bbqenjoyer Жыл бұрын
Go all out, bankrupt them.
@j.b.fsomin7242
@j.b.fsomin7242 Жыл бұрын
You do know how credit cards work right?
@sudokuacrobatics
@sudokuacrobatics Жыл бұрын
Credit cards usually limit you to a Max number of cash, but if you have an unlimited card...
@USA_UNITED1776
@USA_UNITED1776 Жыл бұрын
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 Жыл бұрын
You can't say that word
@USA_UNITED1776
@USA_UNITED1776 Жыл бұрын
@@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.
@robotp-2
@robotp-2 Жыл бұрын
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 Жыл бұрын
And probably be sent to life in prison
@CitrikkAcid
@CitrikkAcid Жыл бұрын
​@@torchybeacon245 he did not account for imprisonment in his equation 😂
@canyon9749
@canyon9749 Жыл бұрын
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 Жыл бұрын
@@canyon9749 NO
@RhubarbEnjoyer
@RhubarbEnjoyer Жыл бұрын
​@Canyon step 9: crypto crashes and you go broke Step 10: sell feet pics-
@Benjamin-iz3jv
@Benjamin-iz3jv 11 ай бұрын
Thanks for mentioning aruba🇦🇼
@LuckBk64
@LuckBk64 10 ай бұрын
-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
@MassiveMushroom
@MassiveMushroom Жыл бұрын
Honestly, she deserved it after that “YaAAaAaaAs QuEeN”.
@egg4109
@egg4109 Жыл бұрын
Fr
@ingrowntoenailiv
@ingrowntoenailiv Жыл бұрын
So true
@wow_tilin
@wow_tilin 11 ай бұрын
Definitely
@oofooflemon
@oofooflemon 11 ай бұрын
fr
@BCC29
@BCC29 11 ай бұрын
​@KeyUploadsYAAAAAS QUEEN
@jeremytheimer7443
@jeremytheimer7443 Жыл бұрын
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 Жыл бұрын
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 Жыл бұрын
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 Жыл бұрын
@@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 Жыл бұрын
@@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 Жыл бұрын
@@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.
@benjaminrobledo5466
@benjaminrobledo5466 11 ай бұрын
Me when all I own is the burger I bought with the credit card... 🍔
@Sammysaviation
@Sammysaviation 11 ай бұрын
“Ay, girlie” had me ROLLING
@atulsingh04
@atulsingh04 Жыл бұрын
As a person who just owns his own clothes, i see this as absolute win
@sam034forever
@sam034forever Жыл бұрын
Anything can be taken away from you when your bankrupt
@Z_X3R0X_Z
@Z_X3R0X_Z Жыл бұрын
Pro tip: Commit credit card fraud so then you don’t go bankrupt
@bobbert4679
@bobbert4679 Жыл бұрын
Always wear protection 💯
@rrosski
@rrosski Жыл бұрын
​@@bobbert4679 whar
@SgtPineBox
@SgtPineBox Жыл бұрын
WARNING:may cause your exile from american society in a building meant for exiling
@jovan-noble-guy749
@jovan-noble-guy749 Жыл бұрын
​@@rrosskiI think that 's from a durex ad.
@Hashim-bm3jz
@Hashim-bm3jz Ай бұрын
“YAAAAAAASSS QUEEN!” Got me rolling to the moon with no helmet
@LePetitArtiste09
@LePetitArtiste09 Жыл бұрын
The high pitched “yas queen” 💀😂
@ThePandaTheif21
@ThePandaTheif21 Жыл бұрын
It's not actually discharged you just wake up in an ice bath a few weeks later feeling lighter.
@Trimper
@Trimper Жыл бұрын
lmao
@nikhilpolekar8325
@nikhilpolekar8325 Жыл бұрын
What does this mean? 😭
@aeserr8396
@aeserr8396 Жыл бұрын
@@nikhilpolekar8325They yoinked your kidney
@nikhilpolekar8325
@nikhilpolekar8325 Жыл бұрын
@@aeserr8396 😰
@ThePandaTheif21
@ThePandaTheif21 Жыл бұрын
@@aeserr8396 not just your kidney
@sadmansakib6810
@sadmansakib6810 Жыл бұрын
"I declare BANKRUPTCYYYYYY"
@Delicate_Disaster
@Delicate_Disaster 7 ай бұрын
"Girlie" got one hell of a line of credit!
@Kristhemselves
@Kristhemselves 8 ай бұрын
"and american express would be on hook for that loss" the guy who will now litterally bankrupt the company or whatever:🤑🤑🤑
@ccedev
@ccedev Жыл бұрын
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 Жыл бұрын
bankruptcy goes of your record in 7-10 years depending on chapter 7 vs 13 thats just not having good credit lmao
@ccedev
@ccedev Жыл бұрын
@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 Жыл бұрын
​@@ccedev could they be passed on to her children if she were to pass?
@ccedev
@ccedev Жыл бұрын
@@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 Жыл бұрын
@@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 :(
@HeisenbergFam
@HeisenbergFam Жыл бұрын
Without Henry I would've never known what happens if you go bankrupt, thank you for enlightenment
@skrrtskrrt1804
@skrrtskrrt1804 Жыл бұрын
brother doesnt have a life outside of youtube
@Qwerka
@Qwerka Жыл бұрын
OK bort 👍
@rblxrocks3480
@rblxrocks3480 Жыл бұрын
​@@skrrtskrrt1804 yea
@Jojos_rudolf_von_stroheim
@Jojos_rudolf_von_stroheim Жыл бұрын
E fact that you are the same account every time
@DarkStallion101
@DarkStallion101 Жыл бұрын
kzfaq.info/get/bejne/bLx1lZhorbvRl2Q.html
@r05dc
@r05dc 10 ай бұрын
Imagine spending so much you bankrupt yourself and American Express simultaneously. 😂
@Ils_5
@Ils_5 10 ай бұрын
Chapter 7 bankruptcy, we all thought of knuckle at that point
@kobejanvicente1686
@kobejanvicente1686 Жыл бұрын
Don't forget about interest. That's literally the one that drags you down in the long run.
@Electronicmadness123
@Electronicmadness123 Жыл бұрын
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 Жыл бұрын
One time ain't gonna cut that.... She can probably be a *** slave for the higher ups just sayin.....
@kaalimari
@kaalimari Жыл бұрын
😳
@berdwatcher5125
@berdwatcher5125 Жыл бұрын
not worth it,ngl
@H45556
@H45556 9 ай бұрын
Buy things, keep them with a friend and say you lost them or sign everything over to a trusted individual, and file
@theworldsgreatestjidiot9667
@theworldsgreatestjidiot9667 Жыл бұрын
That green screen folds transition to lines is amazing
@Voidrift4991
@Voidrift4991 Жыл бұрын
“Hey ferb, I know what we’re doing today!”
@Vushon
@Vushon Жыл бұрын
Honestly speaking you're lucky american express doesn't resort to selling your organs 💀
@user-no7dc9eo3y
@user-no7dc9eo3y 9 ай бұрын
True
@SureshKumar-kj7ve
@SureshKumar-kj7ve 8 ай бұрын
Someone said "Boyfriend came in clutch" XD
@lukamorris7145
@lukamorris7145 Жыл бұрын
that is why credit card companies look for your credit score to see if you pay back your debt
@Qwerka
@Qwerka Жыл бұрын
Those bars looked like prison, so relateable 😅 Also please do Turkish War of Independence 7
@Erm82751
@Erm82751 Жыл бұрын
Whatcu mean "relatable" 🤨
@Qwerka
@Qwerka Жыл бұрын
@@Erm82751 It wasn't my fault that that dog was so se- I am nothign
@Qwerka
@Qwerka Жыл бұрын
I mean nothign*
@cyndankit4989
@cyndankit4989 Жыл бұрын
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 Жыл бұрын
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 Жыл бұрын
but also say bye bye to your credit score
@Alacachoo
@Alacachoo Жыл бұрын
​@@misstekhead I will take that into consideration if I ever think about getting a credit card. Thank you for sharing your wisdom.
@tubax926
@tubax926 Жыл бұрын
​@@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 Жыл бұрын
why do you know that
@KaseMartin
@KaseMartin 9 ай бұрын
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!😂
@Necnut
@Necnut Жыл бұрын
imagine american express busting your door to harvest your organs to pay for your debt.
@𝑇ℎ𝑎𝑡.𝑀𝑒𝑙𝑎𝑛𝑖𝑒𝐹𝑎𝑛
@𝑇ℎ𝑎𝑡.𝑀𝑒𝑙𝑎𝑛𝑖𝑒𝐹𝑎𝑛 Жыл бұрын
“ YASSS QUEEN” 👑 Im literally dying 💀
@luciagarciacesarcuatro940
@luciagarciacesarcuatro940 Жыл бұрын
True
@Merica_official
@Merica_official Жыл бұрын
Wow sooo funny😐
@bacon7125
@bacon7125 Жыл бұрын
​@@Merica_officialthan why did you comment then?
@gentlemanjones8469
@gentlemanjones8469 Жыл бұрын
​@@bacon7125 Go back to bed, roblox kid
@bacon7125
@bacon7125 Жыл бұрын
@@gentlemanjones8469 whats a bed
@capsaicin938
@capsaicin938 Жыл бұрын
Those screams made bankruptcy sound extremely terrifying
@VoidExpansion
@VoidExpansion 6 ай бұрын
Bro reminded me about the meme "AMERICAN EXPRESS PLATINUM CARD" 💀
@only_valid_opinion1506
@only_valid_opinion1506 11 ай бұрын
Thank goodness, I thought a cowboy would show up, kill me, and then take whatever was on my person 😮‍💨
@HerbertPSherbert
@HerbertPSherbert Жыл бұрын
Who remember "ima pay with my AMERICAN EXPRESS PLATNIUM CARD" meme
@fodkfkdkfkfkfjfjfj
@fodkfkdkfkfkfjfjfj 8 ай бұрын
i never heard of that meme
@You-Can-Call-Me-Coop
@You-Can-Call-Me-Coop Жыл бұрын
8 million dollars in credit card debt, oh I'll just pay with my credit card.
@IamcountachYT
@IamcountachYT 9 ай бұрын
Which one Holmes?
@Damiac12
@Damiac12 8 ай бұрын
Homeless person: allow me to introduce myself
@Cosmic51
@Cosmic51 10 ай бұрын
me when i spend 7 billion dollars with the homies:
@guyplaysgames
@guyplaysgames Жыл бұрын
How to outsmart the tax guy: just say "Do you use credit?"
@user-yv3jy3eo7x
@user-yv3jy3eo7x Жыл бұрын
Use ur credit card to pay off ur credit card 🗿
@ShepTheCreator
@ShepTheCreator Жыл бұрын
Ayo u da messiah
@qvindicator
@qvindicator Жыл бұрын
Basically the American government’s financial logic
@asiansoldier
@asiansoldier 9 ай бұрын
"you owe The amercian express 8 million dollars" *slowly pulls out the american express card*
@CrazyNerdInventor
@CrazyNerdInventor 10 ай бұрын
And then you'll never be able to get a credit card again.
@Himothyedits
@Himothyedits Жыл бұрын
Never let them know your next move: pays the Money with the credit💀😈
@PaulBateman69
@PaulBateman69 Жыл бұрын
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 Жыл бұрын
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
@mAny_oThERSs
@mAny_oThERSs 11 ай бұрын
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.
@railmote2937
@railmote2937 7 ай бұрын
American express gangsta until they owe people 10 billion dollars 💀
@trogo3402
@trogo3402 Жыл бұрын
I’d just flee the country and not pay
@dontbeedgy
@dontbeedgy Жыл бұрын
That's not how that works
@trogo3402
@trogo3402 Жыл бұрын
@@dontbeedgy can’t hear you I’m on a boat to Colombia
@breydensee1593
@breydensee1593 Жыл бұрын
I think you cant take a flight to escape from your country when you're bankrupt
@BocchiSensei
@BocchiSensei Жыл бұрын
​​@@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 Жыл бұрын
@@BocchiSensei I’m only in Colombia to secure easier transport away to the jungle
@StickManGuy
@StickManGuy Жыл бұрын
"you owe us 8 million dollars" "But i dont have money" "Not our problem"
@dontbeedgy
@dontbeedgy Жыл бұрын
It Is their problem.
@noorgaming6470
@noorgaming6470 8 ай бұрын
It's like having like 16GB storage and you download a lot of apps until 1MB storage
@coolmoji
@coolmoji Жыл бұрын
"yAAAAaAaAAAAs qUEEN"
@goofy_ahh_editz9
@goofy_ahh_editz9 Жыл бұрын
Imagine Karens with the American Express Platinum card 💀💀💀
@TankEngine75
@TankEngine75 11 ай бұрын
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)
@Krabnut
@Krabnut Жыл бұрын
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
@Jiub_SN
@Jiub_SN 6 ай бұрын
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
@bunkey1
@bunkey1 11 ай бұрын
Me selling everything I own before going bankrupt so only thing bank gets is my toilet seat
@aq498_old
@aq498_old Жыл бұрын
No one: Lawbymike: transfer all property and stuff to his dad before starting the shopping rapid fire
@RotaryMC24_Hello
@RotaryMC24_Hello 8 ай бұрын
Nawww, not LawbyMike 💀
@mimokader4908
@mimokader4908 Жыл бұрын
"Yasss, Queen!" 💀
@averyz8589
@averyz8589 8 ай бұрын
Remember learning this in 9th grade personal finance
@debop9943
@debop9943 10 ай бұрын
The reason we have a credit score to see how much debt they let us get away with
@AmogUsIsSusRed
@AmogUsIsSusRed Жыл бұрын
Keyword: Usually discharged.
@easyJet_captain
@easyJet_captain Жыл бұрын
Lesson here folks: don’t be greedy and go bankrupt
@jasontaylor2251
@jasontaylor2251 Жыл бұрын
Greed is not the only reason for someone to go bankrupt. There are many reasons like loss of income, high medical expenses, and unaffordable mortgage,
@Alex-ug9wx
@Alex-ug9wx Жыл бұрын
@@jasontaylor2251 as someone living in Europe I literally cant imagine being bankrupt over a hospital bill. Lol how tf do people say that the US is the best country on earth? I mean it’s normally Americans who can’t point to Canada on a map who say this, but people say it nonetheless…
@jasontaylor2251
@jasontaylor2251 Жыл бұрын
@@Alex-ug9wx I'm from Canada! and your right I can't imagine either I agree last year 17% of adult Americans had to declare themselves bankrupt because of medical dept. Only indoctrinated Americans call themselves the greatest. It's just a silly little title that the US gave to themselves..
@anas_md_1000
@anas_md_1000 11 ай бұрын
Animators goin' wild nowadays wtf💀
@therankingworld7627
@therankingworld7627 Жыл бұрын
Theres a way this guy enunciates his words that has me mesmerised
@jimbog119
@jimbog119 Жыл бұрын
I wish I could file for bankruptcy. Stupid 80k student loan just won't go away. Lol.
@jimbog119
@jimbog119 Жыл бұрын
@@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 Жыл бұрын
Why can’t you?
@jimbog119
@jimbog119 Жыл бұрын
@@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.
@no1bandfan
@no1bandfan Жыл бұрын
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 11 ай бұрын
At least you had fun before you went to jail
@Mertree599
@Mertree599 11 ай бұрын
@@xytruxGDthat’s a prisoners mindset
@blabla903
@blabla903 11 ай бұрын
It's not fraud, what the hell are you talking about.
@nito8066
@nito8066 11 ай бұрын
my tutorial has it fixed just say that you expected for thta money from a friend to pay off
@christopherpho9424
@christopherpho9424 8 ай бұрын
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.
@light-da_dimund
@light-da_dimund Жыл бұрын
Which is why i sometimes call it "The Debt-ifier"
@toslaw9615
@toslaw9615 Жыл бұрын
I'd change the laws so the person would be forced into a labor camp or even sold as a slave if they have nothing to pay up their debts.
@bonehaggit
@bonehaggit Жыл бұрын
You love banks that much?
@toslaw9615
@toslaw9615 Жыл бұрын
@@bonehaggit agreement is agreement.
@jart1984
@jart1984 9 ай бұрын
King shit tbh
@retardedstudios4375
@retardedstudios4375 9 ай бұрын
Chill out Stalin.
@TheBestName480
@TheBestName480 Жыл бұрын
(Optional step) Step 1: Sell all your stuff when you get a platinum card Step 2: Give all the money/stuff to a *trustworthy* friend Step 3: File chapter 7 Bankruptcy Step 4: Get the stuff/money from the sold items back now you have the money/stuff back so you can buy back the house, most/all of the items/money back, and with no consequences
@Certified_Epikness
@Certified_Epikness Жыл бұрын
Facts lmao
@TheBestName480
@TheBestName480 Жыл бұрын
@@Certified_Epikness how'd you get here
@Certified_Epikness
@Certified_Epikness Жыл бұрын
@@TheBestName480 because yes
@ibraheemshuaib8954
@ibraheemshuaib8954 11 ай бұрын
And end up in jail for commiting fraud
@CM_2050
@CM_2050 6 ай бұрын
Wo goin to jail with this one 🗣️📢🔥🔥🔥🔥
@seanjun6209
@seanjun6209 11 ай бұрын
as a person with a amex plat, it is pretty darn expensive to get there, but once u do… gosh u get sh*t ton of rewards😂
@ajaysinghrathore1940
@ajaysinghrathore1940 Жыл бұрын
"I declare BANKRUPTCY!!"
@SkeletonAirsoft
@SkeletonAirsoft Жыл бұрын
Sometimes when you're in debt when they sell your stuff they'll even strip you of your clothes
@figbloppa7183
@figbloppa7183 Жыл бұрын
This reminds me of what nintendo did to that one guy
@dreamix2023
@dreamix2023 5 ай бұрын
The "yaaas queeen" though 💀
@Destinyxxstars
@Destinyxxstars 11 ай бұрын
You have taught us something school hasn't taught us :>
@studiesmadeez9271
@studiesmadeez9271 10 ай бұрын
so you never heard about differences b/w credit card and debit card in lower classes. wow
@Angelisstupid
@Angelisstupid 10 ай бұрын
School taught me this in the 7th grade
@SpiderKidwarzone
@SpiderKidwarzone Жыл бұрын
She deserved it though
@infamous1925
@infamous1925 Жыл бұрын
Buys company with credit card
@MohammedMohammed-ho4my
@MohammedMohammed-ho4my 6 ай бұрын
Hakimi us cooking with this one 🔥🔥🔥
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