What is bankruptcy?

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!