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You are really keen on stocks. However, you do not like stocks with regard to claims on assets.
What is Bankruptcy?
- A person or business may file for bankruptcy if they are unable to pay their debts or other commitments.
- A petition is filed, either on behalf of the debtor, which is more often, or on behalf of creditors, which is less frequent, to start the bankruptcy process.
- All of the debtor's assets have been measured and assessed, and some or all of the debt may be repaid with the help of the assets.
- Although declaring bankruptcy can provide you a fresh start, it will remain on your credit reports for a while and make it more challenging for you to obtain money in the future.
What are Stocks?
- A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company.
- Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
- Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges.
- Government standards designed to shield investors from dishonest tactics must be followed during stock trades.
What is Investment?
- A purchase made with the intention of creating income or capital growth is known as an investment.
- An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
- An investment always entails the expenditure of some capital—time, effort, money, or an asset—today with the expectation of a future return higher than the initial investment.
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