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Episode 40 - Bankruptcy is Odd

Crushing Debt Podcast

Release Date: 11/18/2016

Money Habit World Cup - Episode 522 show art Money Habit World Cup - Episode 522

Crushing Debt Podcast

Back in March (episode 507), we did a show about the "Sweet 16" worst money habits to see which was the worst for your wallet and budget.  We decided to bring that episode back, but with 16 new "bad" money habits based on a World Cup-style seeding. Group A: Everyday Leaks Subscription creep Food delivery apps Impulse buys ("just this once") Convenience store runs Group B: Big Ticket Traps Buy Now, Pay Later (BNPL) Car payment stretching (72–84 month loans) Lifestyle creep after a raise "It's an investment" purchases (boat, timeshare, unused home gym) Group C: Emotional Spending ...

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Why Paying Off Debt Won't Make You Rich - Episode 521 show art Why Paying Off Debt Won't Make You Rich - Episode 521

Crushing Debt Podcast

Why will paying off debt not make you wealthy? What is the tax trap inside your debt payoff plan? What is the difference between being debt-free and financially free? Most business owners who end up in financial crisis did not get there because they failed to earn enough. They got there because nobody ever showed them how to keep what they earned. Revenue is not wealth, and that gap is where the real damage happens. This week's guest on the podcast is Rachid Barry, and for 11 years he has helped entrepreneurs and high-income professionals build financial systems that reduce cash leakage,...

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The Cost of Staying Healthy - Episode 520 show art The Cost of Staying Healthy - Episode 520

Crushing Debt Podcast

What are the known and hidden costs of getting sick? What about a medical emergency? Are you prepared for the cost of unexpected health issues and how can you protect yourself, your family, and your bank account? On this week's episode of the Crushing Debt Podcast, Shawn & George talk about Shawn's son, who broke his arm recently, requiring surgery to fix.  His son is expected to make a full recovery but the incident taught Shawn a few things about the costs of staying healthy and what to do when an accident happens, including known and hidden costs like: Emergency Room visit X-Rays...

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The Employment Benefit No One Talks About - Episode 519 show art The Employment Benefit No One Talks About - Episode 519

Crushing Debt Podcast

Are money problems spilling over to work? What can you do for your employees to reduce stress?  Reduce down time? What can you do for employee retention? What is a "stop for this" purchase? As an employer, how can you reduce the chance that you get asked to give advances of payroll to employees? In this week's episode of the Crushing Debt Podcast, Shawn & George talk to Barry Sanborn about the cost of employee turnover, and what to do about it. Barry is the founder of Sanborn Financial Coaching, LLC, in Joplin, Missouri. He started his business on June 1, 2021, to help...

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The Real Cost of Keeping Up With Summer! - Episode 518 show art The Real Cost of Keeping Up With Summer! - Episode 518

Crushing Debt Podcast

What are some of your more expensive habits? What impact does summer have on your spending? In this week's episode of the podcast, Shawn & George talk about summer's most expensive habits, including: Weddings / Vacations / Family Outings Summer Camps & Kids Activities Concerts Home Improvement Projects Pets Subscriptions Back to School Shopping Cost of Living Changes What other summer spending habits do you have? Let us know if you enjoy this episode and, if so, please share it with your friends! Or, you can support the show by visiting our Patreon page:    To contact...

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Emergency Funds & Emergency Snacks! - Episode 517 show art Emergency Funds & Emergency Snacks! - Episode 517

Crushing Debt Podcast

It is officially  the start of Hurricane Season in Florida! Are you prepared? What are some funny hurricane truths? How much water should you have?  Toilet paper? Flash lights and batteries? How should you prepare your family and your business for the financial impact of a storm? On this week's episode of The Crushing Debt Podcast, Shawn & George talk about these topics, including whether you are financially ready personally and professionally for a storm, what you need to know or do to protect your family and your business, all with our unique Crushing Debt spin! Let us know if...

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Breaking The Stigma - Episode 516 show art Breaking The Stigma - Episode 516

Crushing Debt Podcast

Why do people think bankruptcy is bad? True, it has a negative stigma and it will be a hit to your credit score, but why is bankruptcy perceived as a massive negative? Is bankruptcy the best solution for everyone?  Put simply, no it is not, but it is better than most people will admit. On this week's episode of The Crushing Debt Podccast, Shawn and George talk about rising debt levels, rising gas prices, rising grocery prices ... prices increasing everywhere, and what that means for someone considering bankruptcy. Plus what are some of the negatives of waiting too long to file?  What...

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Freedom Isn't Free and Neither is the BBQ - Episode 515 show art Freedom Isn't Free and Neither is the BBQ - Episode 515

Crushing Debt Podcast

Are you celebrating your freedom this weekend?   Or are you still trapped by debt? Or are you spending like you're out of control? Memorial Day weekend is here… The grills are out, the coolers are full… and somehow your bank account is empty by Tuesday.  Memorial Day isn’t just a long weekend. It’s about honoring those who gave everything. Freedom comes with a cost. What are you doing with the freedom we've been given ... not here to judge, just here to help you think about it differently.   In this week's episode, Shawn & George talk...

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Thirty Day Reset - How to Get Finances Back on Track Before Summer! - Episode 514 show art Thirty Day Reset - How to Get Finances Back on Track Before Summer! - Episode 514

Crushing Debt Podcast

How is that summer body, bathing suit body coming along? Every year around this time… people start talking about getting their summer body ready; eating better… hitting the gym… cutting back… but nobody’s talking about their summer budget. Just like your body, if you ignore it all year and panic in May, things get uncomfortable real fast! Summer bodies vs. summer budgets! On this week's episode of the Crushing Debt Podcast, Shawn & George talk about how to get back on track with your finances as we approach summer, including Things that prevent you from getting your finances...

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Financial Advice Your Rich Uncle Should Not Be Giving You! - Episode 513 show art Financial Advice Your Rich Uncle Should Not Be Giving You! - Episode 513

Crushing Debt Podcast

What is one piece of advice you received that is really useful? What about advice that you would rather ignore? On today's episode of The Crushing Debt Podcast, as Graduation 2026 nears closer, Shawn & George talk about financial advice you may have received - good, bad or otherwise - like: Follow your passion Do what you love Take risks while you're young Money will come later You deserve it - put it on a card What advice should you follow?  What should you ignore? Let us know if you enjoy this episode and, if so, please share it with your friends! Or, you can support the show by...

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More Episodes

In this week's episode of the podcast, we discuss bankruptcy and why it is broken into all odd-numbered chapters, except for one even-numbered chapter. We also go into a little detail about the differences between all of the bankruptcy chapters.

We hope you enjoy this week's episode. Please let us know if you have any questions, comments or topics you want us to cover in future episodes.

Shawn@YesnerLaw.com

www.YesnerLaw.com