Stores Going Bankrupt – Why Does It Matter?
By on March 4, 2011. 

Circuit City, Mervyn’s and now Borders. All three went into bankruptcy but had completely different outcomes. In our latest video, we’ll talk about the two main types of business bankruptcy (Chapter 7 and Chapter 11) and why consumers ultimately lose in the end.

(Video is available in 720p and 1080p HD. Be sure to check it out in HD!)

Additional Resources & Notes
Transcript is not available.
Bobby is creator and host of 2 Minute Finance. Check out the about page to learn more about Bobby.