How to repair a bankrupt country By Alex Merced Well continuing with the balance sheet analogy of my previous post, how does a bankrupt company survive bankruptcy and what is bankruptcy. In order for a company to survive it must have enough assets to pay of it's creditors which are part of it's...
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Alex Merced
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Thu, Apr 15 2010
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Filed under: Public Sector, Private Sector, Equity, Balance Sheet, Liabilities, USA, Country, Forgive, Debt, Bankrupt
The Economy is Like a Balance Sheet by Alex Merced Everyone Company and Person has a balance sheet. The balance sheet is made up of two sides: One side has all the assets which is all the stuff the entity has ownership (control of) this can be cash, goods, intangiables, etc. More assets is better than...