The city almost went bankrupt a few years ago, but was bailed out by the state last minute.

Originally posted by @Steve Vaughan:I wouldn't do this forbearance thing lightly.I can see future 1003 Universal Loan Applications asking this in the VIII Declarations:Been declared bankrupt?

@Brandon Hopkins   I don't think we would be bankrupt with no mortgage payment, but, we certainly could become very uncomfortable and stressed out.  

Well that's very stereotypical of both of you... anyways there likely will be a lot of opportunities after the crisis abates, although that comes from the unfortunate reality that many people are going to be bankrupt by this thing (https://www.independent.co.uk/voices/coronavirus-deaths-trump-stock-market-pandemic-economy-bankrupt-italy-a9394891.html).

You almost have to start swinging a club to understand what's being discussed, but new construction will bankrupt you if you make very many mistakes. 

If a person files as bankrupt do you lose all of your investment?

Is he really already bankrupt?!?

Go bankrupt?

Well...they are all bankrupt now.Learn from history...and those who don't learn from history are bound to repeat its mistakes.

Hi, BP--let me know if there's any deal to be constructed from the following:I talked to a private seller the other day who has a vacant, fire damaged 2F in town. He's been an absentee owner for a number of years, tr...