November 17th, 2008 by Questions
Is loosing money in stock market a common reason for bankruptcy? Does it fall under gambling ?
Posted from: British Columbia
November 17, 2008 at 9:59 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
The loss of money in the stock market is definately a reason for bankruptcy. I have seen a number of cases over the years with this cause.
As for what this would be categorized under, I wouldn’t put it under gambling, I don’t believe that would be a proper description. I think this is a separate category.
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