Mr. Akela

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


One Response to “Mr. Akela”

, 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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