A Real Look of Bankruptcy: It Is Actually Not Scary but Somehow Helpful

This video will introduce what is Bankruptcy and estimate how Evergrande goes by comparing it with Lehman. Around Sep 13th, Evergrande’s investors surrounded the headquarters in protest for a total of 40 billion yuan of wealth management products the company owed. Therefore people doubted whether it would go bankrupt or not. Also, as it is a huge corporation, someone thought it would be another Lehman moment in China if it falls. So let's talk about it by introducing what is bankruptcy first. Thank you. Attributions: music: Tropical Fever by LiQWYD & Luke Bergs https://soundcloud.com/liqwyd https://soundcloud.com/bergscloud Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 Free Download / Stream: https://bit.ly/3k9yNL4 Music promoted by Audio Library https://youtu.be/aCcpBm8SEXI pictures&photos: title: File:Washington Mutual Bank.jpg under (CC BY 2.0) creator/author: Lawrence https://www.flickr.com/photos/ecnerwal/ link to the license: https://creativecommons.org/licenses/by/2.0/deed.en link: https://commons.wikimedia.org/wiki/File:Washington_Mutual_Bank.jpg no change made title: File:HK WC 灣仔 Wan Chai 分域街 Fenwick Street 中國恆大中心 China Evergrande Centre Led sign night June 2020 SS2 01.jpg under (CC BY-SA 4.0) creator:Essnglkoerm Huong https://commons.wikimedia.org/wiki/User:Essnglkoerm_Huong link to the license:https://creativecommons.org/licenses/by-sa/4.0/deed.en link:https://commons.wikimedia.org/wiki/File:HK_WC_灣仔_Wan_Chai_分域街_Fenwick_Street_中國恆大中心_China_Evergrande_Centre_Led_sign_night_June_2020_SS2_01.jpg no change made title:File:MSJE exhibit image, Cotton.jpg under (CC BY-SA 4.0) creator:Willie Sklar https://commons.wikimedia.org/w/index.php?title=User:Willie_Sklar&action=edit&redlink=1 link to the license:https://creativecommons.org/licenses/by-sa/4.0/deed.en link: https://en.m.wikipedia.org/wiki/File:MSJE_exhibit_image,_Cotton.jpg no change made title:Lehman Brothers Collapse (CC BY-SA 2.0) creator:Patrick Stahl https://www.flickr.com/photos/pdstahl/ link to the License:https://creativecommons.org/licenses/by-sa/2.0/ link:https://www.flickr.com/photos/pdstahl/2867547931 no change made title:File:Subprime Crisis.jpg under (CC BY-SA 3.0) creator:Wikiwonka42 https://commons.wikimedia.org/w/index.php?title=User:Wikiwonka42&action=edit&redlink=1 license: https://creativecommons.org/licenses/by-sa/3.0/deed.en https://commons.wikimedia.org/wiki/Commons:GNU_Free_Documentation_License,_version_1.2 link: https://commons.wikimedia.org/wiki/File:Subprime_Crisis.jpg no change made title:File:BearStearns.JPG under (CC BY 2.5) creator:David Shankbone https://en.wikipedia.org/wiki/User:David_Shankbone license: https://creativecommons.org/licenses/by/2.5/deed.en link:https://commons.wikimedia.org/wiki/File:BearStearns.JPG no change made title:Lehman Brothers Collapse under (CC BY-SA 2.0) creator: Patrick Stahl https://www.flickr.com/photos/pdstahl/ license:https://creativecommons.org/licenses/by-sa/2.0/ link:https://www.flickr.com/photos/pdstahl/2868381012 no change made title:File:HK 金鐘 Admiralty 夏慤道 Harcourt Road Gloucester Road China Evergrande Centre September 2020 SS2 06.jpg under (CC BY-SA 4.0) creator/author: Chorzinghuam 2 https://commons.wikimedia.org/wiki/User:Chorzinghuam_2 license:https://creativecommons.org/licenses/by-sa/4.0/deed.en link:https://commons.wikimedia.org/wiki/File:HK_金鐘_Admiralty_夏慤道_Harcourt_Road_Gloucester_Road_China_Evergrande_Centre_September_2020_SS2_06.jpg no change made title: Portrack House (Infrared) under (CC BY 2.0) creator: James Johnstone https://www.flickr.com/photos/jetjohn/ license:https://creativecommons.org/licenses/by/2.0/ link:https://www.flickr.com/photos/jetjohn/33421739748 no change made title:File:Vault at Poughkeepsie Savings Bank decorated by Bernie Sanders campaign.jpg under (CC BY-SA 3.0) creator: Daniel Case https://commons.wikimedia.org/wiki/User:Daniel_Case license:https://commons.wikimedia.org/wiki/Commons:GNU_Free_Documentation_License,_version_1.2 https://creativecommons.org/licenses/by-sa/3.0/deed.zh link:https://zh.wikipedia