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Are you referring to America? Well, infact, a number of things could happen.
First of all, bankrupcy is highly unlikely. Especially in todays world. Usually when a country finds themselves heading in a direction where the government can no longer support a failing economy the first thing they will do is meet with other nations to form trade agreements to increase trade. For example, Country A, might meet with Country B and ask Country B to lift customs fees/tariffs to increase imports of Country A's goods.
If this fails, they will then seek loans from other countries. Usually this will be their allies since in peace agreements they usually, not only include military peace but also include economic peace which means the other country will bail them out.
If that fails then they will seek assistance from other countries and for something that their country has to offer in return. For example, Country B agress to assist Country A with financial assistance if Country A allows Country B to use a military base(s) in Country A's jurisdiction. It also means that Country B would have a HUGE influence over Country A's political position and 'world view.'
IF THAT FAILS...
1) The Stock Market will crash and credit will seize
2) All financial institutions will fail
3) All government funded programs will end (such as medicaid, defense, police, education, infrastruture support like roads, utilities etc)
4) Business will close and jobs will be lost
5) There will be mass rioting (and no police to stop the rioters or fire fighters to fight the fire)
6) Everyone will start killing each other for food
7) The rich will buy the country and turn a democracy into a Dictatorship
As of March 1 the American government will be bankrupt
Before #1-7 can happen, the US will simply default on its debt. For an example of what happens then, see Argentina.
What else can I help you with?
What happens to my money if the bank goes bankrupt?
If a bank goes bankrupt, your money is typically protected up to a certain limit by the government through deposit insurance. This means you should be able to recover your funds, but it may take some time and there could be restrictions on the amount you can access. It's important to check the deposit insurance limits in your country to understand how your money is protected.
What happens to my money if a bank goes bankrupt?
If a bank goes bankrupt, your money is typically protected up to a certain limit by the government through deposit insurance. This means you should be able to recover your funds, but it may take some time and there could be restrictions on the amount you can access.
What happens to your money if a bank goes bankrupt?
If a bank goes bankrupt, the money you have deposited in that bank may be protected up to a certain limit by the government's deposit insurance program. However, if the bank's assets are not enough to cover all its debts, you may lose some or all of your money. It is important to check the deposit insurance limits in your country and spread your money across different banks to reduce the risk of losing it all in case of a bank failure.
What happens if a bank goes bankrupt?
If a bank goes bankrupt, it means that it is unable to meet its financial obligations and may be forced to close. Depositors may lose their money, but most countries have deposit insurance to protect a certain amount of funds. The government may step in to bail out the bank or facilitate its orderly closure to minimize the impact on the financial system.
What happens if a bank goes bankrupt and how does it impact customers and the financial system?
If a bank goes bankrupt, it means it is unable to meet its financial obligations and may be closed down. This can impact customers as they may lose their deposits if the bank is unable to repay them. It can also have a ripple effect on the financial system, causing instability and potentially leading to a domino effect on other banks and institutions.
What happens to the government if a company goes bankrupt?
Nothing.
What happens if your city goes bankrupt?
It can not pay its employees or pay for its services.
What happens to a player's properties if they go bankrupt in Monopoly?
When a player goes bankrupt in Monopoly, all of their properties and assets are returned to the bank.
What happens to your warranty when a company goes bankrupt?
If the Bankrupt company is just the retailer then the warranty is still covered by the manufacturer. If the manufacturer goes bankrupt then the retailer covers the warranty. The seller is responsible for a warranty. Clearly if the seller is the manufacturer and they go bankrupt then it's most unlikely that the warranty will remain in force.
What happens to my loan if a bank goes bankrupt?
If a bank goes bankrupt, your loan may be transferred to another financial institution or a government agency. You will still be responsible for repaying the loan, but the terms and conditions may change.
What happens to my money if the bank goes bankrupt?
If a bank goes bankrupt, your money is typically protected up to a certain limit by the government through deposit insurance. This means you should be able to recover your funds, but it may take some time and there could be restrictions on the amount you can access. It's important to check the deposit insurance limits in your country to understand how your money is protected.
What happens to a publicly traded company when its stock goes to zero?
you can claim a CAPITAL GAIN LOSS ON YOUR TAX RETURN FOR THE YEAR IF THE COMPANY GOES BANKRUPT that's it.
What happens to your 401k if AIG goes bankrupt?
I have a claim on a car insurance policy with AIG. What are the chances of this claim being met?
What happens to a loan if the bank that issued it goes bankrupt?
If the bank that issued a loan goes bankrupt, the loan may be transferred to another financial institution or a government agency. The borrower is still responsible for repaying the loan, but the terms and conditions may change.
What will bankrupt solve?
When one goes bankrupt, one's debts are cancelled.
What happens if a short seller goes bankrupt?
If a short seller goes bankrupt, they may not be able to cover their short positions, leading to potential losses for them and their investors. This could also impact the broader market if the short seller's positions were significant enough to cause disruptions.
What happens when a business goes bankrupt?
When a business goes bankrupt, it means that it is unable to pay its debts and obligations. The business may be forced to close down, its assets may be sold to pay off creditors, and it may be subject to legal proceedings to resolve its financial issues.
