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You still owe money.

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16y ago

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What happens to my money if a bank goes under?

If a bank goes under, your money is typically protected up to a certain amount by the government through the Federal Deposit Insurance Corporation (FDIC). This means you should be able to recover your funds, up to the insured limit, even if the bank fails.


What happens to my money if my bank goes bankrupt?

If your bank goes bankrupt, your money is typically protected by the government up to a certain limit, usually around 250,000 per depositor per bank. This means you should still be able to recover your funds, but it may take some time and paperwork to do so.


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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 to my money if a bank goes bankrupt?

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If a company goes into a Chapter 11 owing your company money, you need to submit a claim to the bankruptcy court yesterday.


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