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Bankruptcy has been around a long time...in the US the laws are actually part of the Constitution.... Banks have failed for a very long time too...dating back to rescessions of the late 1700s and later, certainly thousands in the great depression, and since...including the fiasco of the 1980s...etc.

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16y ago

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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.


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.


In the time of global recession what is the actual purpose of HRM?

In this time of global recession what is the actual purpose of HRM? vens...


What is global recession?

Global recession is a period of economic slowdown. The Great Depression and Great Recession are two periods in time that experienced global recession.


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.


Why is the United States bankrupt?

The U.S. is not bankrupt.... just over-extended. ;-)


What airline companies have gone bankrupt due to the credit crunch?

BMI baby went bankrupt for a period of time, and then it was airtours.


In which year did General motors go bankrupt?

General Motors has gone bankrupt six months ago/////they are not bankrupt they just ment under the protection of the court to give them time to reorganize


Are there any problems getting bank loans?

Yes there are two main problems in getting a bank loan, one is you should have a job as you must show your salary slip , it is not easy at this time of recession going on. And the other problem is you must find a willing garanteer.


What is the difference between recession, depression, and inflation?

Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.


Where can one find first time buyer home loans?

There are many banks where one can find a loan for first time buyers, including Chase Bank, Wells Fargo Bank, US Bank, The Fannie Mae Foundation, and The Federal Savings Bank.


What banks offer first time home loan?

There are a number of banks that offer customers first time home loans. Some banks to offer this service include 'US Bank', 'Standard Bank' and 'Bank of America'.

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