Honda asked:
If major banks go bankrupt then what will happen to their debt? In other words, if a person owns couple thousands of dollars in credit card debts and the banks go under, is there still obligation to pay the debt?
If major banks go bankrupt then what will happen to their debt? In other words, if a person owns couple thousands of dollars in credit card debts and the banks go under, is there still obligation to pay the debt?
(This is theoretically question)
dont pay help them sink they deserve it.
The goverment will take over if no other bank buys them over.
It is highly unlikely that no other bank will buy them.
If the gvt takes over you will not be able to touch your money for a work day at most.
They will issue you the amount of your balance.
Do not throw away your lastest bank statement.
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