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here's an interesting thought experiment.. what happens to your loan when your bank goes bankrupt ?
by o-__-o 7y ago
here's an interesting thought experiment.. what happens to your loan when your bank goes bankrupt ?
- rswail 7y agoYour loan is an asset of the bank. The administrators or liquidators of the bank can sell that asset to someone else. Or the entire bank can be purchased/merged in which case your loan becomes an asset on the purchaser's balance sheet. Bankruptcy doesn't mean "all bets are off".