Reset Country (Kebir Blue)

What happens when a country resets?
Does all the debt cancel out?
Will the population of 40M people suddenly die and go to about 8M?
Will some corporations close, or eventually build some new ones?
What happens to its military assets?
Do they go back on the market or just stay there until another country takes it over?

1. It becomes a C3
2. Yes
3. Yes
4. Possibly, private corps stay.
5. Gone
6. See #5

Does a C3 regularly reset itself?
If so, how often?

can the devs stop resets i dont like reset-games