Bankruptcy (Little Upsilon)

How does a state go into bankruptcy?
And what happens when a country goes into bankruptcy? Do lenders lose all their money?

i think im goin for bankruptcy my assets r like -6000 B SC$

Greetings to Peter0386 of Little Upsilon, and David Hughes of Little Upsilon this topic is a asking a good question. Especially in these rough economic times with everyone experiencing shortages of wokers, of game cash and of profits. I went to an earlier edition of the game news and found these two articles that I believe will answer your questions. Also there is another thread at Security Council Aid V for presidents who need help on Little Upsilon.

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March 5, 2008
119. Bankrupted Enterprises [ top ]
Enterprises will bankrupt is their debt increases beyond 60 T. All countries and enterprises are warned many times before any such move takes place. There is always a very long time available for cleaning up debt before any bankruptcy may take place.

February 6, 2008
132. Bankruptcy Rules [ top ]
New member countries are bankrupted when their debt is at 30 T for empire members and 60 T for empire leaders. In practice, new members are never bankrupted. It is hard to create such debt within the initial playing period.

Full member countries, that are non-leader part of an empire, are bankrupted if net cash (cash less debt) is -50T or worse. Messages are shown on login when the total goes under -30 T. Warnings will keep coming up to 5 times, one message following each login.

Messages are sent to the empire leader, each game month, when the total goes under -30 T. If no action is taken to correct the situation, the country will bankrupt.

Full member leader countries, are bankrupted if net cash is -100T or worse Messages are shown on login when the total goes under -60 T.

Messages are sent to the empire leader, each game month, when the total goes under -60 T. If no action is taken to correct the situation, the country will bankrupt.

All countries bankrupt without further notice if net cash (cash less loans) is under -140 T.

When a country is bankrupted all its loans and cash are transferred to the empire leader.<!-/Quote-!>

Kanzler Nute Gunray
President of CHAIN GANG on Little Upsilon
Security Council Member on Little Upsilon
Chairman of THE BLUE TEAM FEDERATION ON Little Upsilon

Nute

I was wondering about rebelloins.If you can't straighten it out what happens ?
does the country Default to a C3 and reset?
and if it does and it has loans do they get transfered to your main..
or is it like taking a country with Loans the loans become the new owners?

I would wish you high profits but in this turbulent time Profits are iffy