If your bank defaults and gets liquidated another bank will purchase the debt for pennies on the dollar, you will still owe back on that loan that is under contract with the purchasing bank or institution.

Thats what I remember from a while back, but it's worth researching into.

This is in relation to the current central banking industry. Once the central bank goes down it could be very different.

If your bank defaults and gets liquidated another bank will purchase the debt for pennies on the dollar, you will still owe back on that loan that is under contract with the purchasing bank or institution.

Thats what I remember from a while back, but it's worth researching into.