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Old April 12th, 2008, 20:59   #9
killbilly
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Join Date: Jul 2006
Location: Austin, TX
Posts: 3,174
Default Re: No Wachovia Loans for a while

Quote:
Originally Posted by ftyflyboy View Post
How does a non-profit organization go bankrupt?
No sarcasm tag, so I'm not sure if you're serious. They just can't make a profit - doesn't mean they can operate at a loss. They have bills to pay like anyone else.

Quote:
Originally Posted by pipepatrol View Post
Is my balance reduced to $0 if they are bankrupt?
No sarcasm tag here either.

Someone will buy up the debt. You'll start paying them - may be under a new name, but when you owe, someone is always willing to collect.

EDIT - Clocks beat me to it by about a minute...
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