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Bankruptsy procedure

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From: Aries
This Post:
00
319792.1
Date: 8/20/2023 2:37:49 PM
Mindsilvania
III.3
Overall Posts Rated:
3737
Second Team:
Mindsilvania Mindfuckers
Hello,

How does bankruptsy procedure work once the two weeks of being over -500k end and all my players are in a transfer list at the moment of update?
1. Will it override their starting bids and put them to $0
2. Will wait out their transfer listing period and then put them to $0
3. Will count the listing as the last chance to get out debt and will not put them at $0 after

From: Aries

This Post:
00
319792.3 in reply to 319792.2
Date: 8/20/2023 4:45:52 PM
Mindsilvania
III.3
Overall Posts Rated:
3737
Second Team:
Mindsilvania Mindfuckers
Guess ill be the lab rat and will find out soon enough. Wish me luck!

This Post:
00
319792.4 in reply to 319792.2
Date: 8/20/2023 4:48:25 PM
NakamichiDragons
II.3
Overall Posts Rated:
21042104
Second Team:
Little Computer People
When did you receive the bancruptcy-warning? Two weeks ago or are you awaiting the start of the procedure?

From the rules:

Debt and bankruptcy are the first items calculated in the economic update each week. "Available cash after bids" does not count as money for the purposes of computing bankruptcy or the 5% interest penalty on a negative balance. Players must sell prior to the weekly economic update for these credits to pull you out of bankruptcy.

founded in S3 IV.5 (34234) - returned in S28 IV.7 (34515)
From: Aries

This Post:
33
319792.5 in reply to 319792.2
Date: 8/21/2023 1:05:45 AM
Mindsilvania
III.3
Overall Posts Rated:
3737
Second Team:
Mindsilvania Mindfuckers
Ok so what happens is game overrides their transfer listings and puts them at 0 dollars with totally different times spread out in 24 hour window. Except if someone already has made an active bid, then it leaves them alone. Also you have until next economic update to get below -500k and not at the end of transfer listings.

Last edited by Aries at 8/21/2023 1:20:51 AM