If only you knew how bad things really are

[Anonymous No.54054167]

>I have 10 million USD deposited with Silicon Valley Bank.
>Now that they are liquidated, let's say I get to recover FDIC insured 0.25 million
>plus 5.75 million, total 6 million.
>At the same time, I owe Silicon Valley Bank 4 million dollars.
>What happens?
>Do the unrecovered deposits and loan cancel each other out?
>Or do I have to pay them back 4 million?


Your liabilities are not canceled out with your claims automatically. If this is a real story, it's best to talk to a lawyer familiar with bankruptcy proceedings.
You still owe money to whoever owns the bankrupt bank now - that is, to the State of California. This debt stands to be collected.
During the bankruptcy, your claim will be resolved in order of priority. After FDIC payout, the rest of your deposit will be priority unsecured debt. It is prioritized after priority payments and secured debts, but before non-priority unsecured debt.
It is theoretically possible to lose the full deposit and still be liable for the debt.

[Anonymous No.54054254]

>>54054167
Intro to Judaism

[Anonymous No.54054276]

>>54054167
I lost your money, but you still owe me bro

[Anonymous No.54054407]

>It is theoretically possible to lose the full deposit and still be liable for the debt.

[Anonymous No.54054595]

>>54054167
This is the most jewish shit i have ever read in my life

[Anonymous No.54054615]

>>54054407
Government is gonna sell your debt to another bank, which means you won’t owe SVB anymore but some other bank.

You can always claim bankruptcy and wipe it out that way.

[Anonymous No.54054651]

>>54054167
Remind me which talmud verse is this? It's beautiful

[Anonymous No.54054726]

>>54054254
*Askenazism

Judah was a black Hebrew man.

[Anonymous No.54054964]

i miss him so much bros