Bankruptcy Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ==Effective sovereign bankruptcy== Technically, states do not collapse directly due to a [[sovereign default]] event itself. However, the tumultuous events that follow may bring down the state, so in common language, states would be described as being bankrupted. An example of this is when a Korean state bankrupted Imperial China causing its destruction, or more specifically, when [[Chang'an]]'s ([[Sui Dynasty]]) war with [[Pyongyang]] ([[Goguryeo]]) in 614 A.D. ended in the former's disintegration within 4 years, although the latter also seemingly entered into decline and fell some 56 years later.<ref>"Koguryo". Encyclopædia Britannica. Retrieved October 15, 2013.</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page