If any Government becomes bankrupt like the Government of Louis XVI, w

1.	If any Government becomes bankrupt like the Government of Louis XVI, what measures do you think are required to overcome the crisis?
Answer» To avoid Bankruptcy the following steps can be followed: (i) Maximize the Revenue (ii) Attend mandatory credit counseling (iii) Make ongoing payments to creditors (iv) Attend mandatory financial-management education (v) Make a Debt Management Plan (vi) Settle some (or all) of the Debts (vii) Stay out of Debts

If any Government becomes bankrupt like the Government of Louis XVI, what measures do you think are required to overcome the crisis?

Answer»

To avoid Bankruptcy the following steps can be followed:

(i) Maximize the Revenue

(ii) Attend mandatory credit counseling

(iii) Make ongoing payments to creditors

(iv) Attend mandatory financial-management education

(v) Make a Debt Management Plan

(vi) Settle some (or all) of the Debts

(vii) Stay out of Debts