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Bankruptcy warning

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87024.1
Date: 4/22/2009 4:27:26 PM
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Hi all,

at the last econmic update I was over 500k in debt but also had an open bid on one of my players. The bidding was to end 2 days after the update and the bid would have put me under the debt limit.

Am I right in assuming that open bids count towards to 500 limit?

I did not receive any bankruptcy warning..is there such a thing, e.g. does Buzzerbeater warn you per mail/status info that you have 2 weeks to get your finances cleared up?

Thanks in advance for your help..would hate to go broke!
SP

This Post:
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87024.2 in reply to 87024.1
Date: 4/23/2009 12:27:29 PM
Overall Posts Rated:
1919
The economic updates on Monday only consider the current economic status (and not any open bids). Thus, if you are currently at - $200k but another team has a bid on your player for $300k (making your balance $100k) that is closing on Tuesday, you will still have to pay interest on the $200k.

And yes, you are supposed to get an email warning to clear up your finances. I actually received one a couple of weeks involving a situation similar to yours.

From: Avirto

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87024.3 in reply to 87024.2
Date: 4/23/2009 7:08:24 PM
Overall Posts Rated:
11
I hope that I will never get such mail at BB.
I am receiving such emails every week from my bank;)

From: JayC

This Post:
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87024.5 in reply to 87024.3
Date: 4/24/2009 8:49:39 AM
Overall Posts Rated:
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haha ;D

From: jbmcrock

This Post:
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87024.7 in reply to 87024.6
Date: 4/24/2009 3:04:07 PM
Overall Posts Rated:
1919
you only pay interest at the economic update on Monday morning if there is a negative balance.

From: Thijs

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87024.9 in reply to 87024.8
Date: 4/25/2009 4:46:54 AM
Overall Posts Rated:
9292
Correct.