Bankruptcy in Monopoly the Board Game

Bankruptcy in Monopoly the Board Game
A player is declared bankrupt when they owe more money than they can pay to either the bank or another player. Bankruptcy can be confusing for all players involved if the rules are not understood. Not adhering to the rules of bankruptcy is yet another way to mess up the mechanics of game play. For this reason, I am going to explain in detail exactly how the process of bankruptcy is supposed to work. These rules should be followed exactly. If a player owes a debt and they cannot pay, the rules are pretty straight forward. You simply surrender all of your assets to the bank. With the exception of buildings of any property turned in, is immediately auctioned off one by one to the remaining players. If one player’s debt is to another player, things can get a little more confusing, so listen closely. First the bankrupt player gives all the money he has to his creditor. Next the bankrupt player must sell all his billings back to the back and also give that money that he gets from the bank to the creditor. All property owned by the bankrupt player also goes to the player owed the debt. If a property is mortgaged, the creditor has a choice. If he is not interested in a property, it then goes up for auction by the bank. However, if the player does want the property he must immediately pay the interest of a loan which is 10 percent of the value of the property. The new owner may then choose whether he would like to pay the principal which is the amount of the mortgage. Upon doing this, the mortgage is then lifted from the property. If the new owner has chosen not to pay the principal, they may at any point later in the game to decide to pay it and lift the mortgage. If the player does this, they must interest on the property a second time.