What happens next if a country goes bankrupt?

Which are the following legal steps that the government should take if a country declares bankruptcy?

Other answer:

Riste:
argentina 2001
Cathy:
nations cannot "declare bankruptcy"! bankruptcy is a personal or corporate issue only, that gives complete control over the individual's (or corporation's) assets & revenues to a court………………………………..
Barbara:
nations cannot "declare bankruptcy"! bankruptcy is a personal or corporate issue only, that gives complete control over the individual's (or corporation's) assets & revenues to a court………………………
Brenda:
nations cannot "declare bankruptcy"! bankruptcy is a personal or corporate issue only, that gives complete control over the individual's (or corporation's) assets & revenues to a court………………………
Valerie:
nations cannot "declare bankruptcy"! bankruptcy is a personal or corporate issue only, that gives complete control over the individual's (or corporation's) assets & revenues to a court………
Gretchen:
argentina 2001
Thereem:
Argentina 2001
Bob:
They USA government can't go bankrupt. We are ALREADY 19 TRILLION dollars in debt thanks to President Obama.. the good news is that the government can continue to just print money
Pork-chop of Doom:
Nations cannot "declare bankruptcy"! Bankruptcy is a personal or corporate issue only, that gives complete control over the individual's (or corporation's) assets & revenues to a Court…
Love big words:
Shut off the water
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