If after 2 weeks you haven't been able to reduce your debt to less than the permitted limit you will declared bankrupt and you will lose your team.
If you do manage to sort out the financial situation, you can continue to play as normal.
From an official Hattrick announcement:
|25.08.2006 Bankruptcy change|
|The Hattrick Football Association (HFA) has had enough of supporting players in bankrupted teams.
- As of September 11, 2006 we will no longer pay salaries to players in teams that have gone bankrupt, HFA's spokesperson says.
National team players will however not quit if their teams go bankrupt. HFA will make sure they get transfer listed.