What happens???

[magyar123]

What happens to consumer debts (credit cards, loans, etc.) if a financial institution goes belly-up.
While deposit account funds like checking/savings are insured up to $100,000 and customers receive those funds, will debtors to that bank be hounded by the federal regulators for faster than normal repayments of the debts, or will the repayment terms stay the same as originally contracted with by the bank?

[BK2008]

You continue to pay them as you were until you are notified otherwise i.e. IndyMac.
When the failed institution is bought by another, they assume the paper, leaving the original loan terms intact. It's business as usual.

[JRScott]

As BK says until notified otherwise continue payments as usual. Most likely you'll have the debt bought when the financial institute is bought.