Mortgage insurance protects lenders from mortgage defaulting. The bank contacts them for defaulting on the loan repayments. Household deleveraging by paying off debts or defaulting on them has begun in some countries. This trend developed from the long history of sovereign defaulting on commercial creditors with impunity. Financial leverage benefits diminish as the risk of defaulting on interest payments increases. Korea was in danger of defaulting on its foreign debt obligations. Hanbo went bankrupt in 1997 after defaulting on debt payments along with other governance issues. The bankruptcy resulted in Chrysler defaulting on over $4 billion in debts. The Commonwealth had been defaulting on many debts, including bonds, since 2015. This also led to an increase in the problem of the abuse of defaulting debtors. It closed in 2011 after defaulting on a loan, leading to foreclosure and bankruptcy. That is, the seller of the CDS insures the buyer against some reference asset defaulting. It is the first line of defense is collateral provided by the defaulting member. Mismanagement, shoddy construction, and corruption led to the community's defaulting on its loan in 1975. It also has rules to handle the gains and losses from a defaulting broker.