Surely no one expects the "TRNC" to file for bankruptcy, Erdogan is too proud to let that happen with the elections in the horizon.
Looking at the long term, the financial situation in the north does not look promising. The occupying Turkish troops continue to strangulate the TC community from the outside world playing the "protector" role. But how much longer can this go on? Can the TCs "see" the blink future ahead? When the situation gets worse, I see civil unrest, increase in crime and poverty rising to dangerous levels. Perhaps a "rush" to the south for a better life might force the RoC to close the borders. Furthermore, I see the occupying troops turning against the TC uprising to control the unrest.
The RoC can only sit back & watch since it has no control over the north. Should the TCs expect or demand help from the RoC? They might... The RoC should stand firm.