What exactly happens when you cancel and resubscribe?

Hi all. I have an extremely simple question -- in fact, I think I already know the answer, I just want a little reassurance. Unfortunately, Adobe has absolutely embarrassingly abysmal customer service to complement some pretty great products. Honestly -- I've spoken to three people by phone who barely speak English and who sound like they're in the midst of a wind tunnel. Went online to chat, and the guy didn't understand my exceedingly simple question. I said the question was about cancellation; he attempted to transfer me to tech support. I told him I'd been on the phone three times with no success. He asked me if I wanted to talk to someone on the phone. Christ's sake, Adobe. Clean that mess up, it's shameful.
Anyway, all I want to know is what exactly happens if I cancel a single-app Creative Cloud membership, and then resubscribe shortly after? I currently have a month-to-month subscription to Premiere CC. My payment is due on the 4th, but I'm broke. So I assume I have to cancel. However, I plan on resubscribing about a week later, once I have some money.
So are my projects in any way, shape or form affected? Will Premiere CC simply stop me from accessing the program until I pay up and then re-grant access when I resubscribe? I mean, what exactly happens?
That's all I want to know. I'm in the middle of editing two large projects, so I'm just looking for some simple peace of mind. Thanks in advance.

Hi there!
Thank you for sharing your comments regarding our customer support. Your comments help Adobe guide ongoing efforts to improve our policies, and services.
If you decide to cancel your membership, the products will revert to the trial version and the product will be accessible for the remaining days of the trial.
Would you like me to cancel the membership?
Thanks.
Arnaud.

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