Loan Waivers as Fresh Start in Bankruptcy

Sane, Renuka

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%T Loan Waivers as Fresh Start in Bankruptcy
%A Sane, Renuka
%J IndraStra Global
%N 3
%P 5
%V 4
%D 2018
%K Bankruptcy
%@ 2381-3652
%~ National Institute of Public Finance and Policy (NIPFP), New Delhi, India
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-56484-7
%X Farmer distress is in the news again. The causes of distress may be many - ranging from low productivity on small and marginal farms, crop failure due to weather fluctuations, to low market price due to a bumper harvest. The usual policy response, however, seems to be a loan-waiver announcement. For example, several loan-waivers were announced in the second half of 2017. The stated rationale for loan-waivers is that if debt burdens are alleviated in this one instance, then it provides consumption relief and makes it possible to start the next farming season in a clean state. The assumption seems to be that the problems that caused distress this season, will somehow, not manifest themselves again.
%C USA
%G en
%9 Zeitschriftenartikel
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info