tell me about dept trap
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Dept trap is the situation in which a person unable to re pay the previou loan but take new loan for future use and for other purpose , this lead to the burden on that person.
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Dept trap is a situation where u add on a new debt in order to pay an existing debt.
Generally,when the firm is overlevereged all credit sources are exhausted ,firm arrives at a situation of debt trap.
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Generally,when the firm is overlevereged all credit sources are exhausted ,firm arrives at a situation of debt trap.
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