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How much debt is too much debt?
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[QUOTE="Good-Guy, post: 216228, member: 29109"] There are many people who take loans and they have debts. Taking loans is something that is quite common in the business world and many people have debt. However, usually the problem happens when people take an excessive amount of loans and when they end up in bad debts. Bad debt is a condition when the business or an individual person takes too much loan and suffers from a huge loss. As a result of that, the person or the business organization ends up failing to pay back the loan to the lender and when such kind of situation happens, the business or the businessman becomes bankrupt. I do not think that there is any single definition of how much loan is too much loan because the amount of "excessive loans" vary from one person to another. A rich businessman could borrow too much loan and it might not be too much for him. A small business might borrow a small amount of money and that small amount might be too much for that small business. So the actual meaning and definition of too much debt varies form one business to another. In short, if a business borrows an amount of money that it cannot pay, then such kind of debt is too much debt. [/QUOTE]
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How much debt is too much debt?
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