Forgiving Debt: Purchase Price Adjustment

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1990-04-27
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In the last three issues, the discussion focused upon the discharge of indebtedness as a result of transfers of property to creditors, discharge of indebtedness for insolvent debtors and those in bankruptcy, and discharge of indebtedness for solvent farm debtors. Another possibility for handling discharged debt, and one that has been very important to many farm debtors in recent years, is purchase price adjustment.

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