Guarantor Liabilities in Bank Loans under current Bangladeshi Laws : Challenges and Pathways to Reform

Abstract In Bangladesh, the banking sector plays a pivotal role in socio-economic development by providing credit to individuals and institutions. However, the requirement of guarantors for loan disbursement has given rise to complex legal and social dilemmas. Guarantors are often subjected to disproportionate liabilities, facing harassment, financial ruin, and prolonged legal disputes when borrowers default. […]