U.S. Bankruptcy History Part 3
During the 1980s and 1990s, bankruptcy became a relatively common practice among individuals and businesses. Courts were flooded with bankruptcy cases and it became apparent
December 28, 2011
During the 1980s and 1990s, bankruptcy became a relatively common practice among individuals and businesses. Courts were flooded with bankruptcy cases and it became apparent
In 1938, the Chandler Act added significant applications for businesses facing financial ruin. In the same year, Congress enacted Section 60e of the Bankruptcy Act,
In the United States bankruptcies have only been available off and on and under specific conditions since 1800. Before that there were no options for
Bankruptcy, like many words, stems from the ancient Latin vocabulary. The word “bancus” meant bench and “ruptus” meant broken. In old Italy, bankers operated in