U.S. Bankruptcy History Part 2
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,
December 20, 2011
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