Debt's Dominion: A History of Bankruptcy Law in America
Bankruptcy in America, in stark contrast to its status in most other countries, typically signifies not a debtor's last gasp but an opportunity to catch one's breath and recoup. Why has the nation's legal system evolved to allow both corporate and individual debtors greater control over their fate than imaginable elsewhere? Masterfully probing the political dynamics behind...more
This is the first book to look at the whole history of federal bankruptcy law in America, from the creation of the first permanent statute in 1898 through the 1978 Bankruptcy "Code" and to the contemporary battles between creditors and debtors.
From a writer and thinker as gifted as Skeel, however, the book is a little disappointing, with much of it demonstrating little research, and some points and facts repeated ad nausem. Still, for those looking for a straight history, or just a good introdu...more