2min chapter

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Macroeconomics 3: Booms, Busts & Us

Planet Money Summer School

CHAPTER

What Did the World Think of Chapter 11 Bankruptcy?

In most countries, this would have been the end of the story. The idea predates appliance stores by a lot. It goes back to the railroads. Here in america, we came down on the side of allowing bankrupt companies to have a second chance.

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