
Melissa B. Jacoby, "Unjust Debts: How Our Bankruptcy System Makes America More Unequal" (New Press, 2024)
New Books in Economics
Inequalities in Bankruptcy Law
This chapter explores the disparities in how bankruptcy law operates for corporations versus individuals, exposing the preferential treatment often granted to corporate entities. It highlights the evolving experiences of small businesses under bankruptcy, the challenges they face against larger corporations, and the implications of municipal bankruptcies on civil rights claimants. Through examining the intricacies of the bankruptcy code, particularly Chapter 11, the chapter scrutinizes the influence of private equity firms and financial institutions on the fairness of the bankruptcy process.
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