4min chapter

Against the Rules with Michael Lewis cover image

On Background: A History of Bankruptcy in the US

Against the Rules with Michael Lewis

CHAPTER

The History of Bankruptcy in the United States

On Background is a new series from Against the Rules. This week, Michael Lewis looks at bankruptcy in the U.S. How did it come about? Who's harmed really when a company declares bankruptcy and who benefits? And why are people now calling for changes to the system?

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