Is Bankruptcy or Debt Restructuring a Good Idea?

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David Rothkopf: If a government voluntarily enters into these binding relationships. What kind of message are you sending when you give these generous restructuring plans? He says it seems to me that bankruptcy or debt restructuring is only appropriate if you legitimately can't repay. Rothkopff: I think there's some surprising analogies between individuals who have too much debt and a public entity.

This week David and Curtis are joined by David Skeel, one of the world’s leading experts on bankruptcy law and the Chairman of the Financial Oversight & Management Board for Puerto Rico, which was responsible for helping the territory restructure and cut its public debt by 80%. David brings a unique perspective as both a legal scholar and follower of Christ, particularly around how our understanding of debt can and should image Biblical values while not being strictly prescribed by Biblical law.

-Getting Puerto Rico’s Financial House Back in Order (WSJ) - Natalie Jaresko and David Skeel

-The Law, The Gospel, and David Skeel (The Pennsylvania Gazette)

-Practicing Poetry, Teaching Law - David Skeel

-Poem | Hurakan Despacito, by David Skeel

Follow Curtis’ work at RedeemingBabel.org

Produced by Kris Carter