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On Background: A History of Bankruptcy in the US
Against the Rules with Michael Lewis
The Confrontation of Bankruptcy Law in the 1930s
There were two kinds of concerns that creditors had. One is that they wouldn't be protected and that local credit creditors would be protected more. They wanted to limit debtor's abilities to abscond when they defaulted. And they thought a bankruptcy system was the way to do it. So you become an amort of bankruptcy law because you see bankruptcy law sits right in the middle of American history? That was the first reason. And then the other reason I became an amorts of it is it's about meeting individuals and institutions in a period of distress and if the system works well, they can end up in a better place.
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