12min 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 Evolution of Bankruptcy in America

This chapter examines the historical context and significance of bankruptcy in the United States, with a focus on the recent FTX collapse. It discusses the evolution of bankruptcy laws, key legislative changes, and the ideological battles that have shaped the bankruptcy system, highlighting its impact on both debtors and creditors.

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