Bankrupt In America

Author : Mary Eschelbach Hansen
Publisher : University of Chicago Press
ISBN 13 : 022667973X
Total Pages : 237 pages
Book Rating : 4.30/5 ( download)

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Download or read book Bankrupt in America written by Mary Eschelbach Hansen and published by University of Chicago Press. This book was released on 2020-02-05 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2005, more than two million Americans—six out of every 1,000 people—filed for bankruptcy. Though personal bankruptcy rates have since stabilized, bankruptcy remains an important tool for the relief of financially distressed households. In Bankrupt in America, Mary and Brad Hansen offer a vital perspective on the history of bankruptcy in America, beginning with the first lasting federal bankruptcy law enacted in 1898. Interweaving careful legal history and rigorous economic analysis, Bankrupt in America is the first work to trace how bankruptcy was transformed from an intermittently used constitutional provision, to an indispensable tool for business, to a central element of the social safety net for ordinary Americans. To do this, the authors track federal bankruptcy law, as well as related state and federal laws, examining the interaction between changes in the laws and changes in how people in each state used the bankruptcy law. In this thorough investigation, Hansen and Hansen reach novel conclusions about the causes and consequences of bankruptcy, adding nuance to the discussion of the relationship between bankruptcy rates and economic performance.

Author : Harry E. Figgie
Publisher : Little Brown
ISBN 13 : 9780316282055
Total Pages : 234 pages
Book Rating : 4.57/5 ( download)

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Download or read book Bankruptcy 1995 written by Harry E. Figgie and published by Little Brown. This book was released on 1992 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how serious the federal fiscal situation is, how the crisis happened, what will happen in the near future, and what can be done about it.

Author : David A. Skeel Jr.
Publisher : Princeton University Press
ISBN 13 : 1400828503
Total Pages : 296 pages
Book Rating : 4.00/5 ( download)

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Download or read book Debt's Dominion written by David A. Skeel Jr. and published by Princeton University Press. This book was released on 2014-04-24 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bankruptcy in America, in stark contrast to its status in most other countries, typically signifies not a debtor's last gasp but an opportunity to catch one's breath and recoup. Why has the nation's legal system evolved to allow both corporate and individual debtors greater control over their fate than imaginable elsewhere? Masterfully probing the political dynamics behind this question, David Skeel here provides the first complete account of the remarkable journey American bankruptcy law has taken from its beginnings in 1800, when Congress lifted the country's first bankruptcy code right out of English law, to the present day. Skeel shows that the confluence of three forces that emerged over many years--an organized creditor lobby, pro-debtor ideological currents, and an increasingly powerful bankruptcy bar--explains the distinctive contours of American bankruptcy law. Their interplay, he argues in clear, inviting prose, has seen efforts to legislate bankruptcy become a compelling battle royale between bankers and lawyers--one in which the bankers recently seem to have gained the upper hand. Skeel demonstrates, for example, that a fiercely divided bankruptcy commission and the 1994 Republican takeover of Congress have yielded the recent, ideologically charged battles over consumer bankruptcy. The uniqueness of American bankruptcy has often been noted, but it has never been explained. As different as twenty-first century America is from the horse-and-buggy era origins of our bankruptcy laws, Skeel shows that the same political factors continue to shape our unique response to financial distress.

Author : Mary Eschelbach Hansen
Publisher : Markets and Governments in Economic History
ISBN 13 : 022667956X
Total Pages : 237 pages
Book Rating : 4.63/5 ( download)

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Download or read book Bankrupt in America written by Mary Eschelbach Hansen and published by Markets and Governments in Economic History. This book was released on 2020 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In Bankrupt in America, Mary and Brad Hansen show that examination of how Americans have used bankruptcy law and the history of the law itself offers important perspective on the history of bankruptcy in America. Using new statistical and documentary evidence, they illustrate the cycles of interaction between bankruptcy law's use and its own evolution. The authors first offer a broad overview of the laws at various levels governing the collection of debt and position their research in the literature on bankruptcy. They establish the need for a framework that integrates various lines of thought, and introduce of the methods of their approach, which incorporates new institutional economics and cliometrics, that is, the incorporation of econometric data analysis. They then illustrate the general path to bankruptcy by discussing the series of decisions that creditors and debtors make at every stage and how various formal and informal institutions influence these decisions. The core of the book will comprise a generally chronological narrative from 1898, when the first major federal bankruptcy law was enacted to an end point of 2005. Hansen and Hansen reach novel conclusions about causes and consequences of bankruptcy and raise nuances in the relationship between bankruptcy rates and economic growth. For instance, while higher bankruptcy rates are usually considered a negative, the authors show that higher bankruptcy may actually signal economic growth if it is due to an expansion of credit markets. Further, the authors contribute to our understanding of what drives differences in bankruptcy rates among states by illustrating the influence of the broader legal framework. Ultimately, this work find that long-run growth in personal bankruptcy is the result of growth in credit and that the study of legal governance provides useful viewpoints from which to draw out patterns in bankruptcy"--

Author : Teresa A. Sullivan
Publisher : Beard Books
ISBN 13 : 9781893122154
Total Pages : 392 pages
Book Rating : 4.58/5 ( download)

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Download or read book As We Forgive Our Debtors written by Teresa A. Sullivan and published by Beard Books. This book was released on 1999 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bankruptcy in America is a booming business, with hundreds of thousands of ordinary Americans filing for bankruptcy each year. Is this dramatic growth a result of mushrooming debt or does it reflect a moral decline that permits the middle class to evade their debts? As We Forgive Our Debtors addresses these questions with hard empirical data drawn from bankruptcy court filings. The authors of this multidisciplinary study describe the law and the statistics in clear, nontechnical language, combining a thorough statistical description of the social and economic position of consumer bankrupts with human portraits of the debtors and creditors whose journeys have ended in bankruptcy court. Book jacket.

Author : Edward I. Altman
Publisher :
ISBN 13 :
Total Pages : 230 pages
Book Rating : 4.56/5 ( download)

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Download or read book Corporate Bankruptcy in America written by Edward I. Altman and published by . This book was released on 1971 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Jerry Robinson
Publisher : New Leaf Publishing Group
ISBN 13 : 1614582602
Total Pages : 320 pages
Book Rating : 4.01/5 ( download)

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Download or read book Bankruptcy of Our Nation (Revised and Expanded) written by Jerry Robinson and published by New Leaf Publishing Group. This book was released on 2012-08-12 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: "It's no secret that the U.S. national debt is in the tens of trillions. But did you know that America also has future unfunded obligations of over $118 trillion? Unfortunately, America's politicians have no plan to solve our mounting fiscal and monetary crisis. But you don't have to watch this unfold in fear of your financial future. The time for debate is over... It's time to prepare! In this revised and expanded release of Bankruptcy of Our Nation, Jerry Robinson offers you the ultimate financial survival guide. Robinson, an Austrian economist, columnist, and radio host, is featured weekly on Worldnetdaily.com, quoted by USA Today, has appeared on Fox News, and has written columns for Townhall and FinancialSense. Allow him to guide you with details of the 21 income streams you can create now and in retirement Specific ways to inflation-proof your investment portfolio using the P.A.C.E. (Precious Metals, Agriculture, Commodities, and Energy) Method How to create a diversified six-month liquid savings reserve that uses stable foreign currencies and precious metals. And the 5 Levels of Financial Freedom that Jerry has personally used to build true wealth and create complete financial security. You can survive this economic crisis, but you can't wait. It’s time to take action. Let this book show you how to become a better investor and create multiple streams of income."

Author : Joseph Nathan Cohen
Publisher : Bloomsbury Publishing USA
ISBN 13 :
Total Pages : 142 pages
Book Rating : 4.64/5 ( download)

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Download or read book Financial Crisis in American Households written by Joseph Nathan Cohen and published by Bloomsbury Publishing USA. This book was released on 2017-04-24 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than one-third of Americans could not sustain a basic livelihood without government assistance. Almost 60 percent of seniors are dependent on the government. Why is this? This book examines how the U.S. economy's failure to deliver high-quality, universally accessible basic necessities is creating acute financial insecurity among the American middle class. Over the past 30 years, America's middle class has grown more financially insecure. How much of this pressing problem is due to Americans' failure to restrain their spending versus their upwards spiraling—and increasingly necessary—expenditures on health care, education, and housing? And how can Americans choose between financial security and paying for essentials on a day-to-day basis? This book answers these tough questions and many more in its evaluation of a complex and contentious issue: how basic expenses of life in the 21st century are bankrupting American families. The book begins with a snapshot of U.S. household finances, an assessment of financial insecurity's prevalence across the nation, and a description of how American households have declined into their present precarious economic situation over the last three decades. The author's analysis then looks at how European countries pursue policies that make these essentials highly accessible and postulates that the socialization of these essentials in other countries has helped to solidify household finances and maintain living standards. The work uniquely focuses on the plight of the middle class in America to provide relevant, useful information to help as many readers as possible to better understand and improve their own financial situations.

Author : Sebastian Edwards
Publisher : Princeton University Press
ISBN 13 : 0691196044
Total Pages : 288 pages
Book Rating : 4.46/5 ( download)

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Download or read book American Default written by Sebastian Edwards and published by Princeton University Press. This book was released on 2019-09-10 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of how FDR did the unthinkable to save the American economy.

Author : Peter D. Schiff
Publisher : Macmillan
ISBN 13 : 1250046564
Total Pages : 463 pages
Book Rating : 4.67/5 ( download)

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Download or read book The Real Crash (Fully Revised and Updated) written by Peter D. Schiff and published by Macmillan. This book was released on 2014-04-08 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Argues that America is enjoying a government-inflated bubble, one that reality will explode with disastrous consequences for the economy and for each of us"--Dust jacket flap.