From 1600 to 1991 : The History and Future of Bankruptcy
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Authors
White, Mark C.
Issue Date
1991
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
The purpose of this paper is to look at the origin, the development, and the future of bankruptcy in the United States. How is bankruptcy perceived, and can bankruptcy be
predicted, are questions that will be answered. The paper will first look at the history of modern bankruptcy and the people who founded it. The paper will then explain the
current Code that was enacted in 1979 with attention given to important Chapters and aspects of that code. While no legislation is perfect, the faults and problems of the Code
will be presented and discussed. Next, through the use of a recent example, the paper examines the effect bankruptcy has on the economy, and finally, a model is discussed that predicts whether or not a firm will be forced into bankruptcy.
From the research conducted during this project, and through
my work with Chrysler Credit, I believe that the current
bankruptcy system used in the United states is superior than
those systems used in the past. While this is true, the code
must continue to adapt to the ever changing economic climate,
or our economy could face serious problems.
Description
37 p.
Citation
Publisher
License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.