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.
"synopsis" may belong to another edition of this title.
"An extremely useful book. Its strength lies in its narrative of the past century and its description of the interplay of interest group politics."--Howard Rosenthal, Princeton University
"David Skeel has written an important book. Debt's Dominion: A History of Bankruptcy Law in America is an interesting and engaging account of bankruptcy law, and a worthy successor to Charles Warren's 1935 classicBankruptcy in United States History. Skeel's story is startlingly different from traditional accounts and shows how the forces that bring about legislative change are more subtle than commonly understood."--Douglas G. Baird, University of Chicago
"About this title" may belong to another edition of this title.
Shipping:
US$ 4.00
Within U.S.A.
Book Description Hardcover. Condition: new. New. Fast Shipping and good customer service. Seller Inventory # Holz_New_0691088101
Book Description Condition: new. Seller Inventory # FrontCover0691088101
Book Description Hardcover. Condition: new. New Copy. Customer Service Guaranteed. Seller Inventory # think0691088101
Book Description Condition: New. Book is in NEW condition. Seller Inventory # 0691088101-2-1
Book Description Hardcover. Condition: new. New. Seller Inventory # Wizard0691088101
Book Description Hardcover. Condition: new. Buy for Great customer experience. Seller Inventory # GoldenDragon0691088101
Book Description Hardcover. Condition: New. New. book. Seller Inventory # D7S9-1-M-0691088101-3