Dec 23, · One element of good bankruptcy books that is essential for first-time filers and other novices is the inclusion of a glossary of important bankruptcy terms that defines them specifically in terms of bankruptcy law. For example, such a lexicon would be apt to explain the role of the “trustee”. Books Advanced Search New Releases Best Sellers & More Children's Books Textbooks Textbook Rentals Best Books of the Month of over 3, results for Books: Law: Business: Bankruptcy The Easy Section Credit Repair Secret: Remove All Negative Accounts In 30 Days Using A Federal Law Loophole That Works Every Time. Discover the best Bankruptcy Law in Best Sellers. Find the top most popular items in Amazon Books Best Sellers.
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But we need to clarify what we mean by bankruptcy. It would have been better then to think of bankruptcy as a collection device, where the creditors clubbed together and picked the debtor up by the heels and shook him to see what rolled out of his pockets.
The debtor was no more eager to initiate a bankruptcy than you or I would be to initiate a root canal: it might be the least worst alternative but it was certainly going to hurt. I believe that in some countries the term still denotes a crime today. It was only later that creditors began to realize that sometimes you could get more out of the debtor by encouraging his cooperation.
So: if you fight and resist us, we hang you. If you work with us and try to maximize our return, then maybe, just maybe, we will let you off the hook for the balance. Out of this seed the general discharge slowly emerged. Businesses have probably always done this. The debacle around the Catholic Church sex abuse cases is perhaps the most conspicuous example. Get the weekly Five Books newsletter. Lastly, I should mention that the question of how you discharge debts in bankruptcy is entangled through modern history with the question of limited liability for business debtors, like in corporations.
That goes back to the time of the great merchant-adventurers in the 16th and 17th century, where moneymen in London might put up some capital and adventurers would sail out to the Antipodes and spend the money trying to make things happen.
The development of the LLC and the development of bankruptcy law as a mechanism for discharge seem to go hand in hand. Has that always been an aspect of bankruptcy or is it more the case now than it was in the past? The United States Constitution actually reposes in Congress the power to make laws regulating bankruptcy. There is no legislative record on exactly what the drafters had in mind, when they put that language in there.
It might have been both at once. Basically, bankruptcy is absolutely crucial to the way capitalist economies grew? Maybe and maybe not. How is this book important to a discussion of bankruptcy? Recall that bankruptcy is one piece in a larger mosaic. Bankruptcy is about debt, debt collection and debt forgiveness.
Graeber touches on all these topics—he tries to paint them into a big and unified picture. His takeaway finding is that debt abides, that debt issues transcend mere bankruptcy and even transcend capitalism. Seen in this broader context, we come to understand how not merely is bankruptcy an aspect of debt, but debt is an aspect of sovereignty itself.
Consider how many societies, throughout human history, consist of, one, a tightly knit core of oligarchs, and, two, a much larger mass of the faceless and voiceless. You get echoes of it in the Biblical discussion of debt relief through the institution of the jubilee.
I suspect a virtue but also a defect is that he was trained as an anthropologist in a field dominated by economists. He probably sets out to prove too much, and gets out of his depth.
I have a friend in his 80s who has included on his bucket list the goal of reading all of Balzac. I have not and do not plan to read all of Balzac.
Birotteau is everything you might want in a bourgeois hero: vain and puffed up and almost absurdly proud of his success in the perfume game.
I have known bankruptcy lawyers who think of their clients in pretty much the same way. Birotteau did indeed hold bankrupts in contempt, until he became one himself. US bankruptcy filings ran a bit under , cases in the most recent reported year. Tell me about the next book on your list. Most build at least in part on the same story line: a cabal of libertarian ideologues deployed a washed-up second string actor in the service of an ideological agenda. Krippner is one who tells a different and in itself arresting story.
She is trained as a sociologist and she sees things through a different lens. Support Five Books. Five Books interviews are expensive to produce.
If you're enjoying this interview, please support us by donating a small amount. Krippner argues that the standard narrative, while not entirely wrong, is misleading and vastly oversimplified. For starters, she points out, the great wave of deregulation, seen as the heart of our problem, can be understood not so much as a purposive story arc as a series of ad hoc decisions designed, first of all, to kick the can down the road. Elizabeth is, of course, at this moment, a candidate for the US presidency.
Even if these personal bankruptcy information resources are more accurate, individual debtors may have other issues with these Internet-based guides. Some bankruptcy petitioners may generally not be comfortable using computers, or otherwise may find it difficult to read for long periods of time on computer screens. Bankruptcy books, on the other hand, do not need to be plugged into the wall to be of use to the prospective bankruptcy filer.
They may also be more easily digested and understood in their printed form. Here are some kinds of bankruptcy books and what to look for in a print publication containing personal bankruptcy information:. Noting how dense the language of the law may be with regard to bankruptcy proceedings, the best bankruptcy books for consumers are going to be those that are understood and well used by their owners. As such, even if a particular text is not wholly comprehensive when it comes to filing for bankruptcy and the statutes behind it, the basic personal bankruptcy information found within may be more valuable to the average reader because it speaks in a language he or she can understand.
One element of good bankruptcy books that is essential for first-time filers and other novices is the inclusion of a glossary of important bankruptcy terms that defines them specifically in terms of bankruptcy law.
The types of texts as described above are indeed largely informative. Nevertheless, some bankruptcy books do not serve a general audience, and must be written in a more professional manner. As such, these works will generally feature legal language as it reads or will be transliterations of bankruptcy codes themselves , and thus, will be geared more towards attorneys.
Certainly, the most confidence-inspiring bankruptcy books will be those advertised by reputable, familiar bankruptcy agencies and services. Pamphlet-style versions of the Bankruptcy Code and Federal Rules of Bankruptcy Procedure are also updated annually and are available used from bookstores at low prices.
Those who purchase these publications should keep in mind, though, that they are not to be considered a reliable replacement for true legal representation. In other words, these bankruptcy books are a means of finding out some basic personal bankruptcy information, not a be-all-end-all.