The history of bankruptcy law in the united states refers primarily to a series of acts of congress regarding the nature of bankruptcyas the legal regime for bankruptcy in the united states developed it moved from a system which viewed bankruptcy as a quasi criminal act to one focused on solving and repaying debts for people and businesses suffering heavy losses. Bankruptcy in the united states has had a long and varied history initially the framers of the constitution sought to model bankruptcy laws after english common law on the subject however since the founding of the us the law has taken many twists and turns the framers actually provided for bankruptcy laws in the us constitution itself this provision can be found in article i . History of bankruptcy in the united states by vincent nyoike november 2 2019 september 13th 2020 no comments bankruptcy is a law that allows individuals and businesses to reorganize the terms of a debt when they are unable to repay on the previous terms of the loan contract bankruptcy began during the revolutionary war before that it was considered a crime if you were unable to pay off . Bankruptcy in united states history warren charles isbn 9780674431874 kostenloser versand fur alle bucher mit versand und verkauf duch amazon