Bankruptcy and the Entrepreneurial Ethos in Antebellum American Law

EJ Balleisen - Australian Journal of Legal History, 2004 - search.informit.org
Australian Journal of Legal History, 2004search.informit.org
The 1841 Bankruptcy Act reflects the opinions and actions of the federal government and the
nation's legal fraternity, which depended on congressional initiative. The strategies of
lawyers representing the nation's bankrupts and their creditors were the ones who actually
shaped the workings of the federal bankruptcy system and the antebellum America's
experiment with bankruptcy was shaped more powerfully because of the impulse to nature
entrepreneurial ambitions.
The 1841 Bankruptcy Act reflects the opinions and actions of the federal government and the nation's legal fraternity, which depended on congressional initiative. The strategies of lawyers representing the nation's bankrupts and their creditors were the ones who actually shaped the workings of the federal bankruptcy system and the antebellum America's experiment with bankruptcy was shaped more powerfully because of the impulse to nature entrepreneurial ambitions.
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