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TIL each of America's first four bankruptcy laws was passed in the wake of a financial panic, and two of them were repealed because creditors felt debtors were being allowed to discharge too many ...
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The original was posted on /r/todayilearned by /u/ilikemath9999 on 2026-08-17 14:36:18+00:00.

Original Title: TIL each of America's first four bankruptcy laws was passed in the wake of a financial panic, and two of them were repealed because creditors felt debtors were being allowed to discharge too many debts. No bankruptcy law lasted until the one passed after the Panic of 1893.

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