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Personal Bankruptcy after World War II

Mary Eschelbach Hansen and Bradley A. Hansen

in Bankrupt in America: A History of Debtors, Their Creditors, and the Law in the Twentieth Century

Published in print:
2020
Published Online:
September 2020
ISBN:
9780226679563
eISBN:
9780226679730
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226679730.003.0004
Subject:
Economics and Finance, Economic History

The bankruptcy rate was very low during World War II, but it increased quickly after the war ended. As growth in consumer credit returned to its pre-Depression trend, so did growth in the personal ... More


An Emphasis on Workout rather than Liquidation

Mary Eschelbach Hansen and Bradley A. Hansen

in Bankrupt in America: A History of Debtors, Their Creditors, and the Law in the Twentieth Century

Published in print:
2020
Published Online:
September 2020
ISBN:
9780226679563
eISBN:
9780226679730
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226679730.003.0003
Subject:
Economics and Finance, Economic History

As bankruptcy rates increased in the 1920s, creditors and legal professionals sought to increase in the efficiency of administration. However, as the nation slipped into the Great Depression, ... More


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