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Chapter 11 may be tough, but it beats death, dismemberment, slavery, exile, prison, and other insolvency solutions.
R.G. Voorhees, CFO.com | US
August 8, 2007
One important fact of history omitted about bankruptcy is that the earliest laws that protected debtor rights were among the Israelites around 1400-1200 BC. In the Torah, (Leviticus 25:10) it outlines the Jubilee year. Every 50th year, debts were canceled and slaves were freed. There were other laws in the Torah that protected the rights of debtors against exploitation. Biblical laws were way ahead of the rest of the world for many centuries in this and other areas.
Posted by Jim Moroney | August 16, 2007 01:19 pm
One of our readers, who enjoyed our article on the history of bankruptcy, asked for a historical perspective of hedge funds. We aim to please. Click here for Alan Rappeport's article, A Short History of Hedge Funds.
Posted by Marie Leone | August 09, 2007 09:23 am
I'm with Lee. Great article. Now perhaps you could give us some context and comparatives for "hedge funds" in the past! Keep giving us more.
Posted by Charley Best | August 09, 2007 09:04 am
Very good article; very informative and very entertaining. Thank you.
Posted by Lee Wilbur | August 09, 2007 08:09 am
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