Authors:

  • Noah Feldman

Excerpt

Bankruptcy Doesn't Have to Be So Messy. Noah Feldman, June 9, 2014, Opinion. "Bankruptcy courts are the mark of an advanced legal society. Think of the alternatives. Debt-slavery is inhumane. Debtors’ prison is inefficient. And breaking a trader’s bench and banning him from the market doesn’t get anybody’s assets back. But how far should the jurisdiction of special bankruptcy courts reach? The U.S. Supreme Court has been grappling with this question for several years; today, in Executive Benefits Insurance Agency v. Arkison, it came a step closer to a common-sense answer..." Link