Posts Tagged: Bankruptcy

The History of Bankruptcy

Posted by & filed under General Bankruptcy.

Bankruptcy has a long history that goes back to Biblical times. In ancient Rome, lenders did business on a bench, or bancus, from which we get the English word “bank.” When a money-handler went out of business, their bench was symbolically broken (ruptus), as a sign of their failure. Together, the words bancus and ruptus […]

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