The word bankruptcy is derived from the Latin words for “bench” and “break”. The literal meaning of bankrupt is broken bench where the creditors would physically break the debtor’s workbench after gathering together and dividing up the debtor’s assets. The broken workbench served as both a punishment and a warning to other debtors. Satisfaction of the claims of creditors and punishment of the debtors were the objectives of the earlier law. Bankrupt persons were deprived of their civil rights.
Please fill out my questionnaire to those have been declared blacklisted or experienced bankruptcy. Thank you
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