Thank You to Emily Kadens

On behalf of everyone at Credit Slips, I wanted to thank Emily Kadens for joining us as a guest blogger. Her careful attention to the historical record helps us understand the origins of modern bankruptcy, and we hope our readers appreciated these new perspectives. I would especially commend her post on state control of pre-modern bankruptcy. To the modern (U.S.) mind, bankruptcy is something the government does in a courtroom. The functional aspects of bankruptcy--marshaling of assets, payment of creditors, and possibly debt forgiveness--need not necessarily be state functions. In this post and in her other posts throughout the week, Professor Kadens reminded us that bankruptcy need not necessarily be exclusively a state function.