Saturday, January 17, 2015

New Stuff on the History of Bankruptcy

Mary O’Sullivan “A Fine Failure: Relationship Lending, Moses Taylor, and the Joliet Iron and Steel Company, 1860-1888,” Business History Review (Winter 2014) examines how one industrial failure actually played out under the 1867 Bankruptcy Act. I found particularly interesting the discussion of conflicts over jurisdiction and the attempts of local courts to protect local interests, including employees and local merchants.


M. Susan Murnane, Bankruptcy in an Industrial Society: A History of the Bankruptcy Court for the Northern District of Ohio. (University of Akron Press) provides a detailed study of how bankruptcy courts actually operated over a long period of time. I learned a lot about how referees were selected and how they operated.

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