Peculiar Bankruptcy Facts

For proof of how radically different societies that are chronologically and geographically distant can be, one need look no further than at the variety of thoughts and legal approaches that have been aimed at resolving the contentious financial issues associated with bankruptcy.

Though the modern notion of bankruptcy law in the United States is that it should afford a means of reaching a somewhat mutually beneficial resolution in financial disagreements, debtors have not always had it so well. Even in the earliest forms of modern bankruptcy, the law was designed to serve the interests of creditors and exposed debtors to the risk of imprisonment.

As strange as some of the following facts are, they are no stranger than the decision to continue to live under the constant terror of being unable to pay your bills. Do not delay. A brighter financial future awaits you. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. at 480-829-0494

Bankruptcy – Getting Better with Age

The prospects for those who fell into a state of financial disrepair in the past were often quite bleak. Prevailingly the moral compasses of past ages have held that debtors themselves were exclusively responsible for their own economic struggles, and as a consequence of that one-sided view the law almost always tilted heavily in the favor of creditors, disregarding the concerns of the debt-ridden. Some of the more eye-opening elements of past bankruptcy concepts or contemporary views in other nations are:

• In Ancient Greece, debtors and their families could be forced into “debt slavery”, in which they would perform physical labor for their creditors in exchange for debt forgiveness
• Under Genghis Khan’s rule, an individual who became bankrupt three times was subject to a mandatory death penalty
• In Australia, only individuals may file for bankruptcy protection
• In Switzerland, bankruptcy is primarily reserved for insolvent commercial interests

Contact Us

Our goal is to help you position yourself to reestablish and meet your own financial goals. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. at 480-829-0494.