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Essay

Bankruptcy

Essay specific features

 

Issue:

Business

 

Written by:

Roland W

 

Date added:

February 5, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

6 / 1615

 

Was viewed:

9233 times

 

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Essay content:

The Pennsylvania Bankruptcy Act of 1785 allowed the flogging of these offenders while their ear was nailed to a post and afterwards the ear was cut off. Similar to Hester Prynne's punishment of wearing a scarlet "A" on her chest for "adultery", people who committed the act of bankruptcy were "branded on the thumb with a "T" for "thief" (Pomykala 17)...
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Various punishments like these served as a warning to future violators. By punishing those who declared bankruptcy, it gave further incentives to avoid getting lost in debt. The death penalty for many of these offenders was replaced with a maximum of 10 years in prison under the 1800 Bankruptcy Act. Slowly through the years the prison sentences were shortened and then abolished...
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General issues of this essay:
Bankruptcy of Social Security Bankruptcy Bankruptcy Bankruptcy Bankruptcy: Frightening Reality Creating a Bankruptcy Plan new bankruptcy laws The New Bankruptcy Law The New Bankruptcy Laws Bankruptcy Bankruptcy bankruptcy When Filing For Bankruptcy In Bankruptcy Chapter 13 Bankruptcy Law
 

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