The U.S. Constitution makes bankruptcy a federal procedure. So why is the amount of assets you can protect different in each state?
The most respected early commentator on the Constitution fills in some historical gaps about bankruptcy and leads it in a better direction.
The Federalist Papers are a key source for understanding the intentions of the drafters of the Constitution. What do these essays say about the Bankruptcy Clause?
225 years ago this month, the Constitutional Convention adopted the U.S. Constitution. Its Bankruptcy Clause was a quiet but crucial component of a much stronger national government.