California bankruptcy attorneys - Los Angeles, San Diego, San Francisco, Sacramento
Category: Taxes, accounting and bookkeeping. Country: United States (USA).
Bankruptcy means an inability or worsened ability of individuals or companies to pay their debts. The term “bankruptcy” supposedly originates from Middle Age Italy, where a merchant, who could not pay his debts, usually had his trading bench destroyed, that is “banka rotta”, Italian for “broken bench”. The rules and practices of the medieval bankruptcies were very tough towards the bankrupts and only backed the interests of the creditors. The first bankruptcy law was passed in England in 1542. A...
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