How did bankruptcy laws change in the twentieth century?
A) They included home loss as an option
B) They became more liberal
C) They reinstituted prison for debt
D) They augmented the creditors' risk levels
E) They encouraged people to take higher risks

Question

Quizplus · Accepted Answer

Bankruptcy laws in the twentieth century became more liberal, making it easier for individuals and businesses to declare bankruptcy and get relief from their debts. This shift was part of broader social and economic reforms aimed at providing protections against the harsh consequences of financial failure.

How Did Bankruptcy Laws Change in the Twentieth Century