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How old is bankruptcy in the USA?


Bankruptcy is nothing new. It is in fact been in existence in the US since the constitution was written. In fact, bankruptcy itself is actually in the constitution. That is the year 1788. The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States". 


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©2020. The Rashid Law Firm. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclaimer: This Website contains general information. The information on this Website is not intended to be legal advice and viewers should consult with an attorney.