Bankruptcy

The rise of household indebtedness in America, a phenomenon driven by financial deregulation, subprime lending, and credit card usage, has significant implications for individual households, the economy, and policymakers.

Explore the history of bankruptcy in 19th-century Memphis, Tennessee, and understand its mechanics, key terms, and processes.

Explore how easy credit availability and consumer culture contribute to high bankruptcy rates in the US, with varying impacts across different socioeconomic groups.