Failure and Forgiveness: Rebalancing the Bankruptcy System

In 1996 a record one million-plus bankruptcy cases were filed in the United States. In this important book, an eminent legal authority provides an accessible introduction to and evaluation of the federal bankruptcy system governing these filings. Karen Gross describes existing bankruptcy law, assesses what is actually happening in practice, and makes specific—and controversial—recommendations for reform.

Gross explores the varying and often conflicting interests of debtors, creditors, and co...