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Latest revision as of 15:20, 17 June 2025

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The Statute of Bankrupts of 1542 was the first law under English law handling personal bankruptcy or insolvency 3 Personal bankruptcy is additionally documented in East Asia According to al-Maqrizi, the Yassa of Genghis Khan had an arrangement that mandated the execution for any person that came to be bankrupt 3 times.

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