On Background: A History of Bankruptcy in the US

On Background: A History of Bankruptcy in the US

Often when a corporation declares bankruptcy, that happens at the end of a long and difficult road. But entering bankruptcy proceedings also means setting out on a new and equally difficult road. That’s where Michael Lewis finds the subject of his next book, Sam Bankman-Fried. The company Bankman-Fried founded, FTX, entered bankruptcy late last year. For some perspective on what could be one of the messiest bankruptcy cases of recent times, Michael turns to David Skeel. Skeel is a professor of corporate law at the University of Pennsylvania and one of the foremost historians of bankruptcy in the US.

Send a question to Michael Lewis, and he might answer it on an upcoming episode of Against the Rules. Head to atrpodcast.com.

See omnystudio.com/listener for privacy information.

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Episode 5: The Sanchez Problem

Episode 5: The Sanchez Problem

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Episode 4: Respect the Polygon

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Why can’t we see the experts right in front of us, even when they're saving our lives? Maybe it's because the specialized knowledge of many experts defies good storytelling. We hear from a nonprofit t...

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After the surprise success of Liar’s Poker, publishers urged Michael Lewis to try his hand at fiction. It was a bad idea. But even award-winning fiction authors have struggled with failure. Michael sp...

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