Re:Company town
by hueving on Thursday July 28, 2016 @09:11PM
(#12184457)
If you're in debt you declare bankruptcy. This isn't 1500s in England.
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Re:Company town
by true_religion on Thursday July 28, 2016 @11:27PM
(#12184873)
I'm not sure of the specifics, but in the US personal bankruptcy didn't exist in its present form until 1978.
It's very likely, that it was incredibly difficult to file for bankruptcy in the era of company towns in the US---i.e. 1880 (first bankruptcy bill was filed in 1889) through 1934.