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Revision as of 19:30, 8 December 2023

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The Statute of Bankrupts of 1542 was the very first law under English regulation dealing with bankruptcy or insolvency 3 Insolvency is likewise recorded in East Asia According to al-Maqrizi, the Yassa of Genghis Khan consisted of a provision that mandated the execution for any individual who ended up being bankrupt three times.

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