{"title":"Gone Broke: Sovereign Debt, Personal Bankruptcy, and a Comprehensive Contractual Solution","authors":"Adam Brenneman","doi":"10.2307/40041281","DOIUrl":null,"url":null,"abstract":"Both sovereign debt and defaults have appeared frequently in the news over the past few years. However, the issue of sovereign debt restructuring is far from new. Restructurings have occurred as far back as the sixteenth century. Between 1557 and 1647, six debt crises in Spain were resolved using two of the same techniques discussed in modern restructurings: rescheduling principal payments and reduc-","PeriodicalId":48012,"journal":{"name":"University of Pennsylvania Law Review","volume":"154 1","pages":"649"},"PeriodicalIF":2.5000,"publicationDate":"2006-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2307/40041281","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"University of Pennsylvania Law Review","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.2307/40041281","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 3
Abstract
Both sovereign debt and defaults have appeared frequently in the news over the past few years. However, the issue of sovereign debt restructuring is far from new. Restructurings have occurred as far back as the sixteenth century. Between 1557 and 1647, six debt crises in Spain were resolved using two of the same techniques discussed in modern restructurings: rescheduling principal payments and reduc-
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