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Victorian Insolvency - Bankruptcy, Imprisonment for Debt, and Company Winding-up in Nineteenth-Century England (Hardcover, New)
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Victorian Insolvency - Bankruptcy, Imprisonment for Debt, and Company Winding-up in Nineteenth-Century England (Hardcover, New)
Series: Oxford Historical Monographs
Expected to ship within 12 - 17 working days
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Victorian Insolvency explores for the first time the financial,
legal, and administrative aspects of insolvency in
nineteenth-century England. V. Markham Lester gives a detailed
statistical analysis covering bankruptcy, imprisonment for debt,
and company winding-up during the period, and traces the decline in
the level of insolvency towards the end of the century. His
thorough scholarship demonstrates just how significant a problem
insolvency was for English society in the Victorian era. Dr Lester
argues persuasively that random factors may have played as great a
role as cyclical fluctuations in bankruptcy levels. Victorian
Insolvency also traces the history of insolvency legislation and
adds a new and important dimension to the debate on government
growth by examining how the English legal system, through its
administration of bankruptcy laws, increased the size and
complexity of government bureaucracy. By the end of the
nineteenth-century, the cost of administering bankrupt estates was
one of the largest items of government expenditure. Dr Lester
places Victorian management of insolvency in the context of other
legal reforms, the relationship between the legal and business
communities, and the development of the modern British state.
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