|
|
Transcript: How Bankruptcy Works
- Article from:
- NPR All Things Considered
- Article date:
- June 1, 2009
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
MELISSA BLOCK
NPR All Things Considered
06-01-2009
How Bankruptcy Works
Host: MELISSA BLOCK
Time 20:00-21:00 PM
Play Audio
MELISSA BLOCK, host:
Papers filed this morning in a New York bankruptcy court read, Name of debtor: General Motors Corporation, Detroit, Michigan. These are the same forms all sorts of bankrupt companies fill out, but GM is one of the largest by far.
We're covering this story in several parts of our program. Now, we're going to take a step back to hear about the history of bankruptcy and how it helped to shape this country.
NPR's Chris Arnold reports.
CHRIS ARNOLD: To really appreciate the modern American approach to bankruptcy, imagine yourself back in ancient Greece.