Tag: U.S. Bankruptcy Code

Texas State Capitol, 1936

Defaults, Bankruptcies and Depression

From approximately October 1929 until 1939, our country experienced the worst economic downturn in its history.  It is rumored that during the Great Depression, our lawyers were busier than they ever had been. As thousands of political subdivisions throughout Texas and the United States began to default on their bonds and file for bankruptcy under […]