Louis Newman, License to Steal
“ A man becomes unable to pay his debts. He goes into bankruptcy. Whatever he does have is distributed to his creditors, who must be satisfied with what they can get out of his present assets. They cannot require him to go to work to earn additional funds with which to pay them more. It is precisely to escape this form of mortgage on one's future that bankruptcy exists.Yet here were over seven thousand creditors claiming that Skrrgck's debts should not be discharged in bankruptcy, because Skrrgck could be required to steal enough to satisfy them fully. ”
