Excerpt from Treatise on the Law: Bankruptcy and Insolvency Bankruptcy and insolvency, though depending wholly on the statutory law, and liable to be at any time not only changed and modified, but entirely abro gated, by a simple alteration or repeal of the legislation which created them, are, notwithstanding, important topics of permanent jurisprudence, and furnish abund ant material for an elementary treatise or text-book. While, in the legislation of England and America, a series of acts is found upon these subjects, with great diversity of detailed provisions, and a large proportion of them now obsolete; yet through the whole there runs an unbroken thread of policy and purpose, which renders the system, however often changed by positive enactment, virtually one, and perpetuates the authority of judicial decisions, even when nominally predicated upon particular statutes which have long ceased to exist. It is indeed within the limits of possibility, as has been already suggested, that the whole system. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.