Bankruptcy laws in ancient times - cutting off ear
The penalty for declaring bankruptcy in Ancient Rome was slavery or being cut to pieces. The choice was left to the creditor. By the Middle Ages, the treatment of insolvent debtors had softened considerably. In Northern Italy, bankrupt debtors hit their naked backside against a rock three times before a jeering crowd and cried out, "I declare bankruptcy". In French medieval cities, bankrupts were required to wear a green cap at all times, and anyone could throw stones at them. There are some interesting debtor treatments in the history of English law. From 1604 a debtor could be placed in the pillory for non-disclosure of his assets to the Commissioners in Bankruptcy. He would then have his ear nailed to the pillory and cut-off. Some early debtor ears have been kept for posterity (pictured above) at KLS. They also were thrown into prison.
Luckily, in 2010 we are more liberal! If you're struggling with your debt and would like some bankruptcy advice, then visit Bankruptcy Help Online – a brilliant and informative website about what to expect upon declaring bankruptcy.
Bankruptcy Help Online was set up to assist people with debt problems to regain control of their finances and help to make sense of the Insolvency process. Deciding on bankruptcy as a debt solution can be an emotional, stressful and complicated decision - that's why we're here to provide support and assistance at every step of the way. There are many things to consider when deciding to go bankrupt. There are pros and cons of clearing your debt through bankruptcy and it is important that you are aware of all the implications it will have before you agree to anything. Here at Bankruptcy Help Online, we endeavour to give you all the information you could possibly need to know, including other debt relief solutions such as a debt management plans, IVA's, or Trust Deeds. Whether you need someone to provide you with a 'hand-holding' service to help you get your finances back on track, or if you just need to have an informal, confidential chat with a professional, give us a call on 0800 988 2939.
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