Editing Bankruptcy (section)

==Etymology==
The word ''bankruptcy'' is derived from [[Italian language|Italian]] {{lang|it|banca rotta}}, literally meaning {{gloss|broken bank}}. The term is often described as having originated in [[Renaissance Italy]], where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted.<ref name="Loveland1912">{{cite book|author=Frank Olds Loveland|title=A treatise on the law and proceedings in bankruptcy|url=https://archive.org/details/atreatiseonlawa00lovegoog|year=1912|publisher=The W. H. Anderson Co.|pages=[https://archive.org/details/atreatiseonlawa00lovegoog/page/n116 4]–}}</ref><ref>Multiple sources:
*{{cite dictionary|title=Bankrupt|url=http://www.etymonline.com/index.php?allowed_in_frame=0&search=bankrupt&searchmode=none|dictionary=Online Etymology Dictionary|access-date=22 April 2014|url-status=live|archive-url=https://web.archive.org/web/20140323232935/http://www.etymonline.com/index.php?allowed_in_frame=0&search=bankrupt&searchmode=none|archive-date=23 March 2014}}
*{{cite web|title=Bankrupt – Definition and More from the Free Merriam-Webster Dictionary|url=http://www.merriam-webster.com/dictionary/bankrupt|publisher=Merriam-Webster Dictionary|access-date=22 April 2014|url-status=live|archive-url=https://web.archive.org/web/20140323225422/http://www.merriam-webster.com/dictionary/bankrupt|archive-date=23 March 2014}}
*{{cite web|title=Bankrupt|url=http://www.oxforddictionaries.com/us/definition/english/bankrupt|publisher=Oxford Dictionaries|access-date=22 April 2014|archive-url=https://web.archive.org/web/20140425041038/http://www.oxforddictionaries.com/us/definition/english/bankrupt|archive-date=25 April 2014}}
*{{Cite journal |last=Vrooman |first=O. O. |date=1932 |title=Origin and History of the Bankruptcy Law |url=https://heinonline.org/HOL/LandingPage?handle=hein.journals/clla37&div=26 |journal=Commercial Law Journal |volume=37 |page=127}}
*{{Cite journal |last=Sheppard |first=Jerry |date=1995 |title=Beautifully Broken Benches: A Typology of Strategic Bankruptcies and The Opportunities for Positive Shareholder Returns |url=https://jbs-ojs-shsu.tdl.org/jbs/index.php/jbs/article/view/254 |journal=Journal of Business Strategies |language=en |volume=12 |issue=2 |pages=99–134 |doi=10.54155/jbs.12.2.99-134 |s2cid=13605970 |issn=0887-2058|doi-access=free }}</ref>