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How was personal debt handled in the ancient world?

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Family ties were more important in those days, and punishments for non-payment could be severe. There wasn't any concept of bankruptcy, so if you couldn't pay, your creditors would go after your other family members for the money. read more

Going into debt in ancient Rome was serious business. "The Roman law as to the payment of the borrowed money (pecunia certa credita; see Lex Gall. Cisalp. 21, 22) was very strict. read more

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