Debt’s Dominion: A History of Bankruptcy Law in America, an excerpt from a new book by Prof. David A. Skeel, Jr.

When students hit a wall where the law doesn’t match up to the innovation they can call on other professors. For example, last year a Muslim client wanted to form an Internet banking company that didn’t charge fees or interest because that runs counter to his beliefs. The students consulted with securities law professor William Tyson to try to figure out a way a bank could run this way. The exercise opened up a dialogue where the academic met the regulatory, and theory met practice.