On behalf of everyone at Credit Slips, I wanted to thank Emily Kadens for joining us as a guest blogger. Her careful attention to the historical record helps us understand the origins of modern bankruptcy, and we hope our readers appreciated these new perspectives. I would especially commend her post on state control of pre-modern bankruptcy. To the modern (U.S.) mind, bankruptcy is something the government does in a courtroom. The functional aspects of bankruptcy–marshaling of assets, payment of creditors, and possibly debt forgiveness–need not necessarily be state functions. In this post and in her other posts throughout the week, Professor Kadens reminded us that bankruptcy need not necessarily be exclusively a state function.