Information AboutSpendthrift |
| CATEGORIES ABOUT SPENDTHRIFT | |
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Historical examples of spendthrifts include George IV , Ludwig II , and Marie Antoinette . The term is often applied Sarcastically in the press as an Adjective to Government s who are thought to be wasting public money. William Hogarth 's '' A Rake's Progress '' displays in graphical form the downwardly spiraling fortunes of a wealthy but spendthrift son and Heir who loses his money, and who as a consequence is Imprisoned in the Fleet Prison and ultimately Bedlam . LEGAL ISSUES The modern legal remedy for spendthrifts is usually s (who now had the burden of ensuring that any prospective debtor had not been judicially declared a spendthrift), they were thought to be justified by the Public Policy of keeping a spendthrift's family from ending up in the Poorhouse or on Welfare .''Olshen v. Kaufman'', 235 Or. 423, 385 P.2d (1963). This case involved the same defendant and was relied upon by the majority in ''Lilienthal''. Both cases involved joint ventures for the sale of Binoculars . Such laws have since been abolished in favor of modern Bankruptcy , which is more favorable to creditors. REFERENCES EXTERNAL LINKS
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