bankrupts’ institute

FORGIVING one’s dues lays the foundation blocks of the ‘Bankrupts’ Institute’, where the lives of resident, recovering bankrupts productively shape the life of the institution.  While financial indebtedness is a backdrop to many everyday lives, we often continue to morally stigmatise the point at which this indebtedness becomes unmanageable.

In the situation following bankruptcy when the usual lines of anonymous financial credit are strictly limited, other economies might play a larger role.Taking as its premise the notion that ‘bankruptcy is a (legally-enforced) gift’, an economy of generosity develops that sustains not only the inhabitants of the building, but also the city around it.

Overcoming feelings of indebtedness might involve acts of everyday giving, these gifts become part of the everyday life of the institute, continually reshaping its architecture. The architecture acts as currency in an economy in which furniture left behind, a revealing screen, an act of hosting, or give in a constraining wall, are all exchangeable elements in a symbolic gift economy.