Bankruptcy Act of 1875

GPTKB entity

Statements (53)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:bfsLayer 6
gptkbp:bfsParent gptkb:44th_Congress
gptkbp:addressed business bankruptcies
personal bankruptcies
gptkbp:allows discharge of debts
certain types of debts from discharge
gptkbp:amended_by subsequent bankruptcy laws
gptkbp:applies_to debtors and creditors
gptkbp:created a framework for bankruptcy proceedings
gptkbp:depicted_in a response to economic hardship
a progressive step in financial legislation
gptkbp:effective_date 1875
gptkbp:enacted_by gptkb:legislation
a period of economic instability
address the needs of creditors and debtors
gptkbp:established bankruptcy courts
creditor committees
https://www.w3.org/2000/01/rdf-schema#label Bankruptcy Act of 1875
gptkbp:impact increased access to bankruptcy for individuals and businesses
gptkbp:includes_provisions_for allowed voluntary and involuntary bankruptcy filings
gptkbp:influenced future bankruptcy legislation
gptkbp:influenced_by the Panic of 1873
economic conditions of the 1870s
gptkbp:is_aimed_at reducing the stigma of bankruptcy
standardize bankruptcy laws across states
gptkbp:is_analyzed_in gptkb:Historical_Society
gptkbp:is_criticized_for due to its impact on creditors
favoring debtors over creditors
gptkbp:is_designed_to encourage honest financial practices
facilitate the reorganization of debts
protect struggling businesses
gptkbp:is_discussed_in legal journals
gptkbp:is_evaluated_by legal scholars
gptkbp:is_implemented_in federal judges
gptkbp:is_part_of reconstruction era legislation
the broader context of U. S. economic policy.
the evolution of bankruptcy law in the U. S.
the legal framework for insolvency
gptkbp:is_referenced_in subsequent court cases
gptkbp:is_subject_to judicial interpretation
gptkbp:jurisdiction federal courts
gptkbp:led_to increased bankruptcy filings
gptkbp:provides protection for honest debtors
gptkbp:purpose to provide a uniform system of bankruptcy laws
gptkbp:related_to financial distress
gptkbp:repealed_by gptkb:Bankruptcy_Act_of_1898
gptkbp:replaced_by gptkb:Bankruptcy_Act_of_1898
gptkbp:requires creditor notification
gptkbp:set_in guidelines for bankruptcy trustees
gptkbp:signed_by gptkb:President_Ulysses_S._Grant
gptkbp:significance first federal bankruptcy law in the United States
gptkbp:was_a_response_to the economic crisis of the 1870s