Statements (62)
Predicate | Object |
---|---|
gptkbp:instance_of |
gptkb:United_States_federal_law
|
gptkbp:allows |
for the appointment of trustees
for the discharge of certain debts |
gptkbp:amended_by |
gptkb:1978
1938 Bankruptcy Act of 1938 address issues arising from its implementation |
gptkbp:applies_to |
individuals and corporations
|
gptkbp:created |
the office of the referee in bankruptcy
|
gptkbp:defines |
the types of bankruptcy cases
|
gptkbp:effective_date |
July 1, 1898
|
gptkbp:enacted_by |
gptkb:United_States_Congress
provide a legal process for insolvency |
gptkbp:established |
the framework for bankruptcy proceedings
the legal framework for bankruptcy courts the priority of claims in bankruptcy cases |
https://www.w3.org/2000/01/rdf-schema#label |
Bankruptcy Act of 1898
|
gptkbp:impact |
increased access to bankruptcy for individuals and businesses
|
gptkbp:included |
provisions for liquidation and reorganization
|
gptkbp:influenced |
subsequent bankruptcy legislation
modern bankruptcy practices |
gptkbp:influenced_by |
previous bankruptcy laws
|
gptkbp:introduced |
the concept of discharge of debts
|
gptkbp:is_aimed_at |
standardizing bankruptcy procedures
|
gptkbp:is_considered |
a landmark in U. S. bankruptcy law
|
gptkbp:is_criticized_for |
due to its impact on creditors
favoring debtors over creditors its complexity and ambiguity not adequately protecting creditors' rights |
gptkbp:is_designed_to |
create a fair process for debt resolution
facilitate the rehabilitation of debtors protect honest debtors provide relief to over-indebted individuals reduce the stigma of bankruptcy. |
gptkbp:is_implemented_in |
address the needs of debtors
|
gptkbp:is_opposed_by |
creditor organizations
|
gptkbp:led_to |
the establishment of bankruptcy courts
|
gptkbp:notable_changes |
established the role of bankruptcy judges
introduced the concept of voluntary bankruptcy |
gptkbp:passes_through |
the context of economic distress
respond to the economic crisis of the 1890s |
gptkbp:provided |
for the treatment of secured and unsecured creditors
|
gptkbp:purpose |
to establish a uniform system of bankruptcy in the United States
|
gptkbp:related_to |
bankruptcy law
|
gptkbp:repealed_by |
gptkb:Bankruptcy_Reform_Act_of_1978
|
gptkbp:replaced_by |
Bankruptcy Code
Bankruptcy Code of 1978 |
gptkbp:set_requirements |
for filing bankruptcy petitions
|
gptkbp:signed_by |
gptkb:President_William_Mc_Kinley
|
gptkbp:was_influenced_by |
the need for economic stability
the economic conditions of the 1890s |
gptkbp:was_part_of |
the broader context of U. S. economic policy
the broader legal reforms in the late 19th century the evolution of U. S. financial law the legal framework for economic recovery the legal reforms of the Progressive Era |
gptkbp:was_revised_to |
adapt to changing economic conditions
improve the efficiency of bankruptcy proceedings |
gptkbp:was_supported_by |
reform-minded legislators
various debtor advocacy groups |
gptkbp:bfsParent |
gptkb:Bankruptcy_Act_of_1875
|
gptkbp:bfsLayer |
7
|