Bankruptcy Act of 1898

GPTKB entity

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