Bankruptcy Act of 1898
E354497
The Bankruptcy Act of 1898 was the first lasting federal bankruptcy law in the United States, establishing a comprehensive system for handling insolvency that governed American bankruptcy practice for most of the 20th century.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Bankruptcy Act of 1898 canonical | 3 |
| Nelson Bankruptcy Act | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T3391851 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Bankruptcy Act of 1898 Context triple: [Bankruptcy Reform Act of 1978, replaced, Bankruptcy Act of 1898]
-
A.
Bankruptcy Reform Act of 1978
The Bankruptcy Reform Act of 1978 is a landmark U.S. federal law that overhauled the nation’s bankruptcy system, creating the modern bankruptcy code and structure of bankruptcy courts.
-
B.
Bankruptcy Amendments and Federal Judgeship Act of 1984
The Bankruptcy Amendments and Federal Judgeship Act of 1984 is a U.S. federal law that overhauled the bankruptcy system and restructured the jurisdiction and authority of federal bankruptcy courts and judges.
-
C.
Banking Act of 1935
The Banking Act of 1935 was a landmark U.S. law that restructured the Federal Reserve System and strengthened federal control over monetary policy and bank regulation during the New Deal era.
-
D.
United States bankruptcy law
United States bankruptcy law is the federal legal framework that governs how individuals and businesses resolve or discharge their debts through court-supervised proceedings.
-
E.
Foraker Act
The Foraker Act was a 1900 U.S. federal law that established civilian government in Puerto Rico following the Spanish–American War, defining the island’s political and economic relationship with the United States.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Bankruptcy Act of 1898 Target entity description: The Bankruptcy Act of 1898 was the first lasting federal bankruptcy law in the United States, establishing a comprehensive system for handling insolvency that governed American bankruptcy practice for most of the 20th century.
-
A.
Bankruptcy Reform Act of 1978
The Bankruptcy Reform Act of 1978 is a landmark U.S. federal law that overhauled the nation’s bankruptcy system, creating the modern bankruptcy code and structure of bankruptcy courts.
-
B.
Bankruptcy Amendments and Federal Judgeship Act of 1984
The Bankruptcy Amendments and Federal Judgeship Act of 1984 is a U.S. federal law that overhauled the bankruptcy system and restructured the jurisdiction and authority of federal bankruptcy courts and judges.
-
C.
Banking Act of 1935
The Banking Act of 1935 was a landmark U.S. law that restructured the Federal Reserve System and strengthened federal control over monetary policy and bank regulation during the New Deal era.
-
D.
United States bankruptcy law
United States bankruptcy law is the federal legal framework that governs how individuals and businesses resolve or discharge their debts through court-supervised proceedings.
-
E.
Foraker Act
The Foraker Act was a 1900 U.S. federal law that established civilian government in Puerto Rico following the Spanish–American War, defining the island’s political and economic relationship with the United States.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
bankruptcy law ⓘ |
| alsoKnownAs |
Bankruptcy Act of 1898
ⓘ
surface form:
Nelson Bankruptcy Act
|
| amendedBy | Chandler Act of 1938 ⓘ |
| appliedLawType | federal bankruptcy jurisdiction ⓘ |
| appliesTo |
corporate debtors
ⓘ
individual debtors ⓘ railroad corporations ⓘ |
| chamberOfOrigin | United States Senate ⓘ |
| characteristic |
allowed discharge of debts for honest but unfortunate debtors
ⓘ
first lasting federal bankruptcy law in the United States ⓘ provided for involuntary bankruptcy ⓘ provided for voluntary bankruptcy ⓘ |
| codifiedIn |
Title 11 of the United States Code
ⓘ
surface form:
Title 11 of the United States Code (historical)
|
| containsProvisionOn |
appointment of bankruptcy trustees
ⓘ
discharge of debts ⓘ liquidation of assets ⓘ priority of creditor claims ⓘ reorganization of railroads ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| created | system of federal bankruptcy courts ⓘ |
| dateEnacted | 1898-07-01 ⓘ |
| effect |
established uniform national bankruptcy system
ⓘ
limited state control over bankruptcy ⓘ |
| enactedBy | United States Congress ⓘ |
| followedBy | Bankruptcy Reform Act of 1978 ⓘ |
| goal |
equitable distribution to creditors
ⓘ
fresh start for debtors ⓘ orderly administration of insolvent estates ⓘ |
| governed | United States bankruptcy practice in the 20th century ⓘ |
| historicalSignificance | foundation of modern U.S. bankruptcy law ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| legalArea |
commercial law
ⓘ
debtor–creditor law ⓘ |
| namedAfter | Knute Nelson ⓘ |
| precededBy | Bankruptcy Act of 1867 ⓘ |
| provided | composition and extension procedures for debt adjustment ⓘ |
| publicLawNumber | 30 Stat. 544 ⓘ |
| repealedBy | Bankruptcy Reform Act of 1978 ⓘ |
| repealedOn | 1979-10-01 ⓘ |
| shortName | Nelson Act ⓘ |
| signedBy | William McKinley ⓘ |
| sponsorInSenate | Knute Nelson ⓘ |
| subjectMatter |
bankruptcy
ⓘ
insolvency ⓘ |
| timeInForce | 1898–1979 ⓘ |
| tookEffectOn | 1898-07-01 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Bankruptcy Act of 1898 Description of subject: The Bankruptcy Act of 1898 was the first lasting federal bankruptcy law in the United States, establishing a comprehensive system for handling insolvency that governed American bankruptcy practice for most of the 20th century.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Nelson Bankruptcy Act