Bankruptcy Act

Bankruptcy Act
n. The federal statute, adopted in 1898, that governed all bankruptcy cases filed before October 1, 1979.

Webster's New World Law Dictionary. . 2000.

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  • Bankruptcy Act of 1898 — The Bankruptcy Act of 1898 ( Nelson Act , July 1, 1898, ch. 541, 30 Stat. 544) was the first United States Act of Congress involving Bankruptcy that gave companies an option of being protected from creditors. Previous attempts at… …   Wikipedia

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  • Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 — Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as… …   Glossary of Bankruptcy

  • Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 — This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as well with the heaviest impact on smaller (those listing less than $2… …   Glossary of Bankruptcy

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