Public Law 95-598

E354496

Public Law 95-598 is the formal designation of the Bankruptcy Reform Act of 1978, a major U.S. federal statute that comprehensively overhauled the nation’s bankruptcy system.

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Label Occurrences
Public Law 95-598 canonical 1

Statements (47)

Predicate Object
instanceOf Bankruptcy law
United States federal statute
aimedAt balancing interests of debtors and creditors
modernizing bankruptcy procedures
providing more uniform bankruptcy law
amended Title 11 of the United States Code
codifiedAs 11 U.S.C. §§ 101 et seq.
contains provisions on automatic stay
provisions on discharge of debts
provisions on exemptions
provisions on priorities of claims
provisions on trustee powers
country United States of America
surface form: United States
created Bankruptcy Reform Act of 1978
surface form: modern United States Bankruptcy Code
dateSigned 1978-11-06
effectiveDate 1979-10-01
enactedBy Ninety-fifth United States Congress
surface form: 95th United States Congress
established United States bankruptcy courts
surface form: United States Bankruptcy Courts as separate units of the federal district courts

concept of estate in bankruptcy under Title 11
hasComponent transitional provisions for cases filed before effective date
inForce true
jurisdiction United States government
surface form: United States federal government
legislativeBody United States Congress
officialName Bankruptcy Reform Act of 1978
overhauled United States bankruptcy system
precededBy Bankruptcy Act of 1898
providesFor Chapter 11 reorganization
Chapter 13 adjustment of debts of an individual with regular income
Chapter 7 liquidation
publicLawNumber 95-598
regulates procedures for filing bankruptcy petitions
treatment of secured claims in bankruptcy
treatment of unsecured claims in bankruptcy
reorganized structure of bankruptcy courts
replaced Bankruptcy Act of 1898
scope business bankruptcy
consumer bankruptcy
municipal bankruptcy
shortName Bankruptcy Reform Act of 1978
signedBy Jimmy Carter
statutesAtLargeCitation 92 Stat. 2549
subjectMatter bankruptcy
debtor-creditor relations
insolvency
title An Act to establish a uniform law on the subject of bankruptcies
typeOfReform comprehensive bankruptcy reform
yearEnacted 1978

Referenced by (1)

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