Bankruptcy Reform Act of 1978
E71437
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.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| 1978 Bankruptcy Code reform law | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
bankruptcy law ⓘ |
| aimedTo |
balance debtor relief with creditor protections
ⓘ
modernize bankruptcy procedures ⓘ provide more uniform bankruptcy laws across the United States ⓘ |
| alsoKnownAs |
Bankruptcy Reform Act of 1978
ⓘ
surface form:
1978 Bankruptcy Code reform law
|
| amendedBy |
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
ⓘ
Bankruptcy Amendments and Federal Judgeship Act of 1984 ⓘ |
| appliesTo |
business debtors
ⓘ
individual debtors ⓘ |
| appliesWithin | all U.S. states and territories subject to federal bankruptcy jurisdiction ⓘ |
| branchOfGovernment | legislative branch of the United States ⓘ |
| codifiedIn | Title 11 of the United States Code ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| created |
United States bankruptcy law
ⓘ
surface form:
United States Bankruptcy Code
separate bankruptcy courts as units of the federal district courts ⓘ |
| enactedBy | United States Congress ⓘ |
| established |
current system of United States bankruptcy courts
ⓘ
modern United States bankruptcy code structure ⓘ |
| governs |
Chapter 11 reorganization cases
ⓘ
Chapter 13 – Adjustment of Debts of an Individual with Regular Income ⓘ
surface form:
Chapter 13 adjustment of debts of an individual with regular income
Chapter 7 liquidation cases ⓘ |
| historicalSignificance | created the modern U.S. bankruptcy system ⓘ |
| includes |
provisions on automatic stay
ⓘ
provisions on avoidance powers ⓘ provisions on bankruptcy estate ⓘ provisions on discharge of debts ⓘ provisions on exemptions ⓘ provisions on priorities of claims ⓘ |
| influencedBy | Commission on the Bankruptcy Laws of the United States ⓘ |
| jurisdiction | federal law of the United States ⓘ |
| languageOfDocument | English ⓘ |
| legalArea | insolvency law ⓘ |
| longTitle | An Act to establish a uniform law on the subject of bankruptcies ⓘ |
| overhauled | federal bankruptcy system of the United States ⓘ |
| presidentAtSigning | Jimmy Carter ⓘ |
| provides | framework for liquidation and reorganization under federal bankruptcy law ⓘ |
| publicLawNumber | Public Law 95-598 ⓘ |
| reorganized | relationship between bankruptcy courts and United States district courts ⓘ |
| replaced | Bankruptcy Act of 1898 ⓘ |
| shortTitle | Bankruptcy Reform Act of 1978 self-link ⓘ |
| signedBy | Jimmy Carter ⓘ |
| subjectMatter | bankruptcy ⓘ |
| tookEffect | October 1, 1979 ⓘ |
| topic | United States bankruptcy reform ⓘ |
| yearEnacted | 1978 ⓘ |
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
1978 Bankruptcy Code reform law