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.

All labels observed (4)

How this entity was disambiguated

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 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
created 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
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
signedBy Jimmy Carter
subjectMatter bankruptcy
tookEffect October 1, 1979
topic United States bankruptcy reform
yearEnacted 1978

How these facts were elicited

Referenced by (14)

Full triples — surface form annotated when it differs from this entity's canonical label.

United States bankruptcy courts governingStatute Bankruptcy Reform Act of 1978
United States bankruptcy courts establishedAsSeparateCourts Bankruptcy Reform Act of 1978
Bankruptcy Reform Act of 1978 shortTitle Bankruptcy Reform Act of 1978
Bankruptcy Reform Act of 1978 alsoKnownAs 1978 Bankruptcy Code reform law
linked to: Bankruptcy Reform Act of 1978
United States Trustee Program establishedBy Bankruptcy Reform Act of 1978
Public Law 95-598 officialName Bankruptcy Reform Act of 1978
Public Law 95-598 shortName Bankruptcy Reform Act of 1978
Public Law 95-598 created modern United States Bankruptcy Code
linked to: Bankruptcy Reform Act of 1978
Bankruptcy Act of 1898 repealedBy Bankruptcy Reform Act of 1978
Bankruptcy Act of 1898 followedBy Bankruptcy Reform Act of 1978
United States Trustee legalBasis Bankruptcy Reform Act of 1978
subject linked to: United States Trustees
Northern Pipeline Construction Co. v. Marathon Pipe Line Co. relatedStatute Bankruptcy Act of 1978
linked to: Bankruptcy Reform Act of 1978
United States Bankruptcy Court for the District of South Carolina governingStatute Bankruptcy Reform Act of 1978