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.

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AI-generated illustration of Bankruptcy Reform Act of 1978

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the 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.)

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 ⓘ