Suvarna Garge (Editor)

Bankruptcy Reform Act of 1978

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Effective  November 6, 1978
Statutes at Large  92 Stat. 2549
Public law  95-598
Titles amended  11 U.S.C.: Bankruptcy
Bankruptcy Reform Act of 1978
Long title  An act to establish a uniform law on the subject of bankruptcies.
Enacted by  the 95th United States Congress

The Bankruptcy Reform Act of 1978 (Pub.L. 95–598, 92 Stat. 2549, November 6, 1978) is a United States Act of Congress regulating bankruptcy.

The current Bankruptcy Code was enacted in 1978 by § 101 of the Act which generally became effective on October 1, 1979. The current Code completely replaced the former Bankruptcy Act of 1898, sometimes called the "Nelson Act" (Act of July 1, 1898, ch. 541, 30 Stat. 544). The current Code has been amended multiple times since 1978. (See, e.g. Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.)

This Act prohibits employment discrimination against anyone who has declared bankruptcy.

References

Bankruptcy Reform Act of 1978 Wikipedia


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