Glossary of Bankruptcy

BANKRUPTCY ACT OF 1898

Bankruptcy Act of 1898: translation

Bankruptcy Act of 1898
the basis of the federal bankruptcy statutes used until the Bankruptcy Reform Act of 1978. It provided primarily for liquidation of companies; reorganization could be affected indirectly under the 1898 Act through equity receiverships (these were used to keep creditors from seizing the assets of distressed companies) (Glossary of Common Bankruptcy Terms)

United Glossary of Bankruptcy Terms2012.


  1. bankruptcy act of 1898—док. эк. юр. амер. закон О банкротстве г. закон регулировавший вопросы ликвидации неплатежеспособных компаний стал первым американским законом предусматривавшим такую фо...Англо-русский экономический словарь