Bankruptcy Act

Bankruptcy Act
A national bankruptcy act. There have been four of such acts in the United States, effective respectively in 1800, 1841, 1867, and 1898. The last of these is the present Bankruptcy Act, although some have regarded the Amendatory Act of 1938, known as the Chandler Act, as a new bankruptcy act because of the very extensive revision which it made of the Act of 1898. There have, of course, been amendments since 1938, but none of them so extensive by any means as the Chandler Act.

Ballentine's law dictionary. . 1998.

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