Bankruptcy Reform Act of 1978

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Bankruptcy Reform Act of 1978

A major overhaul of previous bankruptcy law in the United States. The Act forms the basis for how bankruptcies have been conducted ever since. The Act provides for three main types of bankruptcy. Chapter 7 provides for liquidation of a business and discharge of debts. Chapter 11 allows corporations to continue operations after reorganization. Chapter 13 restructures debt but does not forgive it. See also: Bankruptcy Abuse Prevention and Consumer Protection Act, Bankruptcy and Insolvency Act.
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2415, the "Gekas-Grassley Bankruptcy Reform Act of 2000" that was pocket vetoed last December by then- President Clinton.
Eight major mortgage banking industry law firms have organized a symposium to collaborate with the mortgage banking industry to review and help establish best practices with regard to the new Bankruptcy Reform Act which goes into effect on October 17, 2005.
The Bankruptcy Reform Act is bipartisan legislation that passed overwhelmingly in the House of Representatives.
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NEW YORK -- The expected passage of the Bankruptcy Reform Act by the U.
833, the Bankruptcy Reform Act of 1999, as passed by the House of Representatives:
The bankruptcy reform legislation, widely expected to gain passage in the House and signed into law as early as mid April, is the most comprehensive bankruptcy reform legislation since the Bankruptcy Reform Act of 1994.
Furthermore, under the Bankruptcy Reform Act of 2005, anyone who files for bankruptcy must first visit one of these agencies.
More than 50 attorneys attended this seminar designed to recruit and train pro bono attorneys on the New Bankruptcy Reform Act.
According to the CCH Bankruptcy Reform Act Briefing, the means test is designed to "force those debtors who have the ability to pay some of their debts into Chapter 13 as opposed to liquidating under Chapter 7 and wiping the slate clean.
Bankruptcies filed by members of the credit union jumped from 21 in March to 43 in April, as Congress deliberated and then passed the bankruptcy reform act.
A mock trial, "A Tale of Two Juries," takes place on Friday, along with sessions on the 2005 Bankruptcy Reform Act.