Act of bankruptcy

(redirected from Bankruptcy Acts)
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(Law) an act of a debtor which renders him liable to be adjudged a bankrupt.

See also: Act

References in periodicals archive ?
constitutionality of the Bankruptcy Acts of 1841 and 1867.
The source of this expansive and unique power was codified in the English bankruptcy acts of the 16th, 17th and 18th centuries, (52) which were "centered around the construct of a bankrupt's 'estate.
Under previous bankruptcy acts, liens passed through bankruptcy unaffected.
By the end of the nineteenth century, all Australian colonies had developed their own bankruptcy legislation based on the English Bankruptcy Acts.
34) During the nineteenth century, in response to various national economic concerns, Congress enacted three controversial bankruptcy acts that focused on providing liquidation for the benefit of creditors with little attention to the needs of debtors.
Now the discharge in bankruptcy acts as an injunction against future collection efforts.
Although the United States has had many Bankruptcy Acts on the books, the Act of 1898 lasted the longest, enduring eighty years, until it was replaced by the Bankruptcy Reform Act of 1978.
Three federal bankruptcy acts were passed--in 1800, 1841, and 1867--but all were repealed shortly after their enactment for several reasons.
Creditors should remember that a trustee in bankruptcy acts as a court officer and owes a duty of care to both the creditors and the debtor.
fear is built up within teachers and administrators with items such as merit pay, school bankruptcy acts, tuition voucher plans, as well as commercial companies providing education for students.
Since this Article argues in part that dismissal for substantial abuse based on ability to pay from future income is a radical departure from the past, this Part provides a brief sketch of the debtor's situation under prior bankruptcy acts.
Both the 1800 and the 1841 Bankruptcy Acts raised complaints from all sides because of their high costs of administration and the costliness of travel to federal courts.