Bankruptcy Act

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What does Bankruptcy Act mean in American Law?

The definition of Bankruptcy Act in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

The most recent version of this federal act regulating bankruptcy is styled the “Bankruptcy Reform Act of 1978” (11 U.S.C. § 101 et seq.). Previous major bankruptcy acts had been passed in 1800, 1841, 1867, and 1898 which last, as extensively amended by the Chandler Act in 1938, was to continue to apply to a limited extent until April 1, 1984.