Bankruptcy Reform Act of 1978

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Bankruptcy Reform Act of 1978
Great Seal of the United States
Long titleAn act to establish a uniform law on the subject of bankruptcies.
Enacted bythe 95th United States Congress
EffectiveNovember 6, 1978
Public law95-598
Statutes at Large92 Stat. 2549
Titles amended11 U.S.C.: Bankruptcy
U.S.C. sections created11 U.S.C. ch. 1
Legislative history
  • Introduced in the House as H.R. 8200 by Don Edwards (D-CA) on July 11, 1977
  • Committee consideration by House Judiciary, Senate Judiciary
  • Passed the House on February 1, 1978 (405-4)
  • Passed the Senate on September 7, 1978 (51-20, in lieu of S. 2266) with amendment
  • House agreed to Senate amendment on September 28, 1978 (agreed) with further amendment
  • Senate agreed to House amendment on October 5, 1978 (agreed)
  • Signed into law by President Jimmy Carter on November 6, 1978

The Bankruptcy Reform Act of 1978 (Pub. L. 95–598, 92 Stat. 2549, November 6, 1978) is a United States Act of Congress regulating bankruptcy.

The current Bankruptcy Code was enacted in 1978 by § 101 of the Act which generally became effective on October 1, 1979. The current Code completely replaced the former Bankruptcy Act of 1898, sometimes called the "Nelson Act" (Act of July 1, 1898, ch. 541, 30 Stat. 544). The current Code has been amended multiple times since 1978. (See, e.g. Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.)

This Act prohibits employment discrimination against anyone who has declared bankruptcy.

See also[edit]

Bankruptcy Act