Bankruptcy Reform Act of 1978
|Long title||An act to establish a uniform law on the subject of bankruptcies.|
|Enacted by||the 95th United States Congress|
|Effective||November 6, 1978|
|Statutes at Large||92 Stat. 2549|
|Titles amended||11 U.S.C.: Bankruptcy|
|U.S.C. sections created||11 U.S.C. ch. 1|
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.