Bankruptcy Act of 1898 is the basis of the federal bankruptcy statutes used until the Bankruptcy Reform Act of 1978; provided primarily for liquidation of companies; reorganization could be effected indirectly under the 1898 Act through equity receiverships (these were used to keep creditors from seizing the assets of distressed companies).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). Bankruptcy Act of 1898. Retrieved September 23, 2026, from http://smartdefine.org/bankruptcy_act_of_1898/definitions/1148381 |
| Chicago | Barry Goldsmith. 2010. "Bankruptcy Act of 1898" http://smartdefine.org/bankruptcy_act_of_1898/definitions/1148381 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, Bankruptcy Act of 1898, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/bankruptcy_act_of_1898/definitions/1148381>. |
| MLA | Barry Goldsmith. "Bankruptcy Act of 1898" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/bankruptcy_act_of_1898/definitions/1148381> |