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Time line of bankruptcy laws in the US

The following is a time line of official bankruptcy laws in the US:

  • United States Constitution, 1788, states under Article 1, Section 8 "To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States.”

  • The Bankruptcy Act of 1800

  • The Bankruptcy Bill of 1841

  • The Bankruptcy Act of 1867

  • The Bankruptcy Bill of 1898

  • The Bankruptcy Act of 1933

  • The Bankruptcy Act of 1934

  • The Chandler Act Reforms of 1938

  • The Bankruptcy Reform Act of 1978

  • The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

For more information on the origins of bankruptcy, please feel free to consult a Houston bankruptcy lawyer from the Rashid Law Firm.