Bankruptcy: An Emerging Financial Strategy
Abstract
The origin of bankruptcy dates back to the laws of the Roman Empire which were instrumental in the formation of both English and American laws (Galligan, 1991). However, it was not until 1898 that the United States enacted its bankruptcy laws for the first time. Later, the Chandler Act of 1938 was added in order to legislate reorganisation into existing bankruptcy laws. In order to expand this critical domain, the 1978 Bankruptcy Reform Act was made into law. Finally, Congress passed the Bankruptcy Amendments and Federal Judgeship Act in 1984 so that some weaknesses in the 1978 reform act could be improved.
Citation
Tavakolian, H. (1994), "Bankruptcy: An Emerging Financial Strategy", Management Research News, Vol. 17 No. 5/6, pp. 51-60. https://doi.org/10.1108/eb028343
Publisher
:MCB UP Ltd
Copyright © 1994, MCB UP Limited