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The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy.As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankruptcy as a quasi-criminal act, to one focused on solving and repaying debts for people and businesses suffering heavy losses.
Companies that filed for Chapter 11 bankruptcy in 1980 (6 P) Companies that filed for Chapter 11 bankruptcy in 1981 (7 P) Companies that filed for Chapter 11 bankruptcy in 1982 (13 P)
County Seat – founded in 1973, the denim-focused mall retailer expanded in the 1980s to nearly 500 stores. It filed for bankruptcy in 1996 and shuttered stores, and another bankruptcy in 1999 put the company out of business. [55] Cygnet Shops – women's fashion store that closed in 1975
Pages in category "Companies that filed for Chapter 11 bankruptcy in 1980" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes .
On April 13, 1989, American Continental Corporation filed for Chapter 11 bankruptcy. [4] It was liquidated by the court in December 1990. [5] The loss of investors' life savings in Lincoln became one of the key events of the 1980s Savings and loan crisis and the core of the Keating Five political scandal.
He owed $16–32 million to the IRS during the 1980s. [126] $16 million in his assets was seized by the IRS before the bankruptcy. [127] His IRS debt was later settled at a discount rate. [128] Melba Moore [129] [130] [131] American singer and actress —
The bank's collapse coincided with the 1980s oil glut and Penn Square was the first of 139 Oklahoma banks that failed in the 1980s. The insolvency was the subject of two best-selling books and led to a two-year prison term for the bank's energy-lending chief, Bill Patterson.
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...