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The Bankruptcy Act of 1898 (Act of July 1, 1898, ch. 541, 30 Stat. 544) was the first permanent bankruptcy law and remained in effect until the passage of the Bankruptcy Reform Act of 1978 (Pub. L. 95–598, 92 Stat. 2549, November 6, 1978). The 1898 Act created "courts of bankruptcy" defined as the district courts of the United States.
When you file for Chapter 7 or Chapter 13 bankruptcy, you will need to attend credit counseling. Your credit counselor will go over your options and help create a plan. Your credit counselor will ...
Declaring bankruptcy isn't your only option. Read on to explore a few other choices that may provide better outcomes for your financial situation. Before You File for Bankruptcy, Consider These 3 ...
Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. [2] Certain politicians and scholars have argued that the law should be amended to allow states to file for bankruptcy. [2] [3] [4]
There is no minimum amount of debt required to file for bankruptcy. Because of legal fees and long-term financial consequences, it may not be worth filing with less than $10,000 in dischargeable debt.
Michael John Gray (born June 30, 1976) is a small business owner and the Woodruff County Judge from Augusta, Arkansas. He represented a rural area of the Arkansas Delta in the Arkansas House of Representatives from 2015 to 2017. Gray served as chair of the Democratic Party of Arkansas from 2017 to 2021. He has been Woodruff County Judge since 2023.
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