View source for Bankruptcy Reform Act of 1978

[[Bankruptcy Reform Act of 1978]] is the law that has been enacted to speed up and streamline bankruptcy proceedings. This law represented a shift to a relative priority doctrine of creditors' claims.


==Definitions==
According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]],
:[[Bankruptcy Reform Act of 1978]]. Enacted to speed up and streamline bankruptcy proceedings. This law represented a shift to a relative priority doctrine of creditors' claims.

==Related concepts==
*[[Financial management]]. A combination of [[enterprise effort]]s undertaken in order to procure and utilize monetary resources of the [[enterprise]].

==Related lectures==
*[[Introduction to Financial Management]]. 

[[Category: Financial Management]][[Category: Articles]]