Bankruptcy Reform Act of 1978
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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 efforts undertaken in order to procure and utilize monetary resources of the enterprise.
