Pfister & Saso, LLP

Bankruptcy Act of 1898

June 1946 amendment of the Bankruptcy Act of 1898 (ch. 280)


Act of June 3, 1946, ch. 280, 60 Stat. 230

An Act To amend an Act entitled “An Act to establish a uniform system of bankruptcy throughout the United States”, approved July 1, 1898, and Acts amendatory thereof and supplementary thereto

Seventy-Ninth Congress, Session II · Approved June 3, 1946

Rewrites section 75(c), the farmer-debtor provision, to extend the period for filing petitions for a composition or extension under section 75 to March 31, 1947, and to let a farmer’s petition and answer be received by the conciliation commissioner for the county and transmitted by him to the clerk for filing.

This is an unofficial transcription, prepared by Robert J. Pfister for ease of reading and copying. The authoritative text is the United States Statutes at Large.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 75(c) (U.S.C., title 11, sec. 203) of the Act of July 1, 1898, entitled “An Act to establish a uniform system of bankruptcy throughout the United States”, as amended, be and is amended to read as follows:

“(c) At any time prior to March 31, 1947, a petition may be filed by any farmer, stating that the farmer is insolvent or unable to meet his debts as they mature and that it is desirable to effect a composition or an extension of time to pay his debts. The petition or answer of the farmer shall be accompanied by his schedules. The petition and answer shall be filed with the court, but shall, on request of the farmer or creditor, be received by the conciliation commissioner for the county in which the farmer resides and promptly transmitted by him to the clerk of the court for filing. If any such petition is filed, an order of adjudication shall not be entered except as provided hereinafter in this section.”

Approved June 3, 1946.