1898年美国国会颁布的破产法(the Bankruptcy Act )尽管有被称作“和解协议”(Composition)条文的第12条,但只适用于解决简单的债务纠纷。
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The Bankruptcy Reform Act of 年联邦破产法
The Act seeks to respect the Bankruptcy Code's fundamental principles of fairness and equity among similarly situated stakeholders.
该法案寻求尊重破产法的公平和同类利益拥有者之间平等的重要原则。
"Bankrupt" includes bankrupt under the Federal Bankruptcy act or insolvent under any state insolvent act.
“破产”包括根据联邦破产法的破产或根据任何州破产法的破产。
It is necessary to the operating function and embodying the deserved punishment of the negligent bankruptcy act.
这不仅仅是满足实践操作的需要,也是破产过失行为该当刑罚性的体现。
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