The First Federal Bankruptcy Act [Bankruptcy]. [United States]. A Bill to Establish an Uniform System of Bankruptcy, Throughout the United States. Philadelphia: Printed by T.L. Plowman, 1801. 28 pp. Octavo (6-3/4" x 4-1/4"). Disbound stab-stitched pamphlet. Moderate toning, light soiling to exterior, a few minor spots to title page. Rare. $1,500. * A printing of the first Federal bankruptcy act, which was enacted in February 1800. Intended to encourage economic risk and reform the complicated patchwork of debtor laws in force in the different states, it was modeled on the bankruptcy law of the world's leading commercial power, Great Britain. Never a popular law, it was routinely attacked as a shield for the financially irresponsible and finally repealed in November 1803. The United States would not have another national bankruptcy law until 1841. OCLC locates 1 copy (at Harvard). Not in Cohen or Sabin.
Book number 73489