Report of the Committee On Commercial Law: Bankrupt Law : to Be Presented At ...

Cover Report of the Committee On Commercial Law: Bankrupt Law : to Be Presented At ...
Report of the Committee On Commercial Law: Bankrupt Law : to Be Presented At ...
American Bar Association. Committee On Commercial Law
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They believe that the Bankrupt Law, brought to its present improved state largely through the influence of this Association, should be and remain a part of the legal polity of the nation. It should be per- fected in all respects in which further improvement is possible.
It should be made as far as possible a relief for the honest debtor, a protection for the honest creditor, and a means of punishment of all fraud in connection with bankruptcy. If Digitized by Google there are faults in the legi
...slation, they should be remedied by amendment. They should be eliminated by perfecting the existing law. If at any place or at any time this law is found to work injustice, its administration should* be improved; but the body of the law should remain. To repeal the present law, only to re-enact another at some future time full of the crudities of new legislation, seems the height of legislative folly. If the law remains, modified only when necessary to make its provisions more logical and its administration more accurate, the business community and the legal profession will readily accommodate themselves to the changes as they have already accommodated themselves to the body of the enact- ment.

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