Democratic Sentinel, Volume 2, Number 21, Rensselaer, Jasper County, 5 July 1878 — Insolvency Laws. [ARTICLE]

Insolvency Laws.

The repeal of the national Bankrupt law, to take effect Sept. 1, puts the question of bankruptcy back into the hands of the States, whence it was taken by Congress. The old State laws will be revived, or, in many cases, new ones are likely to be made to meet the emergency, as in Rhode Island, and the merchants in the trade centers must familiarize themselves with "the differing existing statutes throughout the country. Only twenty-five of the States have insolvency laws which will become operative, and there is little uniformity about their provisions. The twenty are: California, Connecticut, Dakota, Delaware,

Idaho, Illinois, Indiana, Iowa!, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, North Carolina, Nebraska, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Vermont and Wisconsin.