Bill to Enable Debtor Railroad Corporations to Readjust Financial Structure, 1946-03-28

Item — Box: 6, Folder: Unknown

Identifier: CAC_CC_047_1_6_37_0001

Staff Only

This bill aims to allow debtor railroad corporations with sufficient earnings to pay fixed charges over a seven-year period to restructure their finances without going through the bankruptcy process under section 77 of the Bankruptcy Act. It outlines the conditions and procedures for such a readjustment, including the involvement of the Interstate Commerce Commission and the appointment of trustees. The bill also clarifies that the provisions do not limit other rights of the debtor or parties involved in bankruptcy proceedings.

Dates

1946-03-28

Language of Materials

English

Access Restriction

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