Bankruptcy Act of 1896 Law and Legal Definition

The Bankruptcy Act of 1869 is an English Statute which was designed to consolidate all of the bankruptcy laws then current in England. It is primarily known for abolishing the debtors' prisons in England. The various provisions of the Act were repealed / amended main times. It is largely believed that the works of Charles Dickens led to the passage of the Act. Dickens' family spent time in debtors' prison, and he wrote about the problems with the system in a number of his books.