Debtors Act of 1869 Law and Legal Definition
Debtor’s Act of 1869 is an English statute that was enacted to consolidate all of the bankruptcy laws then in force in England. The main provisions of the Act include :
(1) abolishing imprisonment for debt except in certain cases, as when a debtor owed a debt to the Crown or a debtor had money but refused to pay a debt;
(2) abolishing arrest by mesne process, that is, by compelling the defendant to appear and give bail unless it was believed that the defendant would leave the country;
(3) obtaining credit under false pretenses or to defraud creditors was made a misdemeanor;
(4) defining how warrants and judgment orders would be executed.
Debtor’s Act is otherwise known as the Bankruptcy Act of 1896.