Section 77B of the Bankruptcy Act has been in effect since June 7, 1934. Its novelty and recognized importance in the field of corporate reorganizations have aroused great interest and wide discussion. The attention which it has received has brought to the fore criticisms of many aspects of the statute.
SECTION 77B, THE CHANDLER BILL AND OTHER PROPOSED REVISIONS,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol35/iss3/2