Show Bankrupt Law Now ow in Force orce WASHINGTON Sept 22 UP The RI-The The new bankruptcy law described by justice department officials as the first comprehensive revision of Bankruptcy statutes since 1899 be became became became be- be came effective today The act is highly technical but contains two provisions provision of interest to laymen One is designed to protect protect protect pro pro- creditors credito from possible exploitation exploitation exploitation ex ex- during the settlement of corporation bankruptcy cases It authorizes them to obtain legal as assistance assistance assistance as- as without cost from the se securities securities securities se- se commission In other bankruptcy proceedings the new law authorizes the court to call on a federal attorney to examine examine examine exam- exam ine the bankrupt and if advisable to oppose the bankrupts bankrupt's petition Previously Previously Previously Pre Pre- federal attorneys had jurisdiction jurisdiction jurisdiction juris juris- diction only when criminal violation was involved |