The scandals associated with these and other incidents prompted the U.S. Congress to pass the Bankruptcy Act of 1800, modeled on English practice, which limited petitioning a creditor for relief to merchants, bankers, and brokers.
The controversies surrounding these and other cases prompted the U.S. Congress to enact the Bankruptcy Act of 1800, based on English precedent, which restricted creditors from seeking assistance from merchants, bankers, and brokers.