Bankruptcy is a proceeding by which possession of the property of a debtor is taken for the benefit of his creditors, generally by a Receiver appointed by the Court. ... In 1997 in Bangladesh the Bankruptcy Act* was enacted, which deals with bankruptcy of individuals only. Ten years have already passed. 

bankruptcy law public or private law?

These two branches of law are a part of private law. Insolvency occurs because a person cannot meet the civil liabilities he has assumed. Bankruptcy law is thus super-imposed on civil law provisions because the normal operation of such provisions is disturbed by the debtor's insolvency.