This course will examine the law, the practice, and current legal issues in bankruptcy, as well as certain related state and federal debtor-creditor law rules and procedures. The principal objective of this course is an in-depth analysis of the Bankruptcy Code. The course will address to varying degrees the structure and process of both consumer and business bankruptcy proceedings. Special emphasis will be placed on protection of the insolvent debtor, the discharge of debts, the constituents of a bankruptcy estate, the allowance of and priorities among claims, the treatment of executory contracts, and the avoidance of transfers. The interaction between bankruptcy law and nonbankruptcy law will be considered, and attention will be devoted throughout the course to the competing goals of debtors and creditors that underlie the bankruptcy system.
Margaret Howard, Bankruptcy (West) and a statutory supplement containing the Federal Bankruptcy Code and select other commercial law statutes.
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3 hours in-class examination
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