LAW7520 Bankruptcy Law

This course will introduce you to the law governing the relationships between financially distressed people and businesses (those who owe, “debtors”) and their creditors.  At the beginning of the course, the class will briefly cover what rights debtors and creditors have outside of bankruptcy (basically under state law), and then turn to bankruptcy as an alternative option for addressing financial difficulties.  The course will focus primarily on the rules in the federal Bankruptcy Code of 1978, as amended, and their application in regulating the liquidation or reorganization of debtors and their property. Students will become familiar with the language of bankruptcy, including some terms from the law of Secured Transactions. Pre-requisite: None