| This course is an introduction to federal bankruptcy law in which we will study the rights and duties of debtors, together with the rights of secured and unsecured creditors, under the Bankruptcy code. The course will focus on the policy considerations that underlie the Code, and the provisions of the Code that apply in both business and consumer cases (e.g., the powers of a bankruptcy trustee, the automatic stay, fraudalent conveyances, and the bankruptcy courts). Although we will pay particular attention to business reorganizations under chapter 11, the course will also include sessions devoted to consumer debtors and credit card debts.
This is the first of three courses (the other two are Secured Credit and Commercial Paper) dealing with the financing of commercial ventures through means other than the sale of corporate stock. These courses may be taken in any order: neither presupposes any knowledge of the others. Students who cannot take all three should probably prioritize them in the order they are listed -- that is, Bankruptcy is the single most important course to take, then Secured Credit, then Commercial Paper.
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