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LAW-2545 Bankruptcy Introduction
Prof. Carter G. Bishop,
3 credits day; 3 credits evening.
This course studies bankruptcy relief for individual and business debtors under chapter 7
(liquidation) and chapters 11 (reorganization) and 13 (rehabilitation). Topics covered include
pre-bankruptcy planning, the means test, eligibility, property of the estate, the automatic stay,
exemptions, lien avoidance, non-dischargeable debts including domestic support and other
marital obligations, jurisdiction issues, reaffirmation and redemption rights, the trustees avoiding
powers, avoidance actions (preferences and fraudulent transfers), chapter 11 and 13 plans, and
the bankruptcy discharge. Students should take this course if they plan to practice in a small firm,
represent consumers and small business owners, or apply for a bankruptcy court clerkship.
Prerequisite: Suggested Commercial Law Survey or Secured Transactions
Elective Course
Meets Financial Services Concentration Requirements
Final Exam Required
<<Course Updated: March 26, 2015>>