Debtor/Creditor & Bankruptcy Law

SLN #: 84282
Course Prefix: LAW-653
Course Section: 001
Credit Hours: 3
Instructor(s): Baum

Course Description:
This course will cover basic debtor-creditor law and bankruptcy law and practice. It begins with the state and common law governing how money judgments are enforced, debtors' strategies to avoid collection, and who gets paid when there is not enough money to go around. This also includes federal statutory limitations on collection remedies. It then addresses liquidation under Chapter 7 of the Bankruptcy Code, the effect of the discharge of debts in bankruptcy, the exceptions to discharge, and the new “means test” limitations on eligibility to file for a Chapter 7 discharge. This leads to the Chapter 13 "wage earner" plan for repayment of creditors over time. The latter half of the course will focus more on aspects of commercial bankruptcy law, including the automatic stay, preferences and fraudulent conveyances, and the trustee's "strong arm" powers. It is these laws that prescribe the outer limits of creditors' rights and make the bankruptcy courts the de facto commercial courts for the nation. There are no prerequisites to this course, although a background in secured transactions would be very helpful.

Additional Information:
Credit Hours: 3
Grading Option: Letter Grade Only
Graduation Writing Requirement: No
Flexible Writing Requirement: No
Skills Requirement: No
Experiential Learning: No
Special Withdrawal Course: No
Final Exam Given: Yes
Final Exam Type: In-Class - Completely Secure
Attendance Policy: Per Statement Of Student Policies

* The law school has a policy that Is used To calculate credit hours. Please see the Statement of Student Policies.