LAW 6121 - Bankruptcy

Fall. 3 credits. Student option grading.

O. Lienau.

Selected topics in the law of bankruptcy, including consumer and business bankruptcy. The course will cover bankruptcy liquidation, the ‘fresh start’ in consumer bankruptcy, rehabilitation provisions, ‘avoiding powers’ (including preferences and fraudulent conveyances), treatment of secured creditors, priorities in asset distribution, and business reorganizations. We will also briefly discuss collection issues and sovereign bankruptcy. The course will refer to central policy debates about the social and economic consequences of bankruptcy, the proper extent of bankruptcy relief in relation to the functioning of financial markets and the American economy, and questions of bargaining power in debtor-creditor relations.