Course Number: LAW 6052 Credits: 3
The bankruptcy course covers creditors’ remedies and debtors’ rights under state law and in federal bankruptcy proceedings. The course dives into the complex world of financial distress, the relative priority given to different classes of creditors, and the law, policy, and ethics of insolvency in the American federalist system. State law topics include execution, attachment, garnishment, and proceedings in aid of execution. Bankruptcy topics include liquidations, reorganizations, sales, and clawback actions. Students focus not only on what the rules are, but also on how lawyers can help their clients navigate tough times. Professional interest in bankruptcy as a practice area is not a requirement for the course.