This is a survey of the United States Bankruptcy Code, with special emphasis on corporate reorganization. We will begin with a basic question: why do we need a bankruptcy law? As we answer this question, we will develop a set of policies that an optimal bankruptcy law should serve. These policies will frame our discussion as we study the principal provisions of the Bankruptcy Code, such as the automatic stay, claim valuation, strong-arm powers, absolute priority rule, and cramdown. We will ask whether these provisions serve optimal bankruptcy policy. Although we will emphasize corporate reorganization, most of the Code's provisions apply equally to corporate and consumer bankruptcies.
Section Offerings for 2012-13
|G. Warner||TR 9:10 AM-10:30 AM||GRHL 102|
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