Behind every loan, contract, transaction, and investment is the possibility that a party will become financially distressed. The possibility of bankruptcy also can shape the ability to enforce a wide range of laws and policies, such as related to the environment.
This course explores the law and policy of the federal bankruptcy system in addressing problems of financially distressed individuals, families, small businesses, and big corporations, and their creditors and other stakeholders (e.g., banks and other institutional lenders, governments, spouses and children, employees, retirees, tort claimants, trade suppliers, landlords, bondholders). May include some discussion of government debt and municipal bankruptcy.
This course is also extremely helpful preparation for a judicial externship or clerkship, particularly but not limited to the federal bankruptcy court (how I started my own career and a fabulous experience).