Business Bankruptcy

This course focuses on the issues that arise in connection with business bankruptcies, particularly under Chapter 11 of the Bankruptcy Code. Topics will include: the role of the debtor-in-possession; operation of a business under Chapter 11, including post-petition financing; the formulation and confirmation of a Chapter 11 plan; and business liquidations under Chapter 7. Specific legal issues covered will include: the avoidance powers of the trustee or debtor-in-possession; relief from the automatic stay; and the absolute priority rule. Prerequisites: none, though students may find Business Organizations useful background.