Class 1: Tuesday, June 25

Topic: What is debt? How is it formed?

Assignment: Inside Bankruptcy Law Chapters 1, 2, and 3
Ch. 1 The Secured Creditors Rights: A Brief Intro
A. Types of Secured Claims or Liens
a. Voluntary liens
b. Involuntary liens
i. Judicial liens
ii. Statutory liens
B. Liens Attach to a Specific Property

Ch. 1 Notes:
Secured creditors get better treatment b/c they have a security agreement
w/the debtor giving them K rights to the collateral supporting their loan
Lower-risk loan
Secured creditors have Collateral or security backing right to take prop
from borrower if borrower doesnt repay
o security interest right to take the property if the debtor doesnt pay
o secured lender can take the collateral if not repaid, more likely it will
be paid
o borrowers pledge collateral to secure a loan
unsecured creditor lender w/o collateral (gen. creditor) when debtor defaults
on unsecured, unsecured cannot simply take collateral, b/c no coll to take
o remedy court, prove owes debt, get judgment, try collecting

A. Types of secured claims or liens (3)
a. Voluntary liens created by K b/t the debtor and creditor. D typically
gives an Art 9 security interest or a mortgage to a secured party in order to
obtain credit from creditor
b. Involuntary
i. Judicial liens created by court through execution process, not
created by K, C tries collecting by taking property through
judgment, execution and sale process, all occur against Ds will.
ii. Statutory liens (common law liens) court-created rule of law,
example LLs lien in property left on premises by a T, LL can sell
and use proceeds to pay past rent; mechanics lien

Ch. 2 State Collection Law
A. State Court Collection Process
a. The execution process
b. Involuntary real estate liens
B. State law exemptions
a. State law exemptions and bankruptcy
C. The Fair Debt Collection Practices Act and other Regulation of
Collection Activity
D. Fair Credit Reporting Act
p. 11-22
E. Fraudulent Transfers Under the Uniform Fraudulent Tramnsfers Act
(UFTA)
a. The purpose of fraudulent transfer law
b. The elements of a fraudulent transfer

Ch. 3 Intro to the Bankruptcy System
A. Intro to Bankruptcy Theory
B. A brief history of bankruptcy
C. Intro to the types of bankruptcy cases (CHAPTER 7, 13, 12, 11, 9, 15)
D. Bankruptcy court jurisdiction and the Law Bankruptcy Courts Apply
E. Case administration and the Structure of the code


Class 2: Wednesday, June 26

Topic: Types of U.S. Bankruptcies
Assignment: Inside Bankruptcy Law Chapters 10, 13 and 14; Bankruptcy Code (BC)
101 through 109

Class 3: Thursday, June 27

Topic: Automatic Stay
Assignment: Inside Bankruptcy Law Chapters 4 and 17; BC 361 and 362

Class 4: Friday, June 28
Topic: Property of the Estate; Exemptions
Assignment: Inside Bankruptcy Law Chapters 5 and 6; BC 541 through 543


Class 5: Monday, July 1
Topic: Secured Claims and Avoiding Powers
Assignment: Inside Bankruptcy Law Chapters 8 and 9, BC 506; 544 through 554

Class 6: Tuesday, July 2
Topic: Priority Claims
Assignment: Inside Bankruptcy Law Chapter 7; BC 507

Class 7: Wednesday, July 3
Topic: Begin discussion of discharge
Assignment: Inside Bankruptcy Law Chapter 11, BC 523, 727, 1141 and 1328

Class 8: Monday, July 8
Topic: Discharge discussion continues

Class 9: Tuesday, July 9
Topic: Discharge discussion continues
p. 23 - 40

Class 10: Wednesday, July 10
Topic: Cross Border Bankruptcy
Assignment: See Blackboard

Class 11: Thursday, July 11
Topic: Sovereign Debt Restructuring
Assignment: See Blackboard

Class 12: Monday, July 15
Topic: Bankruptcy Laws of Northern Europe
Assignment: See Blackboard

Class 13: Tuesday, July 16
Topic: Bankruptcy Laws of Southern Europe
Assignment: See Blackboard

Class 14: Wednesday, July 17
Topic: Bankruptcy Laws of North and Central America
Assignment: See Blackboard

Class 15: Thursday, July 18
Topic: Bankruptcy Laws of South America
Assignment: See Blackboard

Class 16: Monday, July 22
Topic: Bankruptcy Laws of Africa and of Israel
Assignment: See Blackboard.

Class 17: Tuesday, July 23
Topic: Bankruptcy Laws of Islamic Countries outside Africa
Assignment: See Blackboard

Class 18: Wednesday, July 24
Topic: Bankruptcy Laws of China/ Japan and other Asian Countries
Assignment: See Blackboard

Class 19: Thursday, July 25
Topic: Bankruptcy Laws of Australia and New Zealand
Assignment: See Blackboard

Class 20: Friday, July 26
Topic: Bankruptcy Laws of Russia/India
Assignment: See Blackboard