B725 is taught by J. Carr, P. Foohey

This course will be taught by James M. Carr, JD 1975, judge of the US Bankruptcy Court of the Southern District of Indiana. It examines the nature of the legal relationship between debtors and creditors under the Bankruptcy Code as well as under non-bankruptcy law. It is intended to be a survey course that provides a general basis for advising consumer and business clients considering filing for bankruptcy or wanting to avoid detrimental impacts of others bankruptcy filings. It also will provide knowledge to support subsequent detailed study of business reorganization and bankruptcy procedure. Subjects covered include debt collection procedures under state law, the purposes of bankruptcy, liquidation under Chapter 7 of the Bankruptcy Code, individual debt adjustment under Chapter 13 of the Bankruptcy Code, business reorganization under Chapter 11 of the Bankruptcy Code, recovery of fraudulent transfers and preferential transfers, and the jurisdiction of the bankruptcy courts.

Bankruptcy is an extraordinarily rewarding area of practice. Even in large cities, the bankruptcy bar is a small subset of the legal community with a strong sense of collegiality, shared expertise, and their own specialized courts. Bankruptcy practitioners enjoy a pleasant mix of litigation and transactional practice centered around a unified code, which takes years of effort to fully master.

The course is taught through consideration of case opinions and solution of client-focused problems. The course grade is based primarily on a scheduled final examination.

There are no prerequisites for this course.