Co-requisite: Students without prior basic exposure to business should normally take Corporations concurrently.

Exam Type: Please refer to the Fall 2020 Tentative Exam Schedule

This basic bankruptcy course covers the major facets of bankruptcy that influence business financing transactions. Much of the deal-making in a financing transaction is negotiated in anticipation of a possible reorganization in Chapter 11 or of a private reorganization in its shadow. I.e., corporate lawyers often negotiate loans for their business clients; regulators, creditors, and employees of shaky companies want to know what will happen if the company goes bankrupt. For many lawyers, contact with bankruptcy law is anticipatory and not in front of the bankruptcy judge. When feasible, students will read not just bankruptcy court opinions and the Bankruptcy Code, but materials that financing lawyers use day-to-day: a loan agreement, a prospectus, a complaint in a loan dispute, and SEC submissions. Students will ordinarily participate in a simulated Chapter 11 reorganization.

Textbook(s):
(Required)
ISBN: ISBN-13: 978-1609304263
Author: Mark Roe and Frederick Tung
Title: Bankruptcy and Corporate Reorganization, Legal and Financial Materials
Edition: 4^th Edition
publisher: Foundation Press