Consumers and businesses file for bankruptcy to seek protection from creditors and to reorganize or liquidate debts. Bankruptcy filings rise and fall with the economy.
DESIGNED FOR
Professionals seeking to understand the basic components of bankruptcy proceedings
BENEFITS
- Understand the different types of bankruptcy proceedings
- Advise clients regarding the proof of claim process
- Be well versed in the eligibility requirements for consumer bankruptcies
- Understand the role of the automatic stay injunction
HIGHLIGHTS
- Commencement of a bankruptcy proceeding
- Protections provided to debtors under the Bankruptcy Code
- Key procedural aspects of bankruptcy
- The automatic stay
- Differences between Chapters 7, 11, and 13 bankruptcy cases
- The bankruptcy discharge
- Proofs of claim
- Plans of reorganization
- Litigation that can arise during bankruptcy
- Creditor committees
- Bankruptcy trustees
- Avoidable preferences and fraudulent transfers
- Special rights afforded to landlords and secured creditors
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES