Bankruptcy A
Fall term, Block F
W,Th,F 1:00 PM - 2:20 PM
Professor George Triantis
4 classroom credits LAW-31400A Fall
An introduction to corporate bankruptcy with an emphasis on reorganization. The course reviews the fundamentals of debt contracting, including the role of events of default, debt priority and security interests. The course examines various aspects of the bankruptcy process: including the automatic stay, the avoidance of prebankruptcy transactions (e.g. fraudulent conveyances and preferences), the treatment of executory contracts, the debtor's governance structure during bankruptcy, the financing of operations and investments in bankruptcy, sales of assets during bankruptcy, and the process of negotiating, voting, and ultimately confirming a plan of reorganization. The course will draw on concepts of financial economics to analyze these features, but no previous formal study of economics is required.
Evaluation by written examination.