LAW 393P - Failing Businesses and Potential Remedies: Bankruptcy Practicum.

The legal areas this course covers govern the remedies the law provides to debtors and creditors for failing businesses under either state law or the Federal Bankruptcy Code. The focus of the course, however, will be the work of students in developing solutions to simulated problems from either the debtor or creditor side for a failing business. Such work will be closely supervised. In this regard, the instructors plan to show students how attorneys think about the problems that arise in this area, including problems of professional responsibility. Students will be required to state their proposed resolutions to the problem and to draft the documents necessary to achieve the outcome they seek. There are no prerequisites for this course, although Close Business Arrangements, any of the commercial law courses, and Bankruptcy would be helpful.Five hours.Magee