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PLG227 - Debtor and Creditor Law
Catalog Description: Introduces federal bankruptcy law and procedure. Examines the rights and obligations of debtors and creditors, and prepares petitions for both (Chapter 7) liquidation bankruptcies and (Chapter 13) consumer debt relief plans. Prerequisite: PLG 114 or consent of program director.
Lecture: 3 hrs.
Course Learning Outcomes (CLOs):
Upon the successful completion of this course, as documented by several tests and written assignments, students will be able to:
1.Describe the general principles and legislative intent of the federal bankruptcy statute.
2.Explain the relationship between applicable state law and the federal bankruptcy law.
3.Describe the ordinary process followed for filing a liquidation (Chapter 7) bankruptcy petition and a consumer debt relief (Chapter 13) petition.
4.Name the property exemptions that a debtor is allowed under the bankruptcy law.
5.Define and explain the advantage and disadvantage of the automatic stay provision under the bankruptcy code.
6.Identify and explain the voidable transfers and preferential payment provisions of the bankruptcy code.
7.Apply the Code of Professional Responsibility to a legal problem.
8.List the order of priority for the payment to creditors in a Chapter 7 bankruptcy.
* 9. Explain the concept of discharge of debts and list debts not dischargeable in bankruptcy.
* 10. Define secured and unsecured creditors rights under the bankruptcy code.
11. Describe a Chapter 13 consumer debt adjustment plan.
* These course objectives have been identified as student learning outcomes that must be formally assessed as part of the College Comprehension Assessment Plan. All faculty teaching this course must collect the required data and submit the required analysis and documentation at the conclusion of the semester to the Office of Assessment and Special Projects.
Policy of Bankruptcy Law
History of Bankruptcy Law
Structure of Bankruptcy Law
Discharge and Non-Dischargeable Debts
Priority Status: Unsecured Creditors
Chapter 7 Practice
Chapter 13 Practice
Bankruptcy Procedure and Discovery
Effective Term: Fall 2004