Business Bankruptcy
LAW 737 | 1-3 Hours
This course focuses on problems faced by financially distressed businesses in the context of the bankruptcy process. Coverage includes Chapter 7 liquidations as well as Chapter 11 reorganizations, but particular emphasis is placed on restructuring and reorganizing under Chapter 11 along with bankruptcy sales. Topics include: the filing of a business bankruptcy case; administration of the case and appointment of professionals; use, sale, or lease of property of the estate, including cash collateral; debtor-in-possession (DIP) financing; the DIP model and control in Chapter 11; formation and role of the creditors' committee; plan formulation and claims impairment; vote solicitation and the plan confirmation process; and the use of Chapter 11 as an instrument of orderly and/or strategic liquidations including sales under Section 363.