One of the leading casebooks in the field, The Law of Debtors and Creditors features 39 problem sets with realistic questions a lawyer considers in managing a bankruptcy case. It also challenges the students with the major policy and theoretical questions in the field. The text features a functional organization as a bankruptcy case would unfold. The focus is on teaching through the realistic problems, complete with ethical difficulties embedded into the fact patterns. The presentation is lively and colloquial. Explanatory text throughout makes bankruptcy law accessible to students and easier to teach. Because it divides the subject between consumer and business bankruptcy, professors can select the depth of coverage for each subject in designing a two-, three-, or four-credit class. The authors—Senator Elizabeth Warren, Congresswoman Katie Porter, and Professors Pottow (Michigan) and Westbrook (Texas)—are among the most prominent in the field. Uniquely comprehensive Teacher’s Manual—chock full of material on how to design class around the problem sets, citations to new cases and literature, and suggestions for steering class discussion.New to the Eighth Edition: The emergence of a whole new form of chapter 11 bankruptcy, the Small Business Reorganization Act in subchapter V, just as the Covid19 crisis explodedThe impact of recent Supreme Court decisions, including Jevic, Merit Management, Midland Funding, and WellnessNew cases and issues since the Seventh EditionUpdated materials on § 363 salesIncorporation of discussion of ABI Commission on Consumer Bankruptcy ReformA number of interesting new problemsProfessors and students will benefit from:Separation of consumer bankruptcy from business bankruptcy—professors can select the depth of coverage for each subjectLively explanatory text—makes bankruptcy law accessible to students and easier to teachEngagement of current events and economic trendsDiscussion of many recent cases39 problem sets—featuring the realistic questions a lawyerconsiders in applying the statutory provisions in a bankruptcycaseSubstantial discussion of the ethical questions that arise in bankruptcy practice, and including ethical issues in the problems students must solveFunctional organization—as a bankruptcy case would unfold rather than using some artificial paradigmChapters specifically devoted to bankruptcy theory (consumer and business), to international insolvencies, and to important ethics issuein the consumer and business contextsProblem sets designed to combine doctrinal, transactional, and theoretical issues
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