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Apr 25, 2024
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PRL 137 - Debtor/Creditor Law Credits: 3 Lecture Hours: 3 Lab Hours: 0 Practicum Hours: 0 Work Experience: 0 Course Type: Open Procedures in non-bankruptcy debt collection. Fundamentals of bankruptcy law and bankruptcy procedure. Examination of alternatives to formal bankruptcy proceedings. Prerequisite: PRL 103 , PRL 112 or instructor permission Competencies
- List prejudgment remedies
- Define prejudgment remedies
- Describe settings where appropriate
- Describe procedure to obtain judgment
- List steps in seeking judgment
- Select necessary documents
- Outline required information
- Identify security interests
- Define security interest
- Describe types of security interests
- Compare perfection and priority
- Define perfection
- Define priority
- Describe setting where each is required
- Describe impact of failure to perfect
- Give examples for each
- List options for debtors
- Describe choices available
- Describe impact of each course of action
- Describe Bankruptcy jurisdiction
- Define bankruptcy
- Select correct forum
- Analyze types of bankruptcies
- Describe Chapter 7 bankruptcy
- Describe Chapter 11 bankruptcy
- Describe Chapter 12 bankruptcy
- Describe Chapter 13 bankruptcy
- Compare results on debtor
- Compare results on creditors
- Compare time frames for each
- Describe result of each type
- Explain exempt property
- Define exempt property
- Describe effect of exempt property to debtor
- Classify claims
- Define claim
- Explain purpose of claim
- Discuss validity of claims
- Distinguish secured and unsecured claims
- Describe discharge
- Define discharge
- State effect of discharge
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