Apr 25, 2024  
2018-2019 Course Catalog 
    
2018-2019 Course Catalog [ARCHIVED CATALOG]

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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
  1. List prejudgment remedies
    1. Define prejudgment remedies
    2. Describe settings where appropriate
  2. Describe procedure to obtain judgment
    1. List steps in seeking judgment
    2. Select necessary documents
    3. Outline required information
  3. Identify security interests
    1. Define security interest
    2. Describe types of security interests
  4. Compare perfection and priority
    1. Define perfection
    2. Define priority
    3. Describe setting where each is required
    4. Describe impact of failure to perfect
    5. Give examples for each
  5. List options for debtors
    1. Describe choices available
    2. Describe impact of each course of action
  6. Describe Bankruptcy jurisdiction
    1. Define bankruptcy
    2. Select correct forum
  7. Analyze types of bankruptcies
    1. Describe Chapter 7 bankruptcy
    2. Describe Chapter 11 bankruptcy
    3. Describe Chapter 12 bankruptcy
    4. Describe Chapter 13 bankruptcy
    5. Compare results on debtor
    6. Compare results on creditors
    7. Compare time frames for each
    8. Describe result of each type
    9. Explain exempt property
  8. Define exempt property
    1. Describe effect of exempt property to debtor 
  9. Classify claims
    1. Define claim
    2. Explain purpose of claim
    3. Discuss validity of claims
    4. Distinguish secured and unsecured claims
  10. Describe discharge
    1. Define discharge
    2. State effect of discharge



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