PRL 138 - Bankruptcy Law

Credits: 3
Lecture Hours: 3
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Voc/Tech

This course will cover an introduction to the fundamentals of bankruptcy law and procedures. An examination of alternatives to formal bankruptcy proceedings, including fundamentals of debtor/creditor and secured transactions.
Prerequisite: PRL 102, PRL 103, PRL 112
Competencies

Outline Prejudgment Remedies
1. Define Bankruptcy Jurisdiction
2. Identify Correct Forum
Analyze Types of Bankruptcies
1. Describe Chapter 7 Bankruptcy
2. Define Chapter 11 Bankruptcy
3. Discuss Chapter 12 Bankruptcy
4. Explain Chapter 13 Bankruptcy
Examine Obtaining Judgment
1. List Steps in Seeking Judgment
2. Compare Results on Debtor/Creditor
3. Describe Necessary Documents
Distinguish Post Judgement Remedies
1. Explain Exempt Property
2. Define Discharge
Analyze Fundamentals of Debtor/Creditor in Nonbankruptcy
1. Compare Perfection and Priority
2. Describe Impact of Failure to Perfect
3. Discuss Other Options for Debtors
Differentiate Secured Transactions
1. Define Security Interest
2. Describe Types of Security Interests
3. Distinguish Secured and Unsecured Claims