Basic Bankruptcy. An intensive study of the substantive and procedural bankruptcy issues confronting consumer or business debtors seeking financial liquidation under Chapter 7 and financial reorganization under Chapter 11 or 13 of the Bankruptcy Code. Among the issues to be considered are the extent of property exemptions, the requirements for liquidating non- exempt assets, the allocation of creditors' claims between secured and unsecured positions and the comparative benefits of the Chapter 7 and Chapter 13 discharges.
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