Bankruptcy Law Procedures

What You Will Learn

• 1 Identify the different types of bankruptcy filings (Chapter 7, 11, 13) and their eligibility criteria.
• 2 Understand the legal framework governing bankruptcy procedures under the U.S. Bankruptcy Code and Federal Rules.
• 3 Analyze the roles and responsibilities of key participants: debtor, creditors, trustee, and court.
• 4 Evaluate the automatic stay provisions and their impact on creditor collection actions.
• 5 Distinguish between voluntary and involuntary bankruptcy petitions and the commencement of a case.
• 6 Assess the composition of the bankruptcy estate and the trustee's powers to administer assets.
• 7 Apply the priority scheme for distribution of assets among creditors.
• 8 Formulate strategies for filing claims, handling objections, and participating in plan confirmation.
• 9 Examine the discharge process and exceptions to discharge under bankruptcy law.
• 10 Develop procedural compliance skills for avoiding common pitfalls in bankruptcy case administration.