New Insolvency Frontiers

Professors: Epstein/Horwich
Credits: 2
Prerequisite: Debtors' and Creditors' Rights (can be waived with permission of the instructor)

Chapter 11 is widely considered to be one of the most advanced and sophisticated insolvency systems in the world. However, there are other insolvency systems in the United States that work for special debtors. These differ in important ways from Chapter 11. In some instances the difference arises out of the fact that there are governmental or quasi-governmental guaranties. In others the difference arises out of the fact that it is a governmental entity itself that is insolvent.

This advanced bankruptcy seminar will explore the rehabilitation (and liquidation) of insolvent debtors that are not eligible for chapter 11 of the bankruptcy code (i.e., municipalities, financial institutions and insurance companies). Specifically, the seminar will explore chapter 9 of the bankruptcy code, state and federal receivership programs, actions taken by the Securities Investor Protection Corporation (SIPC) (pertaining to failed brokerage firms) and the Federal Deposit Insurance Corporation (FDIC).

Students taking this seminar should have a basic understanding of bankruptcy and corporate law. The seminar is suited for students who may be considering practicing in the area of bankruptcy, as well as those students interested in corporate finance, general corporate law and other similar areas.

Course Number

7058

Course Meeting

Section Teacher Campus Term Bldg, Rm Days Times
43820 Kenneth Epstein Brookdale Jan 16 to May 16, 2014 CSL, 211 R 6:00 PM to 7:50 PM