This easy-to-teach casebook offers a clear explanation of the bankruptcy process. The text challenges the student with commentary and questions that explore both new and classical bankruptcy themes. Essays, cases, and questions are integrated with one another and answers are provided to every question. The book is fully updated and addresses, for example:
- Prominent developments on topics such as credit bidding, gifting, claims designation, fraudulent conveyance, government bailouts, safe harbors for financial contracts, and the Dodd-Frank Act.
- The advent of creditor control in the Chapter 11 reorganization process.
- The continuing influence of the 2005 Bankruptcy Act on individuals in bankruptcy.