Past Assignments - Bankruptcy 2013

 

ATTENDANCE AT THE FIRST CLASS SESSION IS REQUIRED

(unless permission is granted by Prof. Ehrlich)

 

MATERIALS FOR THE BANKRUPTCY COURSE

Pick up the materials in the Bookstore

 

1.    U.S. Bankruptcy Code & Rules Booklet (2012 edition, Legalpub.com, Inc.,)

2.    Ehrlich, Photocopied Assignments & Readings (the “Readings”)

3.    Ehrlich, Photocopied Official Bankruptcy Forms

4.    Ehrlich, Materials For Students Who Have Not Taken Secured Transactions

 

 

1.            Thursday, January 3:

a.    Introduction: Read pages 1-30 of the Readings.  Don’t skip the Blackstone excerpts.  If you don’t have time to get to the Bookmart, you can access pages 1-30 here.

b.    Be prepared to identify two fundamental reasons for having bankruptcy laws.

c.    Read a very recent update on the impact of the Bankruptcy Amendments & Consumer Protection Act of 2005: Update

d.    Students who have not taken Secured Transactions should read the material referred to on the first page of the photocopied Secured Transaction materials: Materials For Students Who Have Not Taken Secured Transactions

e.    Take a look at the lists of corporate bankruptcies in the following links.  Do any of the companies seem familiar?

                                  i.    Billion Dollar or Greater Bankruptcies Since 1980.

                                 ii.    One-Half Billion Dollar or Greater Bankruptcies Since 1980.

2.            Tuesday, January 8:

a.    State Law Remedies: Read the materials listed in Part II (A)(1) of the Assignments and review the Judicial Council forms referred to in part II(A)(2). The forms are also available online: Writ of Execution, Notice of Levy, Memorandum of Garnishee, Exemptions From The Enforcement Of Judgments, Claim of Exemption

                                  i.    Fill-in parts 1-19 of the Writ of Execution, and parts 1-3 of the Notice of Levy.  Click here for more information.

b.    Take a look at the California Judicial Council “Abstract of Judgment” form.  What is the purpose of the form?

c.    The Role of Security Interests: Students who have not yet completed Secured Transactions (or students who want to refresh their recollection) should read the first part of the Materials For Students Who Have Not Taken Secured Transactions.

d.    Redemption: Read Part II(B) of the Assignments.

3.            Thursday, January 10:

a.    Review Redemption: Read Part II(B) of the Assignments.

b.    Pre-Judgment Remedies: Part II(C)(1) and (2).

c.    Group Remedies Under State Law: Part III(A)(1) and (2).

d.    Initiating Voluntary Bankruptcy Cases: Part IV(A)(1)(a).

4.            Tuesday, January 15:

a.    Filing Voluntary Petitions: Initiating Voluntary Bankruptcy Cases:

                                  i.    Part IV(A)(1)(a).

                                 ii.    Part IV(A)(1)(b)(1)-(7)

b.    Consumer Debtor Requirements:

                                  i.    Part IV(A)(1)(c)(1)-(3)

                                 ii.    Carefully review Official Form 22A (in your Supplement). An on-line copy of the latest Form 22A & Committee Notes are at these links: Form 22A (2010)  | Committee Note (22A-C)

                               iii.    Look at the U.S. Trustee Means Testing Page

                               iv.    Respond to the following Means Testing Hypotheticals: PDF Format, MsWord Format

5.            Thursday, January 17:

a.    Consumer Debtor Requirements:

                                  i.    Review §707(b)(2)

                                 ii.    Review the case of In re: Patricia Ann Garcia.  The court misinterprets §707(b)(2).  Can you see why?

                                iii.    Carefully review Official Form 22A (in your Supplement). An on-line copy of the latest Form 22A & Committee Notes are at these links: Form 22A (2010)  | Committee Note (22A-C)

                               iv.    Look at the U.S. Trustee Means Testing Page

                                v.    Respond to the following Means Testing Hypotheticals: PDF Format, MsWord Format

b.    Debtor’s Duties & Attorney’s Obligations:

                                  i.    Part IV(A)(1)(c)(4)-(5). 

                                 ii.    Read the Standing Administration Guidelines for Chapter 7.

c.    Involuntary Petitions: Part IV(A)(2).

                                  i.    Carefully read §303(b) and (h) and respond to this situation: Fifteen employees are owed $255,000 in back wages.  It appears that the employer, Magco Partnership (a California general partnership) is not paying suppliers and others creditors as well. The general partners of Magco live in a wealthy suburb and drive fancy cars.  The 15 employees have approached you seeking legal help.  The employees assume that you will bring a standard law suit to help them collect.  You have agreed to represent them and believe you can get them a check in 48 hours.  Here’s what you did next:

1.    You prepared an involuntary bankruptcy petition, naming Magco as the debtor and faxed a copy to the senior partner of Magco.

2.    You called the senior partner and stated the following:  “Check your fax machine.  If you don’t have a certified check in my hands within 48 hours, the petition will be filed.  Your company will be thrown into chapter 7 bankruptcy, and the trustee will have access to all of your personal assets to satisfy the claims of the creditors.

3.    Respond to these two questions:

1.    Are you bluffing?  Do you have sufficient legal grounds under the bankruptcy code to commence an involuntary case?  Would the petition be granted under §303(b) and §303(h) of the Bankruptcy Code?

2.    What risks, if any, are you and the clients facing if the petition is dismissed for failing to meet the requirements of §303(b) and (h).

6.            Tuesday January 24th

a.    There is a "Special Assignment" in Part IV(B).  The assignment is not due until Friday, February 15th.  See the Links Section below for more information.

b.    Review Involuntary Involuntary Petitions: Part IV(A)(2).

                                  i.    Re-read §303 with special emphasis on §303(b) and (h).  Review the case of In re Reid.

                                 ii.    Carefully read §303(b) and (h) and respond to this situation: Fifteen employees are owed $255,000 in back wages.  It appears that the employer, Magco Partnership (a California general partnership) is not paying suppliers and others creditors as well. The general partners of Magco live in a wealthy suburb and drive fancy cars.  The 15 employees have approached you seeking legal help.  The employees assume that you will bring a standard law suit to help them collect.  You have agreed to represent them and believe you can get them a check in 48 hours.  Here’s what you did next:

1.    You prepared an involuntary bankruptcy petition, naming Magco as the debtor and faxed a copy to the senior partner of Magco.

2.    You called the senior partner and stated the following:  “Check your fax machine.  If you don’t have a certified check in my hands within 48 hours, the petition will be filed.  Your company will be thrown into chapter 7 bankruptcy, and the trustee will have access to all of your personal assets to satisfy the claims of the creditors.

3.    Respond to these two questions:

1.    Are you bluffing?  Do you have sufficient legal grounds under the bankruptcy code to commence an involuntary case?  Would the petition be granted under §303(b) and §303(h) of the Bankruptcy Code?

2.    What risks, if any, are you and the clients facing if the petition is dismissed for failing to meet the requirements of §303(b) and (h).

c.    Jurisdiction:

                                  i.    Parts IV (C)(1)-(5). 

                                 ii.    Read 28 U.S.C. §§157 (b) and (c) very carefully.  What is the difference between sections 157(b) and 157(c)?  Which section controls proceedings: (i) arising in Title 11; (ii) arising under Title 11; (iii) related to Title 11?

                                iii.    Read 28 U.S.C. §158(a), 158(b), (c) & (d). 

                               iv.    The Jurisdiction Problems:  pages 79-96.

                                v.    Read In re Arnold Print Works, Inc. at pages 97-102.

7.            Thursday, January 24:

a.    Review

                                  i.    28 USC §1334

                                 ii.    28 USC §157

                                iii.    In re Arnold Print Works, Inc. at pages 97-102.

b.    Jury Trials & Bankruptcy Proceedings: Parts IV(C)(6)-(7).

                                  i.    Pages 108-109; Granfinanciera, S.A., et al v. Nordberg at pages 110-116 and the notes following the case at pages 117-121; 28 USC §157(d).

c.    Proceedings in Bankruptcy Courts:  §102(1); §105(a); Rules 7001, 9013, and 9014; Local Rules 9013-2, 9013-3, 9013-5 and 9014- "Contested v. Adversary Proceedings" at pages 122-125.

d.    Stern v. Marshall: You can view the latest news about 2013 Stern v. Marshall update, 2012 Stern v. Marshall update.

8.            Tuesday, January 29:

a.    Property of the Estate: Parts IV(D)(1)-(4).

                                  i.    Read §§541(a) and (b)(1)-(2); skim (b)(5)-(7);

                                 ii.    §541(c). Read this subsection carefully. Read the legislative history (it is exceptionally clear).

                                iii.    Pages 126-127.

b.    Turnover of property of the estate:

                                  i.    Read §542(a), (b) & (c).

                                 ii.    Read U.S. v. Whiting Pools, Inc. at pages 127-132.

c.    The trustee's right to recover property of the estate from Transferees:

                                  i.    Review §542(a), (b) & (c).

                                 ii.    Read §549(a), (b) & (c); §550(a) & (b) and Rule 6001. Pages 133-134.

                                iii.    Answer "Post-Petition Transfer" problems at pages 135-136.

d.    Identifying the Debtor's Interest in Property:

                                  i.    Answer the hypothetical at pages 139-140. Read U.C.C. §2-401 at pages 141-142 with great care.

9.            Thursday, January 31:

a.    The trustee's right to recover property of the estate from Transferees:

                                  i.    Review §542(a), (b) & (c).

                                 ii.    Read §549(a), (b) & (c); §550(a) & (b) and Rule 6001. Pages 133-134.

b.    Answer "Post-Petition Transfer" problems at pages 135-136.

c.    Identifying the Debtor's Interest in Property:

                                  i.    Review the hypothetical at pages 139-140. Read U.C.C. §2-401 at pages 141-142 with great care

10.          Tuesday, February 5:

a.    Identifying the Debtor's Interest in Property:

                                  i.    Review the hypothetical at pages 139-140. Read U.C.C. §2-401 at pages 141-142 with great care

b.    The Scope of the Automatic Stay: Parts IV(E)(1)-(3):

                                  i.    Read §362(a)(1)-(8)

                                 ii.    §105(a). 

                                iii.    Read carefully §1334(e) of Title 28.

                               iv.    Pages 143-145. Read Lynch v. Johns-Mansville Sales Corp. at pages 145-148 and Matter of Hellums at pages 138-139.

                                v.    Respond to the hypotheticals at pages 148-150.

c.    Exceptions from the Stay:

                                  i.    Read §§362(b)(1)-(3), (9)-(11) and (18). Read §101(14A) “Domestic Support Obligations.”

                                 ii.    Two interesting landlord “exceptions” to the stay:

                                iii.    Unlawful Detainer Judgments: §362(b)(22) and §362(l).

                               iv.    The illegal drug exception:  §362(b)(23) and §362(m). Are these really exceptions or is some kind of court action required? Should these two matters be handled under the relief from stay provisions?

11.          Thursday, February 7:

a.    Exceptions from the Stay:

                                  i.    Read §§362(b)(1)-(3), (9)-(11) and (18). Read §101(14A) “Domestic Support Obligations.”

                                 ii.    Two interesting landlord “exceptions” to the stay:

                                iii.    Unlawful Detainer Judgments: §362(b)(22) and §362(l).

                               iv.    The illegal drug exception:  §362(b)(23) and §362(m). Are these really exceptions or is some kind of court action required? Should these two matters be handled under the relief from stay provisions?

b.    Repetitive Filings:

                                  i.    Review §109(g).

                                 ii.    Earlier filings & dismissals:

                                iii.    §362(c)(3), (i) and (j).

                               iv.    §362(c)(4)(A) & (B)

                                v.    Earlier cases where real property mortgagee granted relief: §362(b)(20) & (21).

12.          Tuesday, February 12:

a.    Relief from the Automatic Stay

                                  i.    Lack of equity:  Read §362(c)-(h) and §361 (Don't forget to read the legislative history, especially the material following §361).  Pay very close attention to §362(d)(2).  Read Rule 4001(a).  Pages 156-157

                                 ii.    Cause; Adequate Protection:  Read §362(d)(2) and (1) with care.  Notice that there are two independent and unrelated tests for relief from the stay (§§362(d)(2) and (d)(1)).  Answer hypotheticals 1-6 at pages 158-161.

                                iii.    Undersecured Creditors:  U.S. Savings Assoc. v. Timbers at pages 162-166.  Answer hypothetical 7 at pages 158-161.

                               iv.    Junior Lienors and the Automatic Stay: Page 167.

b.    The Special Case of Single Real Estate Assets:  In 1994, Congress added §362(d)(3) to the relief from stay provisions of §362.  Read §362(d) carefully.  Does it overrule Timbers?

c.    Special Assignment:  There is a special assignment in Part (F)(5) of the Assignments.  You can skip this assignment for now.

d.    Termination of the Stay

                                  i.    §362(c)(1) and (2).

                                 ii.    §524(a)(1) and (2).

                                iii.    Review §362(h)(1), §362(c)(3) and (4).

e.    There is special petition drafting assignment due Friday, February 15.  All of the instructions and documents are available at this link: Petition Assignment

13.          Thursday, February 14

a.    Introduction to Exemptions -- Assets the Debtor Can Withdraw From the Estate.

                                  i.    Background information: Read pages 169-173. Read §522(a) through (e), (l) & (m). Be prepared to discuss the function of each subsection of §522. Rule 4003. Review the California exemption provisions at pages 174-181.

                                 ii.    Read subsections (o), (p) and (q) of §522.  What do these subsections accomplish?

                                iii.    In re White, at pages 182-184; In re Wallace at pages 185-186.

                               iv.    Answer hypotheticals 1-6 on page 187.

                                v.    Note the California homestead exemption amounts on Page 180 of the Readings

b.    Redemption: 

                                  i.    Read §722 & §506(a) and (b). Read page 204.

c.    Statement of Intentions. 

                                  i.    Review pages 69-71. Read §521(a)(2) and Official Form 8A.

                                ii.    Read §522(g)-(j).  What is going on in these subsections?

d.    There is special petition drafting assignment due Friday, February 15.  All of the instructions and documents are available at this link: Petition Assignment

 

Tuesday, February 19:  No class.  President’s Day Holiday

 

14.          Thursday, February 21

a.    Exemptions -- Redemption: 

                                  i.    Read §722 & §506(a) and (b). Read page 204.

b.    Exemptions -- Statement of Intentions. 

                                  i.    Review pages 69-71. Read §521(a)(2) and Official Form 8A.

                                ii.    Read §522(g)-(j).  What is going on in these subsections?

c.    The Debtor's Special Power to Avoid Some Liens in Exempt Property:   Read the introductory materials at pages 188-191.  Read subsections 522(f)(1), (2), (3) and (4); §722; and §521(2).

                                  i.    Read Augustine v. U.S. at pages 192-195; In re Matthews at pages 196-198

                                 ii.    Read In re Hall at pages 199-203.

                                iii.    Answer hypothetical 7 on page 187.

15.          Tuesday, February 26

a.    Assumption and Rejection of Executory Contracts and Unexpired Leases.

                                  i.    Introduction: Read pages 205-207.

b.    Rejection of Burdensome Leases & Contracts

                                  i.    Timing: Read §365(a) and §365(d)(1)-(5).

                                 ii.    Impact of Rejection: §365(g) and (p); §503(b)(7).

                                iii.    Read In re Galvan at pages 208-209; and, Matter of Barrister of Delaware, Ltd. at page 210.

c.    Assumption & Assignment

                                  i.    Read §§365(a),(b),(c),(e),(f),(k) &(l). Rule 6006. Note: Read the assigned portions carefully, identifying the function of each subsection. The Legislative History is very helpful.

                                 ii.    Hypotheticals 1-3 on pages 211-212.

d.    Curing Defaults and Other Pre-Conditions to Assumption and Assignment

                                  i.    In re Goldblatt at pages 217-219.

e.    When is a Contract "Executory"; Intellectual Property:

                                  i.    Read Lubrizol Enterprises, Inc., Appellee, v. Richmond Metal Finishers, Inc. at pages 213-216.

                                 ii.    After reading the case, read §365(n) and §101(35A) ("intellectual property").

                                iii.    Hypothetical 4 on pages 211-212.

16.          Thursday, February 28:

a.    Curing Defaults and Other Pre-Conditions to Assumption and Assignment

                                  i.    In re Goldblatt at pages 217-219.

b.    When is a Contract "Executory"; Intellectual Property:

                                  i.    Read Lubrizol Enterprises, Inc., Appellee, v. Richmond Metal Finishers, Inc. at pages 213-216.

                                 ii.    After reading the case, read §365(n) and §101(35A) ("intellectual property").

                                iii.    Hypothetical 4 on pages 211-212.

c.    Contracts & Leases: Protecting certain parties from rejection by the trustee:

                                  i.    Re-read pages 205-207 and read §365(h)(1)(A)-(D) carefully. §§365 (i) & (j).

                                 ii.    §§365 (i) & (j).

                                iii.    Hypotheticals 5-7 on pages 211-212.

d.    Is a rejected contract/lease a pre or post-petition claim?

                                  i.    §§365(g) & 502(g). Subsection 365(g) will probably be incomprehensible until it is explained in class, but give it a try.

e.    Avoidance of Unperfected, Pre-Petition Transfers §544(a): Part IV(J). 

                                  i.    Trustee as a Hypothetical Judicial Lien Creditor (Testing the Perfection of the Transfer).

                                 ii.    Read the Introduction at pages 220-221.

                                iii.    Students who have not taken Secured Transactions should review Part 2 of the “Materials for Students Who Have Not Taken Secured Transactions” in the LINKS section below.

                               iv.    §§101(54)("transfer"); 544(a); 546(b); 550(a) & (b).

                                v.    U.C.C. §9-308(a); §9-309(1); §9-310(a) & (b); §9-313(a) [applicable U.C.C. provisions are set forth at pages 222-225.

                               vi.    Read In re Pye at pages 226-228 and McCannon v. Marston at pages 229-232.

17.          Tuesday, March 5:

a.    Avoidance of Unperfected, Pre-Petition Transfers §544(a): Part IV(J). 

                                  i.    Trustee as a Hypothetical Judicial Lien Creditor (Testing the Perfection of the Transfer).

                                 ii.    Read the Introduction at pages 220-221.

                                iii.    Students who have not taken Secured Transactions should review Part 2 of the “Materials for Students Who Have Not Taken Secured Transactions” in the LINKS section below.

                               iv.    §§101(54)("transfer"); 544(a); 546(b); 550(a) & (b).

                                v.    U.C.C. §9-308(a); §9-309(1); §9-310(a) & (b); §9-313(a) [applicable U.C.C. provisions are set forth at pages 222-225.

                               vi.    Read In re Pye at pages 226-228 and McCannon v. Marston at pages 229-232.

b.    Avoidance of transfers if state law allows avoidance: Part IV(K).

                                  i.    §544(b); read the notes and Moore v. Bay at pages 233-234.

                                 ii.    Read about recovering pre-petition transfers in the Bernie Madoff Ponzi Scheme “Clawback” letter.  Make sure you check out the amount requested on the last page.

                               iii.    Check out the Madoff Recovery Initiative.

                               iv.    As recently as February 15, 2013, the work of the trustee (and his attorneys) to recover billions of dollars of pre-petition transfers is top news.  Listen to the NPR story.

c.    Avoiding Pre-Petition Preferential Transfers (“Voidable Preferences”): Part IV (L)(1)-(4):

                                  i.    §§101(12) ("debt"), 101(5) ("claim"), 101(32) ("insolvent"), 101(31) ("insider") & 101(54) ("transfer"). Pay close attention to §101(54).

                                 ii.    §§547(e), 547(b), 547(f) & 551. Review U.C.C. §9-308(a); §9-309(1); §9-310(a) & (b); §9-313(a) at pages 222-225.

                                iii.    Read Barnhill v. Johnson at pages 235-238.

                               iv.    Read Barash v. Public Finance Corporation at 239-241; In re Shurtleff, Inc. at pages 239-241.

                                v.    Hypotheticals 1-10 ("Voidable Preference Hypotheticals") at pages 250-253.

18.          Thursday, March 7:

a.    Avoidance of transfers if state law allows avoidance: Part IV(K).

                                  i.    §544(b); read the notes and Moore v. Bay at pages 233-234.

                                 ii.    Read about recovering pre-petition transfers in the Bernie Madoff Ponzi Scheme “Clawback” letter.  Make sure you check out the amount requested on the last page.

                               iii.    Check out the Madoff Recovery Initiative.

                               iv.    As recently as February 15, 2013, the work of the trustee (and his attorneys) to recover billions of dollars of pre-petition transfers is top news.  Listen to the NPR story.

b.    Avoiding Pre-Petition Preferential Transfers (“Voidable Preferences”): Part IV (L)(1)-(4):

                                  i.    §§101(12) ("debt"), 101(5) ("claim"), 101(32) ("insolvent"), 101(31) ("insider") & 101(54) ("transfer"). Pay close attention to §101(54).

                                 ii.    §§547(e), 547(b), 547(f) & 551. Review U.C.C. §9-308(a); §9-309(1); §9-310(a) & (b); §9-313(a) at pages 222-225.

                                iii.    Read Barnhill v. Johnson at pages 235-238.

                               iv.    Read Barash v. Public Finance Corporation at 239-241; In re Shurtleff, Inc. at pages 239-241.

                                v.    Hypotheticals 1-10 ("Voidable Preference Hypotheticals") at pages 250-253.

c.    Exceptions to Preferential Transfers: Part IV (L)(5)-(8)

                                  i.    BAPCA Changes To §547(c) Exceptions: Read page 254.

                                 ii.    §547(c)(7) - Consumer transfers: Read §547(c)(7).

                                iii.    §547(c)(1) - Substantially contemporaneous: Matter of Tressler at pages 255-257.

                               iv.    §547(c)(2) - Ordinary Course of business: Read the remainder of the opinion in Barash v. Public Finance Corp. at pages 241-244; Union Bank v. Wolas at pages 258-262.

                                v.    Read carefully §547(c)(3)-(c)(9).

                               vi.    Answer hypotheticals 11-24 at pages 250-253.

                              vii.    §551.

19.          Tuesday, March 12:

a.    Exceptions to Preferential Transfers: Part IV (L)(5)-(8)

                                  i.    BAPCA Changes To §547(c) Exceptions: Read page 254.

                                 ii.    §547(c)(7) - Consumer transfers: Read §547(c)(7).

                                iii.    §547(c)(1) - Substantially contemporaneous: Matter of Tressler at pages 255-257.

                               iv.    §547(c)(2) - Ordinary Course of business: Read the remainder of the opinion in Barash v. Public Finance Corp. at pages 241-244; Union Bank v. Wolas at pages 258-262.

                                v.    Read carefully §547(c)(3)-(c)(9).

                               vi.    Answer hypotheticals 11-24 at pages 250-253.

b.    Insidious transfers to guarantors/co-signors: Read the notes on In re Deprizio at page 263 and §550(c).

20.          Thursday, March 14:

a.    Insidious transfers to guarantors/co-signors: Read the notes on In re Deprizio at page 263 and §550(c).

b.    Fraudulent Conveyances: Parts IV (M)(1)-(3). 

                                  i.    Read the notes at page 264 and Twyne's Case at page 265.

                                 ii.    Read the excerpts from the Uniform Fraudulent Transfer Act at pages 266-269 (concentrate on §4 and §5).

                                iii.    §548: Concentrate on §548(a) and (c).

                               iv.    §550(a).

                                v.    Do the Fraudulent Conveyance Hypotheticals at pages 270-271 and review the answers in the Appendix.

                               vi.    Read In re Hulm at pages 272-274 and In re BFP at pages 275-283.

                              vii.    Read the following: 

1.    Bernie Madoff Ponzi Scheme “Clawback” letter

2.    Recovery of about $400 million from the N.Y. Mets

c.    Collection of Avoided Transfers: Part IV (N)(1)-(2).

                                  i.    §§548(c); 549(a) & (c); 550(a), (b), (c) & (e)(1); 542(c).

                                 ii.    Review "Protecting Transferors and Transferees" at pages 133-134.

d.    Recap of the Trustee’s Avoidance Powers: Part IV (O)(1). 

                                  i.    Answer the Property of the Estate hypotheticals at pages 284-285. Carefully do the hypos and test your mastery of §§541, 542, 544-548, 549 and 550.

21.          Tuesday, March 19:

a.    Collection of Avoided Transfers: Part IV (N)(1)-(2).

                                  i.    §§548(c); 549(a) & (c); 550(a), (b), (c) & (e)(1); 542(c).

                                 ii.    Review "Protecting Transferors and Transferees" at pages 133-134.

b.    Recap of the Trustee’s Avoidance Powers: Part IV (O)(1). 

                                  i.    Answer the Property of the Estate hypotheticals at pages 284-285. Carefully do the hypos and test your mastery of §§541, 542, 544-548, 549 and 550.

c.    Protecting secured creditors: V (A)(1) & (2).

                                  i.    Review §§362(d); 361; 363(d) & (e). Read pages 286-289.

                                 ii.    §§101(37)("lien"), (36)("judicial lien"), (50)("security agreement") & (51)("security interest"); 506(a) & (b); 363(e), (f) & (k); 522(c); 552; 722; 725; 554; 362(c). Rule 3012.

d.    Strip down of liens:

                                  i.    In re Dewsnup at pages 290-293.

                                 ii.    Answer the hypothetical at page 294.

e.    Liquidating the Estate: Part V(B)(1)-(3):

                                  i.    §363(a), (b), (c) & (k). Rule 6004. Peruse 28 U.S.C. §959.

                                 ii.    Read "Liquidation of the Estate" at pages 295-296. Read §363(f) very carefully.

                                iii.    Read Matter of Stroud Wholesale, Inc. at pages 297-299.

22.          Thursday, March 21:

a.    Final Exam Fact Pattern Distributed Today or next class. Exam is April 22nd in the afternoon.

b.    You can review the “spread” for the Petition Drafting Assignment at this link.

c.    Strip down of liens:

                                  i.    In re Dewsnup at pages 290-293.

                                 ii.    Answer the hypothetical at page 294.

d.    Liquidating the Estate: Part V(B)(1)-(3):

                                  i.    §363(a), (b), (c) & (k). Rule 6004. Peruse 28 U.S.C. §959.

                                 ii.    Read "Liquidation of the Estate" at pages 295-296. Read §363(f) very carefully.

                                iii.    Read Matter of Stroud Wholesale, Inc. at pages 297-299.

e.    Allowance and Payment of Claims: Part V(C)(1)-(3):

                                  i.    §§501(a),(b),(c); 502(a), (b)(1), (b)(2), (b)(5), (b)(6), (b)(7), (c), (f), (g); 101(5)("claim"). Rules 3001(a)-(d), 3002 (a),(b) & (c), 3003(a)-(b)(1); Rule 3007. Forms 9A, 9C & 10.

                                 ii.    Read page 300.

                                iii.    Answer the hypotheticals at page 301.

23.          Tuesday, March 26:

a.    Allowance and Payment of Claims: Part V(C)(1)-(3):

                                  i.    §§501(a),(b),(c); 502(a), (b)(1), (b)(2), (b)(5), (b)(6), (b)(7), (c), (f), (g); 101(5)("claim"). Rules 3001(a)-(d), 3002 (a),(b) & (c), 3003(a)-(b)(1); Rule 3007. Forms 9A, 9C & 10.

                                 ii.    Read page 300.

                                iii.    Answer the hypotheticals at page 301.

b.    How attorneys get paid:

                                  i.    Read In re Hessinger & Associates, Attorneys; Lamie v. U.S. Trustee and the notes at pages 302-311.

c.    Priority in Distribution: Part V(D)(1)-(4)

                                  i.    §§726(a) & (b); 507(a)(1) through (a)(8) and (a)(10); 101(14A)("domestic support obligation"); 507(b); 503; 365(d)(3); 724(b). What is the function of 507(b)?

                                 ii.    Read page 312

                                iii.    Answer the hypotheticals at pages 313-314.

                               iv.    §510. In re Stirling Homex Corp., at pages 315-320 (read this case carefully)

                                v.    Peruse §553(a).

                               vi.    Make sure you answer the “Priorities Hypothetical” & Response: Response to Priorities Hypo

24.          Thursday, March 28:

a.    Priority in Distribution:

                                  i.    §510. In re Stirling Homex Corp., at pages 315-320 (read this case carefully)

                                 ii.    Peruse §553(a).

                                iii.    Answer the hypotheticals at pages 313-314.

                               iv.    Make sure you answer the “Priorities Hypothetical” & Response: Response to Priorities Hypo

b.    Entitlement to a Discharge & Reaffirmations: Part V(E)(1) and (2).

                                  i.    §§727(a)(1)-(12); 727(b) & (c); 1141(d); 1328(a). Rule 4004(a) & (c), Rule 4005; Official Form 18. See also, 18 U.S.C. §152, §153 and §157. Briefly scan §110.

                                 ii.    Read pages 321-325.

                                iii.    Read In re Reed at pages 326-329.

c.    Effect of a Discharge and Reaffirmation

                                  i.    §§727(b); 524(a)(1) & (a)(2); 524(c)-(f); 525; 362(c)(2) (Don't forget to read the Legislative History).

25.          Tuesday, April 2:

a.    Entitlement to a Discharge & Reaffirmations: Part V(E)(1) and (2).

                                  i.    §§727(a)(1)-(12); 727(b) & (c); 1141(d); 1328(a). Rule 4004(a) & (c), Rule 4005; Official Form 18. See also, 18 U.S.C. §152, §153 and §157. Briefly scan §110.

                                 ii.    Read pages 321-325.

                                iii.    Read In re Reed at pages 326-329.

b.    Effect of a Discharge and Reaffirmation

                                  i.    §§727(b); 524(a)(1) & (a)(2); 524(c)-(f); 525; 362(c)(2) (Don't forget to read the Legislative History).

c.    Exceptions to the Discharge: Part V(E)(3)

                                  i.    §§524(d); 523(a)(1) - (a)(10) and (13)-(15); 523(b); 523(c) & (d); 101(14A)("domestic support obligation"). Rule 4007.

                                 ii.    Read pages 330-333.

                                iii.    Read In re Kovacs at pages 334-337.

26.          Thursday, April 4: 

a.    Exceptions to the Discharge: Part V(E)(3)

                                  i.    §§524(d); 523(a)(1) - (a)(10) and (13)-(15); 523(b); 523(c) & (d); 101(14A)("domestic support obligation"). Rule 4007.

                                 ii.    Read pages 330-333.

                                iii.    Read In re Kovacs at pages 334-337.

b.    Introduction to the Chapter 13 Plan and The Super-Discharge: Part VI (A)(1)-(2)

                                  i.    Read "Bankruptcy Reorganizations" at pages 338-342; "Benefits of Chapter 13" at page 343.

                                 ii.    Answer the hypothetical at page 344.

c.    Chapter 13 Requirements Part VI (B) and (C).

                                  i.    §§1301(a); 1302(b); 1303; 1306; 348(d); 1321; 1322(a); 1322(b); 1324; 1325; 1326; 1327.

                                 ii.    The requirement of "good faith": §1325(a)(3) & (b); Read In re Warren, at pages 345-351.

d.    The Chapter 13 “super” discharge:

                                  i.    §§1328(a), (b), (c) & (d).

27.          Tuesday, April 9:

a.    Introduction to Chapter 11 Business Reorganizations:

                                  i.    Review "Bankruptcy Reorganizations" at pages 338-342.

                                 ii.    Read page 352.

b.    Proposing, Voting Upon and Confirming the Plan

                                  i.    Just peruse the following sections. Don’t spend too much time on this.

1.    Proposing the plan; Parties: §§1121; 1102(a)(1); 1102(b)(1); 1103(c); 1104(a); 1106(a)(1)-(3); 1107(a); 1108.

2.    Contents of the plan: §§1123(a)(1)-(a)(5); 1123(b)(1)-(b)(2).

3.    Voting on the plan: §§1126(a), (c), (f) & (g); 1124; 1125(a)(1), (b), (d) & (e); 1122.

4.    Confirmation of the plan: §§1129(a)(1)-(a)(3), (a)(7)-(a)(9); 1129(b). (Do not try too hard to decipher §1129(b)(2). It will be put in simple terms in class.)

5.    Effect of the plan. §1141(b), (c) & (d).