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BANKRUPTCY
Fall 2009
Prof. Kilborn
Mon./Weds. 2:00 - 3:20 p.m., room 409
Running Assignment List

Class
No.

Topic

Assignment

1

Intro; Leverage; Fair Debt Collection (FDCPA)

Read New to the Sixth Edition, Features, and The Modern Role of Bankruptcy Law on pp. xxiv-xxvi, and pp. 3-28, and work Problem Set 1 (skip 1.1 and 1.5); read Public Service Loan Forgiveness, www.finaid.org/loans/publicservice.phtml.

2

Priorities; Wage Garnishment;

Fraudulent Transfers

Skim pp. 33-42; read part 2, pp. 45-51 (up to "3.") and work Problem 2.2 on p. 53; read pp. 54-55, 58-59, 15 U.S.C. §§ 1671-1674 from the Consumer Credit Protection Act ["CCPA"], and 735 ILCS 5/12-803; read pp. 71-79 and 740 ILCS 160 [Uniform Fraudulent Transfer Act].
3

Intro to Bankruptcy

Work Problem Set 4 on p. 91 based on Illinois law (skip 4.5 & 4.7); read pp. 101-16.
4 The Estate & Automatic Stay Read pp. 116-130 and work Problems 5.1 and 5.2; read pp. 131-38 and work Problems 6.1 and 6.3.
5 Consumer Eligibility:
 "Means Testing"
Read pp. 141-64 alongside my Means Test Handout and Ransom.
6 Means Test Cont'd Work Problem Set 7 based on debtors in Cook County, Illinois (not Michigan or Pennsylvania).  For Problem 7.2, use Official Form B22A to help organize your analysis.
7 Means Test Cont'd Complete Problem Set 7.
8

Exemptions: Basics

Read pp. 167-80 (up to "3."), 735 ILCS 5/12-1001 to 1006 [IL Personal Property Exemptions] and 5/12-1201, and work Problems 8.1 and 8.3 on p. 196 (apply ILLINOIS and TEXAS exemptions, NOT Wyoming's, in 8.1).
9 Exemptions: Advanced Read pp. 198-210 (up to "4."), § 522(p), and 735 ILCS 5/12-901 to 912 [IL Homestead Exemption], and work Problems 9.1 and 9.3 on p. 216.
10

Claims & Distributions

Read pp. 217-27, work Problem Set 10, read p. 228 and § 507(a) and work Problem Set 11 [just get an idea of the order of payment to creditors].
11

Discharge & Exceptions

Read pp. 229-57 and work Problem Set 12 (skip 12.5 and 12.7).
12

Redemption & Reaffirmation

Read pp. 258-71 and work Problem Set 13 (skip 13.6 and 13.7).
13

Intro to Ch. 13; Secured Claims

Read pp. 275-306 and work Problem Set 14 and the extra Mortgage Modification Problem.
14

Ch. 13: Unsecured Claims

Read pp. 307-25 and work Problems 15.1 - 15.4  [in P.S. 15, assume all debtors live in Illinois].
15

Ch. 13: Eligibility

Work problems 15.4 - 15.6; read pp. 326-34 and work Problem Set 16 (skip 16.2).
16 Consumer Bankruptcy Policy Read pp. 336-55 (especially p. 344 ☺) and work problems 17.1, 17.3, and 17.5.
17

Business Bankruptcy Intro

Read pp. 361-83 and work Problems 18.2, 18.6, and 18.7.
18

Chapter 11 Intro;

Lifting the Auto Stay

Read pp. 387-92, 396-427 and work Problem Set 19 (skip 19.5 and 19.6).
19

Operating & Financing

Read pp. 430-45 and work Problems 20.1 and 20.2 on p. 450, read pp. 452-68 and work Problem  21.1.
20

Strong Arm

Read pp. 471-76, work Problem Set 22 (skip 22.2), and read § 547(b).
21

Preferences:  Basics

Read pp. 477-90 and § 547(a)-(b), (e)-(f), and work Problem Set 23 (skip 23.8, 23.9, and 23.10).
22

Preferences:  Exceptions

Read pp. 492-507 and § 547(c), work Problem Set 24, and read pp. 518-21 and § 553(b).
23

Executory Contracts

Read p. 523 and § 365 and work Problem Set 26 (skip 26.4).
24

Cont'd

Read pp. 525-33 and work Problem Set 27 (skip 27.5).
25

Fraudulent Conveyances in Bankruptcy

Read pp. 553-74 (skip In re Bakersfield Westar) and work Problems 30.1 and 30.3 [you might want to skim the first part of the reading for the next class now, as I will lecture on § 1129(a) at the end of this class].
26

Chapter 11 Plan
& Cram Down

Read pp. 596-97, 614-43, 653-77 (be sure to skim LaSalle), and § 1129(a)-(b), and work my Chapter 11 Plan Confirmation Problem.
27

Bankruptcy Jurisdiction

Read pp. 799-839 (skim cases) and 28 U.S.C. §§ 151-158 and 1334 (in back of the supplement), and work problems 41.1, 41.2, and 41.3
28 Retention & Compensation;
Small Biz Reorg
Skim pp. 767-85, 686-96.

 

Exam:  Friday, December 11, 2009, 2:00 p.m.