Jun 22, 2024  
2023-2024 Catalog 
2023-2024 Catalog [PAST CATALOG]

LGS 260 - Bankruptcy Law

3 credit hours - Three hours weekly; one term.
Provides a general perspective of bankruptcy law and practice and the roles of paralegals within that system. Topics include Chapter 7 bankruptcy, Chapter 11 bankruptcy and Chapter 13 bankruptcy; investigation and information gathering; researching bankruptcy law; preparing and filing papers and schedules; use of computer-assisted document preparation; automatic stays; turnover of property; exemptions; secured creditors; and discharge. Lab fee $10.

Course Outcomes:
Upon successful completion of this course, the student will be able to:

  1. Describe the manner in which bankruptcy is a remedy for consumer and commercial debt.
  2. Locate and analyze the Bankruptcy Code and case law under the code.
  3. Describe the advantages and disadvantages of bankruptcy.
  4. Identify under what circumstances a Chapter 7, Chapter 11 or Chapter 13 bankruptcy would be most appropriate.
  5. Analyze the effect of Chapter 7, Chapter 11 and Chapter 13 bankruptcies under certain factual scenarios.
  6. Chart and describe the procedure for filing for bankruptcy and discharging debt.
  7. Locate and prepare bankruptcy forms and schedules, both manually and with computer assistance, pursuant to the Federal Bankruptcy Rules and local rules of procedure.
  8. Describe the purpose and effect of the automatic stay.
  9. Investigate bankruptcy claims and potential claims in preparation for filing.
  10. Analyze dischargability of secured debt.
  11. Describe the purpose and effect of discharge of debt in bankruptcy proceeding.