This course begins with an introduction to debtor-creditor law and to the United States Bankruptcy Code. The course then turns to an examination of consumer bankruptcy law, including Chapter 7 liquidations and Chapter 13 repayment options. The course next turns to business bankruptcy law, focusing on all aspects of Chapter 11 reorganizations, including operating and financing in Chapter 11, reshaping the bankruptcy estate, developing and confirming a plan of reorganization, and other options for preserving value through Chapter 11. Throughout the term, the course will examine the law, the practice and the current issues in the bankruptcy system, as well as the organization and judicial process of the bankruptcy system.