Bankruptcy (21204). 4 units. This course will concern both business and consumer bankruptcies. It will ask: why is a federal bankruptcy procedure necessary? What normative goals should animate that procedure? When should insolvent firms be reorganized rather than liquidated? How should macro-stresses affect bankruptcy law? What is the relation between an ex post insolvency law and the ex ante investment and other behavior of firms? How can a consumer bankruptcy law best resolve the tradeoff between insurance--the discharge--and incentives--holding people to their obligations? A casebook will form the basis of the readings, and there will be considerable stress on learning the law as well as the economics of bankruptcy. Self-scheduled examination. A. Schwartz.
SLB - 121 (Tue) SLB - 121 (Thu) Grade mode: graded CRN: 20093
Exam: 5/02/2016 - 5/16/2016 Questions available online Name or Id: Id Length: 3.5 hour(s)
Notes: Use your exam ID.