AC 6120 - Bankruptcy and Reorganization

Students in this class will review the Federal Bankruptcy Code and its impact on Chapter 11 reorganization. Focus will be placed on the rights of creditors in bankruptcy, the planning and methods used in Chapter 11 reorganization, and the relationship between federal and state law in instances of bankruptcy. Students will cover the practical implications of guiding a firm through the reorganization process, including asset sales, debtor-in-possession (DIP) financing, equity spin-offs, buyouts, ESOPs, restructuring of retiree health care/pension plans, and corporate layoff/downsizing programs. Prerequisites: AC 5250 (4 Credits)