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Sponsored by Lorman Education
Product ID: 406687EAU
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Understanding the Basics of Bankruptcy and Bankruptcy Terminology

OnDemand Webinar (89 minutes)

Get a foundational understanding of the basic concepts of bankruptcy so that you can navigate the complexities of bankruptcy with ease.Bankruptcy can have a substantial effect on the rights of creditors, and to protect their interests, they must know how bankruptcy works and what they can do. This topic is designed to arm creditors and other parties in interest with a basic understanding of bankruptcy in the United States. You will learn the differences between liquidation and reorganization cases, the sorts of notices you should expect to receive in connection with a bankruptcy, and when it is necessary to intervene or engage outside counsel. This program will be valuable for anyone seeking a comprehensive review of the basics of bankruptcy.


Hugh McCullough, Davis Wright Tremaine LLP


Filing for Bankruptcy

• Who Is Eligible

• What Is Required

• Voluntary and Involuntary Filings

• Differences Between Chapters of the Bankruptcy Code

Effect of Filing for Bankruptcy

• Automatic Stay

• Property of the Estate

• Use, Sale, or Lease of Estate Property

• Obtaining Credit

• Contracts and Leases

Claims Against the Estate

• Distinction Between Pre- and Post-Bankruptcy Obligations

• Treatment of Unsecured Claims

• Treatment of Secured Claims

• Treatment of Administrative Expenses

Closing a Bankruptcy Case

• Plan of Reorganization

• Effect of Discharge