BANKRUPTCY BANKRUPTCY Table of Contents CHAPTER 1

							                               BANKRUPTCY

                               Table of Contents
CHAPTER 1: INTRODUCTION TO BANKRUPTCY

A. Consensual and Judicial Liens
   1. Introduction
   2. Consensual Liens
      a) Security Interests in Personal Property
          (i) Types of Security Devices
          (ii) Creation of the Security Interest
          (iii)Perfection and Priorities
          (iv) Default
      b) Security Interests in Real Property
          (i) Introduction
          (ii) Types of Security Devices
          (iii)Creation of Security Interest
          (iv) Perfection and Priorities
          (v) Rents
          (vi) Foreclosure
   3. Judicial Liens
      a) Judgment and Execution Liens
          (i) Judgment Liens
          (ii) Execution Liens
      b) Attachment Liens
B. Early Bankruptcy Law
C. Overview of Bankruptcy Law
   1. Introduction
   2. Types of Bankruptcy
   3. Eligibility for Bankruptcy
   4. The Petition in Bankruptcy and the Automatic Stay
   5. The Trustee in Bankruptcy
   6. Meeting of Creditors
   7. Claims of Bankruptcy
   8. Distribution of Assets to Unsecured Creditors
   9. Discharge

                                  OUTLINE
CHAPTER 1: INTRODUCTION TO BANKRUPTCY

A. Consensual and Judicial Liens
   1. Introduction
      a) Bankruptcy is federal law.
      b) Bankruptcy reform Act of 1978 is codified in Title 11 of the United States
          Code, this is the bankruptcy code. It amended the Bankruptcy Act of 1898
          which is the Bankruptcy Act.
          (i) Bankruptcy Code is supplemented by.
                Title 18 (Bankruptcy crimes)
                Title 23 (Bankruptcy court and jurisdictions)
          (ii) Supreme Court also has issued rulings which authorize the Bankruptcy
               Code.
      c) The Bankruptcy Code is governed by the following federal law.
          (i) Title 11
          (ii) Title 18
          (iii)Title 23
          (iv) Supreme Court
      d) Rights of D and C are governed a lot by state law.
          (i) Butner v. United States, 440 U.S. 48.
      e) Process of C accruing D property.
          (i) Obtains an interest (lien).
                Then can sell and get proceeds.
                Ways to get a lien.
                   o Voluntary grant by the debtor. (consensual liens)
                        At beg. of a credit transaction.
                        Sec. Int §101(51)
                        Can be both personal and real property
                   o Judicial action by the creditor. (judicial liens)
                   o Statute (statutory liens)
   2. Consensual Liens
      a) Security Interests in Personal Property
          (i) Types of Security Devices
          (ii) Creation of the Security Interest
          (iii)Perfection and Priorities
          (iv) Default
      b) Security Interests in Real Property
          (i) Introduction
          (ii) Types of Security Devices
          (iii)Creation of Security Interest
          (iv) Perfection and Priorities
          (v) Rents
          (vi) Foreclosure
   2. Judicial Liens
      a) Judgment and Execution Liens
          (i) Judgment Liens
          (ii) Execution Liens
      b) Attachment Liens
B. Early Bankruptcy Law
C. Overview of Bankruptcy Law
   1. Introduction
   2.   Types of Bankruptcy
   3.   Eligibility for Bankruptcy
   4.   The Petition in Bankruptcy and the Automatic Stay
   5.   The Trustee in Bankruptcy
   6.   Meeting of Creditors
   7.   Claims of Bankruptcy
   8.   Distribution of Assets to Unsecured Creditors
   9.   Discharge


                                  DEFINITIONS

A. Jubilee:
   1. Every 50 yearsish, the end of seven sabbatical years, the Sabbath’s Sabbath’s, the
      year is announced by the shofar during the years Yom Kippor