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Reveals the unwritten and hitherto inaccessible principles that govern the restructuring of large corporations in Chapter 11.
This book focuses not on cases but on eleven principal problems as the means for teaching the field. The problems encompass remedies found in Chapters 7, 9, 11, 12, and 13 of the Bankruptcy Code and provide a wide range of coverage. They also introduce the student to questions relating to core and non-core proceedings and the intricacies of avoiding liens, preferences, and fraudulent transfers. State law and non-bankruptcy federal law questions, as well as bankruptcy issues, are intertwined in the problems. Court opinions and text are employed, but solely as a means for problem solution. Memos, correspondence, and forms used in actual cases are included in the materials. The eleven sections of the book each open with a problem. The materials following the problem in that section are then used to solve it. No single solution is anticipated. A wide range of student participation is possible using the materials. Miller provides a real-world, hands-on approach to bankruptcy. It is an approach which he pioneered in the late 1960s and has used every year since in his bankruptcy classes.