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Bankruptcy Law

I.     Course Prefix/Number: PAR 225

       Course Name: Bankruptcy Law

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

PAR 101 and PAR 110, both with minimum grade of C. Recommended: PAR 113 and PAR 210 or consent of program coordinator.

III.   Course (Catalog) Description

Course covers the principles, history, and sources of bankruptcy law in the United States, as well as the law relating to Chapters 7, 9, 11, 12, and 13 of the United States Bankruptcy Code. Content includes instruction in the drafting of the schedules needed for Chapter 7, 9, 11, 12, and 13 filings. Course examines the jurisdiction of the federal bankruptcy courts and the role of the paralegal in bankruptcy law.

IV.   Learning Objectives

1. Demonstrate an understanding of the history of U.S. Bankruptcy Law.
2. Understand the general provisions of the U.S. Bankruptcy Code and the alternatives available to a bankruptcy under state law.
3. Demonstrate a knowledge of the concepts important to debt relief.
4. Identify and understand the most common types of bankruptcy litigation.
5. Understand the claims process and the role of the court, trustee, creditor, debtor, debtor in possession, and creditor's committee related thereto.
6. Demonstrate an understanding of reorganization proceedings.
    A. understand the purpose of a Chapter 13
    B. know the basic concerns in a Chapter 11 proceeding
    C. know the rules of proceeding pursuant to Chapter 12 of the Bankruptcy Code
    D. identify the role of the creditor's committee, debtor, debtor in possession, trustee, and the court in a reorganization proceeding
    E. understand the process of plan confirmation
7. Show an understanding of the jurisdiction of the United States Bankruptcy Courts.

V.    Academic Integrity

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook.

VI.   Sequence of Topics

1. History of Bankruptcy law
2. Debt Relief
3. Bankruptcy Litigation
4. Liquidation Claims
5. Reorganization Proceedings
6. Bankruptcy Courts and Jurisdiction
7. Ethics of Bankruptcy Law

VII.  Methods of Instruction

1. Lecture
2. Discussion
3. Presentations


Course may be taught as face-to-face, media-based, hybrid or online course.

VIII. Course Practices Required

1. Reading Assignments
2. Writing Assignments

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

X.    Methods of Evaluating Student Progress

1. Examinations
2. Quizzes
3. Class participation
4. Student projects

XI.   Other Course Information



If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.