Vanderbilt Law School Background Image

Course Information

Corporate Bankruptcy

This course will examine the law and economics of corporate bankruptcy with a special focus on reorganization. In seeking to understand the role that corporate bankruptcy – and reorganization in particular – plays in today’s economy, the course will include analysis of how bankruptcy law shapes deal-making and the considerations that underpin corporate financing transactions. This involves understanding the design of event-of-default clauses, priority in debt, security interests and the role of credit derivatives. The course will study central aspects of the bankruptcy process including the automatic stay, fraudulent conveyances and preferences, debtor-in-possession (DIP) financing, claims trading and the process of negotiating and voting on a plan of reorganization. Prerequisite: Corporations or Corporations and Business Entities [3]