LAW584
Bankruptcy & Insolvency
(Wood)
Prerequisite courses:
Prerequisite for: LAW601 Corporate Reorganization & Restructuring Law
Instructor(s): Professor Rod Wood
Course credit: 3
Method of presentation: Lecture
METHOD OF EVALUATION
The primary method of evaluation in this course is an examination worth 100% of the Grade.
Students have the option to write a paper of approximately 3,000 words in length on an insolvency law topic approved by the instructor for 50% of the grade in the course.
Examination will be: open book
COURSE DESCRIPTION
This course will examine the federal Bankruptcy and Insolvency Act, other insolvency legislation such as the Companies' Creditors Arrangement Act and a brief examination of the law relating to receiverships. Participants will be given an opportunity to acquire an understanding of the policy objectives and legal structure underlying modern bankruptcy and insolvency law. The course will begin by looking at the means by which the bankruptcy system is invoked. It then examines the question as to what property vests in the trustee, the effect of bankruptcy on third parties and the ability of the trustee to set aside reviewable transactions. Finally it will examine the manner of distribution of proceeds and the discharge of the bankrupt individual. The course will also examine the insolvency regimes that provide alternatives to bankruptcy. Since bankruptcy and insolvency law is federal in origin, this course will also be of interest to students who plan to practise outside of Alberta.
SPECIAL COMMENTS
Description updated 2019-20. Please contact the instructor for any specific questions you may have related to this particular course section.
REQUIRED TEXTS (IF ANY)
Wood, Bankruptcy and Insolvency Law, 2nd ed., Irwin Law (2015)