584 Bankruptcy & Insolvency (Lund)

LAW584

Bankruptcy & Insolvency

(Lund)

Prerequisite courses: 

Prerequisite for: LAW601 Corporate Reorganization & Restructuring Law

Instructor(s): Professor Anna J Lund

Course credit: 3

Method of presentation: Lecture

METHOD OF EVALUATION

The primary method of evaluation in this course is an open-book exam worth 100% of the grade.

Students have the option to prepare a research project, approved by the instructor, for 50% of the grade in the course.

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 practice outside of Alberta.

SPECIAL COMMENTS

Description updated 2023-2024. Please contact the instructor for any specific questions you may have related to this particular course section.

REQUIRED TEXTS (IF ANY)

An electronic course pack will be made available to students. Additionally, readings will be assigned from Roderick Wood, Bankruptcy and Insolvency Law, 2nd ed, (Irwin, 2015) and students may wish to purchase this book or make use of the reserve or electronic copies in the library.