Course Details

Dealing with Debt: Law & Strategy When Businesses Fail

Entrepreneurship is a driving force in any economy. Although the prospect of a new business' profits can tantalize, entrepreneurship also has a dark side. In the United States, as well as globally, one out of every two new businesses fail with five years of startup; three out of five fail within ten. Thinking about, and planning for, your suppliers’ and customers’ financial failure — as well as your own — should thus be part of any comprehensive business plan. This course begins where Contracts ended. It examines strategies businesses use to collect debts owed them — and counter strategies debtors use to resist such collection. It will also study devices, such as the taking of collateral security, businesses use to enhance debt collection, and the effect these devices have on debtors. Finally, it analyzes how chapter 11 bankruptcy reorganizations can affect both debtors and creditors, and how businesses use and abuse the bankruptcy system. Grading will be 60% based on a final examination, and 40% on class participation in the simulations and in class discussion.

Catalog Number: BUSCOM 954-0


Course History

Spring 2018
Title: Dealing with Debt: Law & Strategy When Businesses Fail
Faculty: Markell, Bruce A. (courses | profile)
Section: 1     Credits: 1.5
Capacity: 25     Actual: 12