The ABCs of Debt: A Case Study Approach to Debtor/Creditor Relations and Bankruptcy Law, Fifth Edition Stephen P. Parsons ISBN: 9781543801033-Test Bank

Testbank for The ABCs of Debt: A Case Study Approach to Debtor/Creditor Relations and Bankruptcy Law, Fifth Edition Stephen P. Parsons

1. ISBN-10

   154380103X
2. ISBN-13

   978-1543801033
3. A hands-on approach is used to bridge the gap between comprehending bankruptcy concepts and confidently applying them in The ABCs of Debt: A Case Study Approach to Debtor/Creditor Relations and Bankruptcy Law, Fifth Edition by Parsons. The book starts with the belief that a thorough understanding of bankruptcy requires a solid foundation in other areas of debtor/creditor relations. This foundational knowledge is reinforced through realistic, current case studies that introduce, explain, and exemplify bankruptcy law and procedure. Students witness the progression of a bankruptcy case, from the initial contact between a debtor and a lawyer to the closure of the case. This sequential, step-by-step approach is utilized to analyze cases filed under Chapter 7, Chapter 13, and Chapter 11. The objective of this book is not only to educate students ‘‘about’’ bankruptcy, but also to instruct them in how to ‘‘do’’ bankruptcy. The wide-ranging coverage encompasses bankruptcy law, debt creation, secured transactions, the law of liens, and debt collection.

   In the Fifth Edition, the following updates are featured:

   • Inclusion of significant court rulings regarding debt collection and bankruptcy, such as:
     • Czyzewski v. Jevic Holding Corp, which invalidated structured settlements concerning a Chapter 11 debtor that conflict with §507 priorities unless affected creditors consent
     • Midland Funding, LLC v. Johnson, U.S. decision that the filing of a time-barred proof of claim does not constitute a false, deceptive, misleading, unfair, or unconscionable debt collection practice within the meaning of the Fair Debt Collection Practices Act
     • Lamar, Archer & Cofrin, LLP, v. Appling, which determined that a materially false written statement about a single asset can be considered a “statement respecting the debtor’s financial condition,” rendering the related debt to the asset nondischargeable under §523(a)(2)(B)
     • Epic Systems Corp. v. Lewis, which established that private-sector non-union employers can use class-action arbitration waiver provisions to prevent employees from participating in a class action or collective arbitration to challenge alleged wage and hour violations
   • Revised references related to the Consumer Financial Protection Bureau and the Department of Education (student loans), payday lending, and car loans
   • Examination of the causes of bankruptcy for individuals aged 65 and above
   • The demonstration bankruptcies have been relocated to appendices for ease of access
   • Updated case studies that comply with the most recent amendments to the official bankruptcy forms in effect at the time of publication, including the important new Form B113, Chapter 13 Plan sanctioned by the U.S. Judicial Conference in 2017

   Both professors and students will appreciate the following:

   • Realistic Case Studies
   • Problem-Hypotheticals where students can apply concepts to real-life scenarios
   • Learn-by-Doing exercises, examples, and illustrations
   • A sequential organization of bankruptcy topics that mirrors real-world practice
   • Ethical Considerations highlighting relevant ethical or professional challenges associated with the topic under consideration
   • Chapter summaries, review questions, and sample forms
   • View from the Bench, containing case excerpts and accompanying Applying the Law exercises that connect doctrine with practical application
   • Engaging and informative text boxes
   • Key Concepts at the start of each chapter
   • Comprehensive Case Files