Course ID
039933
Course Description
The primary goal of the American College of Bankruptcy LawMeet is to provide each participant a meaningful and engaging simulation in negotiating the terms of a workout and reorganization of a financially troubled company. The ACB LawMeet involves three distinct phases:
Students work in teams of two or three members and analyze case statements and other written materials. They then prepare and submit term sheets on behalf of one of the parties to each of the two transactions.
There are two rounds of negotiation on site. The first round of negotiation, in which one set of the competing term sheets will be used as the starting point, involves the negotiation of a plan between the debtor and its primary creditor. The second round of negotiation involves the negotiation of the sale of the debtor's assets between the unsecured creditors' committee and the lessor of the debtor's business premises.
Students work in teams of two or three members and analyze case statements and other written materials. They then prepare and submit term sheets on behalf of one of the parties to each of the two transactions.
There are two rounds of negotiation on site. The first round of negotiation, in which one set of the competing term sheets will be used as the starting point, involves the negotiation of a plan between the debtor and its primary creditor. The second round of negotiation involves the negotiation of the sale of the debtor's assets between the unsecured creditors' committee and the lessor of the debtor's business premises.
Min Units
1
Max Units
1
Repeatable for Credit
Yes
Total Completions Allowed
2
Total Units Allowed
2
Grading Basis
PNP - Pass/Fail
Career
Law
Course Requisites
May be convened with
Component
Independent Study
Optional Component
No