National Paralegal College | Evaluated Learning Experience
Laws of Debtors and Creditors (PLG-305)
Varies; self-study format.
June 2014 - Present.
Upon successful completion of this course, students will be able to: summarize how debt can be created both voluntarily and involuntarily; describe how security interests in both real property and personal property are created and how they are perfected; explain how credit ratings are determined and maintained as well as explain the restrictions on accessing credit records under the Credit Reporting Act; illustrate the various methods of collecting debt as governed by the Fair Debt Collection Practices Act; assist in obtaining and collecting a final a judgment; recognize a fraudulent conveyance under the Uniform Fraudulent Conveyances Act; articulate purposes of the U.S. Bankruptcy Code; draft the documents necessary to proceed with a case under Chapters 7, 13 and 11 of the Bankruptcy Code; and analyze and evaluate basic issues that arise in the administration of a bankruptcy case.
The course discusses all aspects of the debtor/creditor relationship and teaches students to understand critical concepts such as how debt is created, secured and eventually relieved. Using case studies, students comprehensively and critically explore the various types of liens and debts that can arise, and how those debts can be collected, prioritized, and repaid. The second half of the course focuses on the three major types of bankruptcy proceedings: Chapter 7 (liquidation), Chapter 11 (personal reorganization) and Chapter 13 (business reorganization). Through hypothetical situations and drafting exercises, the class demonstrates how a bankruptcy case unfolds, from the moment a debtor makes contact with a lawyer until the case is closed. Evaluation criteria include: required readings, practice assignments; class participation; and a final exam.
In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate degree category, 3 semester hours in Paralegal Studies or Business Law (3/18) (5/23 revalidation).