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Chapter 11 Textbooks

posted by Bob Lawless

After my last post about my Bankruptcy Reorgs class, I figured I might as well make it chapter 11 day on the blog. The other thing that is on my mind this morning are textbooks for chapter 11 courses or advanced bankruptcy courses. Again, for you nonbankruptcy types, law schools generally offer a course in bankruptcy that is a broad overview of the subject. Like many other schools, we also offer an advanced elective that focuses on chapter 11 bankruptcy for businesses. My law school decided to inflict me on the students this year for that advanced course.

To my knowledge, there are three textbooks that might be used for the course: Mark Roe's Corporate Reorganization and Bankruptcy from Foundation Press; Mark Scarberry, Ken Klee, Grant Newton, and Steve Nickles's Business Reorganization in Bankruptcy from West; and Michael A. Gerber, Marcia Goldstein, Lawrence Gottesman, and (Credit Slips guest blogger) Ted Janger's Business Reorganization from Lexis Publishing. I always have used my own materials for the course, but I was wondering whether others who teach such a course have had experience with these texts. Are these texts widely used? What are the strengths and weaknesses of these texts?


I teach a chapter 11 reorganization seminar (as an adjunct) and use a standard bankruptcy case book but focus on chapters 1, 3, 5 of the code as well as 11. I also supplement the class with a number of handouts consisting of some articles that I have found to be very helpful in understanding "practical aspects" of the reorganization practice. I haven't seen the books that you have listed but I will try to get a copy of them to review for next years course. I have also found that Colliers Bankruptcy Code and Rules (3 vol. set) is best for the class because of its annotations.

I also have taught the basic bankruptcy course from a business bankruptcy perspective using the relevant portions of Warren & Bussel Bankruptcy casebook as the basic text. I teach the advanced Chapter 11 seminar as a practicum using my own unpublished materials.

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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.