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About the Book

The ABCs of Debt: A Case Study Approach to Debtor/Creditor Relations and Bankruptcy Law

Front Cover - The ABCs of Debt: A Case Study Approach to Debtor/Creditor Relations and Bankruptcy Law

Fourth Edition


Stephen P. Parsons

2017. 756 pages. ISBN: 978-1-4548-7350-1. Instructor's Manual with Test Bank and Drafting Exercises, PowerPoint slides, and To Learn More activities. 

About the Book

The hands-on approach of The ABCs of Debt bridges the gap between understanding bankruptcy concepts and knowing how to use them with confidence.  Case-studies illustrate real-world bankruptcy and debtor/creditor issues.  Learn-by-doing exercises develop the practical skills and working knowledge of a paralegal.  The text’s broad coverage includes bankruptcy law, debt creation, secured transactions, the law of liens, and debt collection.

The Fourth Edition has been substantially revised and reorganized to enable more efficient and focused instruction. The text is divided into three parts:
Part A: The Creation and Collection of Debt Prior to Bankruptcy (Chapters Two through Five)
Part B: Consumer Bankruptcy under Chapter 7 and Chapter 13 of the Code (Chapters Six through Sixteen)
Part C: Business Bankruptcy under Chapter 11 of the Code (Chapters Seventeen through Twenty)
With these revisions it should be easier to cover the material in a single semester and the bankruptcy material is more clearly presented in a way that emphasizes the important consumer/business bankruptcy distinction.

The well-crafted pedagogy of The ABCs of Debt:
• Realistic case studies that add a strong skill-building component to any study of bankruptcy law
• Problem-Hypotheticals in which students apply the text to realistic situations
• Learn-by-doing exercises, examples, and illustrations 
• A sequential organization of bankruptcy topics that mirrors practice
• Ethical Considerations that highlight relevant ethical or professional challenges presented by the topic under discussion
• Chapter summaries, review questions, and sample forms 

Introducing three new features:
• Highlighted case excerpts, accompanied by Real-Life Application Exercises, that link doctrine to practice
• Engaging and informative text boxes
• Key Concepts at the start of each chapter

In step with the times, the Fourth Edition provides:
• In-depth coverage of the differences between consumer and business bankruptcy 
• Updated forms for the three bankruptcy case studies
• Updated discussion of Supreme Court decisions: 
Bank of America, N.A., v. Caulkett; Law v. Siegel; Harris v. Viegelahn; Executive Benefits Ins. Agency v. Arkison; Wellness International Network, Ltd., v. Sharif; Husky Int’l Electronics, Inc. v. Ritz
• References to recent lower-court decisions resulting from the 2005 BAPCPA amendments to the Bankruptcy Code

Preface / Sample Chapters