Bankruptcy and its EffectsADRE Course No.: C1070 - 3 credit hours in Real Estate Legal Issues.
Course Outline and Objectives
Length Topic Objective Teaching Method
5 Introductions
25 Overview Bankruptcy Basics Lecture, discussion (Overhead projector/handout—basics of Chapters 7, 13, & 11)
20 Further Discussion Who fits where (the Means Test) Case studies (Overhead projector/handout—shows means test and bankruptcy case studies.)
10 Break
20 Exemptions "What do I get to keep/what do I give up?" Lecture, discussion (Overhead projector materials—usually retained: cars, furniture, retirement accounts, etc.)
25 Residential How bankruptcy impacts home ownership Lecture, discussion (Overhead projector materials—second mortgages, loan modification, arrears, homestead.)
15 Business Effects How bankruptcy affects your business Lecture, discussion (Overhead projector/handout—a summary of bankruptcy's effects on your business, your commission, etc.)
10 Break
15 Automatic Stay and Discharge Bankruptcy core principles Lecture, discussion (Overhead projector/handout—bankruptcy's effects on foreclosures, evictions, short sales, lawsuits, deficiency, etc.)
10 Tax Effects Overview of how bankruptcy affects your taxes Lecture, discussion (Overhead projector/handout: tax refunds, when to file your taxes, discharge of taxes owed, liens, 1099)
10 Non-dischargable debt Debts that bankruptcy does not discharge Lecture, discussion (Overhead projector/handout—student loans, divorce debt, taxes, fraud, fines, etc.)
10 Question and Answer Session Group questions
10 Evaluations Evaluate course Student activity
185 minutes total (less 5 minutes for introductions, 20 minutes for breaks, and 10 minutes for course evaluation) = 150 minutes of instruction = 3 credit hours