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This book was written to fill the gap between the purely problem-driven and the wholly case-law approaches in the available teaching materials for bankruptcy. The book deals with both consumer and business bankruptcies and avoids an unremitting political or theoretical perspective. Coverage includes creditors’ rights and remedies, the first consequences of bankruptcy, unsecured claims in bankruptcy, secured claims in bankruptcy, avoiding powers, executory contracts and unexpired leases, discharge, and reorganization. The new edition features the latest cases, both as principal cases and as the foundation for questions and problems.