The Bankruptcy Litigation course is designed to provide students with practical, direct, and realistic experience with the procedural rules applicable to the resolution of disputes that commonly occur in contested chapter 11 reorganization and chapter 7 bankruptcy cases.
If you fail the Means Test because your income is too great, you may have to file a Chapter 13 bankruptcy rather than a Chapter 7. In that case, you can still file for bankruptcy without a lawyer, but it will be more difficult. That's because Chapter 13 cases are much more complicated than Chapter 7 bankruptcies.
All bankruptcy cases are handled in federal courts under rules outlined in the U.S. Bankruptcy Code. There are different types of bankruptcies, which are usually referred to by their chapter in the U.S. Bankruptcy Code.
Therefore, the operating agreement, in addition to state law governing the LLC and the Bankruptcy Code’s provisions invalidating ipso facto termination clauses, impacts whether a non-bankrupt party should proceed, with or without bankruptcy court approval, in the operation or dissolution of an LLC after another member’s bankruptcy.