The bankruptcy reorganization process affords business entities extraordinary forms of relief from the claims and legal actions of creditors, all while balancing that relief with the interests of creditors, shareholders, stakeholders, and the debtor's directors and officers. This course examines not only the legal requirements of representing different parties in the reorganization process and the ongoing policy battles over Chapter 11's philosophy, fairness, efficiency, effectiveness, and evolution but also examines numerous strategic approaches to real-world legal problems. In addition to learning to apply the bankruptcy code to numerous legal problems, students will also learn valuable skills to identify leverage points and negotiation and strategy skills.