Provides material so students can "answer" problems (to the extent the problems have answers). Materials on traditional state collection remedies are reduced, while materials on Chapter 11 are expanded. New chapters deal with single-asset real estate bankruptcy cases, compare workouts with Chapter 11, survey the liability of third parties, such as sureties, insiders, and issuers of letters of credit, and examine the liability of lenders to the debtor to other lenders and to the government under a varietyof theories ranging from breach of participations agreements to environmental accountability.

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