This authoritative and widely cited introduction to bankruptcy will generate lively classroom discussion and hone students’ legal reasoning. New areas covered include Section 363(b) going-concern sales, Ponzi schemes in bankruptcy, debtor-in-possession financing, intercreditor agreements, carve-outs, credit-bidding, and first-day orders.
Douglas Baird is the Harry A. Bigelow Distinguished Service Professor of Law at the University of Chicago Law School.
Douglas Baird graduated from Stanford Law School in 1979. At Stanford he was elected to the Order of the Coif and served as the Managing Editor of the Stanford Law Review. He received his BA in English summa cum laude from Yale College in 1975. Before joining the faculty in 1980, he was a law clerk to Judge Shirley M. Hufstedler and Judge Dorothy W. Nelson, both of the U.S. Court of Appeals for the Ninth Circuit.
Mr. Baird served as Dean of the Law School from 1994 to 1999. His research and teaching interests focus on corporate reorganizations and contracts.
Paired with a treatise discussing the development of modern bankruptcy law from Catholic mercantile law in the Middle Ages for creditors. Fascinating to see the force of the Church in Western law.