Black Letter Outlines are designed to help a law student recognize and understand the basic principles and issues of law covered in a law school course. Black Letter Outlines can be used both as a study aid when preparing for classes and a review of the subject matter when studying for an examination. This outline covers: extra judicial colletion devices; judicial debt collection; fraudulent transfers; creditors with special rights; debtor's state law remedies and the Collective Creditor Act; an overview of bankruptcy; commencement, conversion and dismissal of a bankruptcy case; stay of collection actions and act; property of the estate; exemptions; avoidance of prebankruptcy transfers; postpetition transfers; effect of bankruptcy on secured claims; claims; leases and executory contracts; discharge; Chapter 13 cases; Chapter 11 cases; and allocation of judicial power over bankruptcy matters.