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NEW for 2008.

Just revised to reflect all current laws related to bankruptcy.

There are a number of reasons why the business credit professional should make a careful study of both Bankruptcy law and Bankruptcy procedure. To safeguard your company's interest as a creditor is as much the credit professional's duty as is the selection and implementation of credit risks. Knowledge of Bankruptcy law is, therefore, an essential competency and requires proficiency at the same level as a credit professional's analytical ability in the interpretation of financial information about your customers.

The Bankruptcy law is complex and technical. Moreover, the bankruptcy court provides a battleground where interests of debtor and creditors may clash and under whose rules the issues must be played out.