This course explores the role of debt, credit, and debt forgiveness in a capitalist society. It begins with an overview of the state court collection procedures, and then teaches the main provisions of the three primary chapters of the Bankruptcy Code: Chapter 7 liquidation, Chapter 13 wage‑earner rehabilitation, and Chapter 11 reorganization. The course is taught in part through the problem‑based teaching method, which helps students learn both the theoretical underpinnings of the materials, as well as its direct application to the practice of law. It is also taught through an examination of the procedures and forms that structure the practice of bankruptcy, and by attending hearings and creditor meetings. The course also addresses practical considerations such as the practice of law (particularly in the bankruptcy area) and the sources that an attorney needs to practice successfully.