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On Demand

Bankruptcy Liquidation Under Chapter 7

Content Partner:  Wake Forest University School of Law
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Bankruptcy Liquidation Under Chapter 7


  • The Honorable Craig Whitley
United States Bankruptcy Judge, Western District of North Carolina
Associate, Moon Wright & Houston, Charlotte, NC
ABA and NC State Bar Certified in Business Bankruptcy Law,
Chapter 7 Trustee, Partner, Waldrep Law

Partner, Moon Wright & Houston, Charlotte, NC

  • Steve H. Nickles
    C.C. Hope Chair in Law and Management, Wake Forest University School of Law
This course is a practical guide to filing bankruptcy under Chapter 7, which provides an additional means of relief for small businesses. Participants may first want to view “A Guide to Small Business Reorganizations and Liquidations” or those with a basic understanding of the types of bankruptcy may choose to take it on its own.
In this course, a group of experienced professionals, including a federal bankruptcy judge, Chapter 7 trustee, and Chapter 7 lawyers discuss the fundamentals of a Chapter 7 bankruptcy liquidation, including eligibility to file (who and what), where to file, what happens when there are joint filings (including spouses and entities), the effects of filing (including the impact of the automatic stay and the formation of the bankruptcy estate), and exemptions to the bankruptcy estate (what are they and who gets them). They also explain the roles and duties of the Chapter 7 trustee, and what debtors, and their lawyers, can expect in a hearing before the bankruptcy judge. They also discuss post-bankruptcy relief from debts and the process of conversion from another type of bankruptcy to Chapter 7, and vice versa.
Who Should Attend
Like all of the programs in this Wake Forest Law/Thomson Reuters Small Business Bankruptcy series, this course is designed for and targeted at lawyers, small business owners, accountants, paralegals, and other experienced professionals who are new to bankruptcy and want practical, real-world advice from judges and practitioners to help them advise clients.
These presentations are designed as structured discussions among selected, practicing experts and other professionals. They will not just talk at you. They will talk among themselves and swap experiences and ideas to show how bankruptcy works generally and how it works differently depending on the client’s peculiar circumstances, needs, and interests.
Course Content:
This program is divided into two parts:
I:        Eligibility and Filing Under Chapter 7; The Automatic Stay and Exemptions from the Estate Under Chapter 7 (90 minutes)
II:       The Chapter 7 Trustee; The Chapter 7 Hearing; and Post-Bankruptcy Relief (60 minutes)

Practice Areas: Bankruptcy & Creditors Rights, Business Organizations & Contracts
Online Media Type: Video
Production Date: 06/01/2020
Level: Basic
Category: Standard
Duration: 2 Hours, 33 Minutes
Online Format: On Demand

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Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.

If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance.  Credit totals for other formats are for complete programs.  Partial credit is not available for any online or downloadable format. 


West LegalEdcenter will not provide accreditation for states not listed. 

This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing

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Total Credits: 2.5
Specialty Credits: 
Status: Reciprocal Credit Available
Expiration: 05/31/2023
Training Type: Online

West LegalEdcenter provides accreditation as described here. You may be able to self apply for credits in states not listed.

Check your state requirements and get contact information.
Honorable Craig Whitley - United States Bankruptcy Judge, Western District of North Carolina
Cole Hayes - Associate, Moon Wright & Houston, Charlotte, NC
Jim Lanik - ABA and NC State Bar Certified in Business Bankruptcy Law, Chapter 7 Trustee, Partner, Waldrep Law
Richard Wright - Partner, Moon Wright & Houston, Charlotte, NC
MODERATOR Steve H. Nickles - C.C. Hope Chair in Law and Management, Wake Forest University School of Law
This product is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

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