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This is the only bankruptcy casebook with two co-authors who not only teach bankruptcy but serve as bankruptcy judges. Together, the four co-authors have taught bankruptcy courses at more than 20 very different law schools. Drawing on this experience, they have prepared original text, problems, and edited cases with three goals in mind: (1) introduce students to one new bankruptcy concept at a time, (2) show students the connection among the various concepts and (3) give the students a sense of how these bankruptcy concepts are used not only in bankruptcy cases but also in transactions.