Instructors know they can depend on this casebook for: - extraordinary authorship from two of the most highly respected experts in the field - skillful use of the systems approach, examining how the law is applied in actual transactions and teaching the Code in context - teachable problems prefaced by straightforward textual explanations and cases - great flexibility for structuring a course regardless of emphasis or approach - distinctive organization by assignment units that takes the effort out of preparing a syllabus - cutting-edge coverage of emerging issues - careful exploration of the intersection between secured transactions and bankruptcy - extremely thorough Teacher's Manual with answers to all problems, as well as suggestions on omitting sections due to time constraints - well-written text and vivid problems, helping the students understand the basics while they also get the chance to strategize over more advanced issues - a complete set of PowerPoint presentations for classroom use, available at http: //lopucki. law. ucla. edu/securedcredit This careful revision responds to developments in the law: - full coverage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 - reflects recent amendments to the Model Rules of Professional Conduct - dual section numbers to facilitate use with either version of UCC Article 1 - new cases, including -- Till v. SCS Credit, the Supreme Court's holding that the interest rate on secured creditor payouts in bankruptcy should be the risk-free rate plus one to three percent -- Kinderknecht, the Eighth Circuit Bankruptcy Appellate Panel holding that filings must be in thelegal name of the debtor, not a nickname -- RFC Capital v. Earthlink, the Ohio Appellate Court's holding dealing with release of lien in an Internet service provider's sale of its customer base -- Spearing Tool, the Sixth Circuit's holding that the IRS doesn't have to comply with the debtor name requirements of Article 9 when in the Article 9 filing system