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Can anyone help me to use IRAC (Issue, Rule, Application and Conclusion) form to analysis a case for BLAW 308?

Can anyone help me to use IRAC (Issue, Rule, Application and Conclusion) form to analysis a case for BLAW 308? Use the related same rules to discuss " Yes, the creditors/employees can collect from Christine" & " No, creditors/employees cannot collect from Christine". the case is below:

" As a sole proprietor, Bill runs a dry cleaning store called Bill’s Dry Cleaning. He is in deep financial trouble. His bank will no longer give him any credit and is threatening to demand immediate repayment of all money it has loaned to his business. Bill also owes money to other creditors.

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