Bankruptcy law, or at least some variation thereof, existed as far back as the Roman Empire, although modern U.S. bankruptcy law springs from British bankruptcy statutes dating back to the sixteenth century. Bankruptcy was originally more of a sword than a shield, initiated by creditors and often leading to imprisonment for the delinquent debtor. A fresh start it wasn't.
Chapter 7 proceedings are the mirror image of Chapter 11 proceedings: But instead of attempting to reorganize and continue operations, the Chapter 7 debtor shuts down and liquidates all assets. Appropriately, Chapter 7 corporate debtors do not operate as debtors-in-possession; instead, the Office of the U.S. Trustee appoints a Chapter 7 Trustee to "wind-down" the business - liquidating its assets and distributing the proceeds to creditors.
Enough about the job. What about the work itself? What should you expect, what will your life be like, and how can you make the most of it?