Probably the best way to understand the various roles of a bankruptcy lawyer is to walk through a sample Chapter 11 process, exploring its various twists and turns, from pre-filing to plan confirmation. This section focuses on a corporate Chapter 11 proceeding, as opposed to the alternative corporate process, a Chapter 7 liquidation.
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.
So you've spent a few years at your firm and you're trying to figure out what's next. Most attorneys, after two or three years of practice, enter a restless period. Unhappy attorneys stay this way, drifting from job to job, without any pattern or actual career path. Not a happy way to live your professional life.