Are you a new attorney looking for bankruptcy lawyer jobs but not sure where to turn? Many times through college you probably contemplated the various areas of law you could have chosen, but the bankruptcy field interested you more than any other area. Alternatively, perhaps you are just trying to get your feet wet as an attorney and figure the bankruptcy lawyer jobs was easier to get than trying to land a corporate attorney position directly out of college. Regardless of your reasoning, you are now looking for bankruptcy lawyer jobs and confused on where you should look.
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.
Lawyering is often overwhelming, full of important decisions, adversarial situations and, especially in bankruptcy law, constant negotiation and communication with people. A few guiding principles will help you navigate this thicket. These principles are pretty simple - be honest, be ethical, and be clear. It's not so much that these standards of behavior will make you a morally upright citizen, although they surely will; but always minding these ideals will build and enrich your practice, make you a more effective practitioner and help provide you with signposts along this often tricky road.