There are many openings for bankruptcy associate jobs. We live in a society where bankruptcy is often the only solution to a financial situation, either personally or in business. In order to protect the interests of all parties, there are many bankruptcy laws in place which require trained legal assistance.
Because of the nature of a bankruptcy, legal counsel is often called in to protect the interests of the creditor and the debtor. Consequently, an attorney may represent a creditor, such as a bank or a credit card company, or they may represent the debtor: a municipality, a company or an individual.
Bankruptcy lawyers are trained to understand the intricacies of bankruptcy. These can be extremely stressful times for the debtor, who relies on their attorney to guide them through the process and protect their interests.
Paralegals with a bankruptcy focus work to arrange appraisals, conduct property searches and draft motions, judgments and requests for information.
When working with a debtor, a lawyer or paralegal will prepare for evidentiary hearings, create expense and operating reports, develop lists of debts assets and prepare mailings to creditors to inform them of bankruptcy proceedings. On the other side, when working with a creditor, a lawyer or paralegal will draft complaints and proofs of claim which involve data collection. They will also look at the debtor's schedule and other statements of affairs to determine how to best protect their client.
Bankruptcy lawyers are required to have the requisite 7 years of schooling, including a BA from an undergraduate college and a juris doctorate degree from an accredited law school. Additionally, they will need to pass the bar exam in the state which they want to practice in. Bankruptcy paralegals are generally hired after a minimum of one year of experience, while many job openings require that experience be in bankruptcy law.
An enormous amount of paperwork is involved with bankruptcy filings. Consequently, legal representatives in bankruptcy proceedings must be extremely organized and be able to work with a diverse group of people who each come to the table with their own agenda. Negotiation skills are a valuable asset when mediating between creditors and debtors while adhering to strict bankruptcy laws.
If you enjoy working with financial documents and a diverse clientele, you may want to consider applying for an open bankruptcy associate job