var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.pubads().disableInitialLoad(); });
device = device.default;
//this function refreshes [adhesion] ad slot every 60 second and makes prebid bid on it every 60 seconds // Set timer to refresh slot every 60 seconds function setIntervalMobile() { if (!device.mobile()) return if (adhesion) setInterval(function(){ googletag.pubads().refresh([adhesion]); }, 60000); } if(device.desktop()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [468, 60], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } else if(device.tablet()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [320, 50], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } else if(device.mobile()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [320, 50], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } googletag.cmd.push(function() { // Enable lazy loading with... googletag.pubads().enableLazyLoad({ // Fetch slots within 5 viewports. // fetchMarginPercent: 500, fetchMarginPercent: 100, // Render slots within 2 viewports. // renderMarginPercent: 200, renderMarginPercent: 100, // Double the above values on mobile, where viewports are smaller // and users tend to scroll faster. mobileScaling: 2.0 }); });
×

Bankruptcy Attorneys Career

( 19 votes, average: 4.6 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
Bankruptcy attorneys or bankruptcy lawyers are people who specialize in the legal procedure through which businesses, corporations, and individuals are declared insolvent as well as financially incapable of paying creditors. Today, bankruptcy law is one of the most in demand areas of practice in the legal arena with law firms all over the country expanding their restructuring and bankruptcy practices, especially in these turbulent times where, companies and organizations are applying in larger numbers for bankruptcy.

Responsibilities of Bankruptcy Attorneys

If you are an attorney specializing in bankruptcy law, you may work in various kinds of positions, representing businesses or individuals who are filing for bankruptcy. In fact, a bankruptcy lawyer also represents creditors who are looking for payment from defaulting companies or organization. The attorney can also work as business advisors dealing in financial restructuring or liquidation issues on behalf of corporations that intend to purchase failing businesses for purposes of investment. Every position requires the services of a bankruptcy attorney for researching the purport of the law or a relevant judicial decision for applying to the respective cases.

Requirements

The educational qualifications of a bankruptcy attorney are similar to that of any lawyer. A lawyer is required to hold a bachelor's degree in law from an accredited law school or institution. Examples of the same are listed below:
 
  • Strayer Online University
  • Strayer University
  • University of Phoenix
  • Penn Foster College
  • AIU Online

The first step is to gain an undergraduate college degree, preferably in pre-law. Then you need to prepare for the LSAT (Law School Admission Test). Depending on the scores of the test and your GPA (Grade Point Average), apply for law schools. After three years of law school, complete your internship with a respectable law firm specializing in bankruptcy services.

For practicing law in most of the states, lawyers should have a Juris Doctorate or JD degree and are required to pass a written bar examination or other ethics examinations. There are additional requirements stipulated by agencies and courts for bankruptcy attorneys. At times, the private firms may ask for work experience or additional degrees.
 
Interested in these kinds of jobs? Click here to find Bankruptcy jobs.
Employment Outlook

The employment outlook for bankruptcy attorneys is extremely good in today's times. The United States Bureau of Labor Statistics states that generally lawyers start with salaried positions in law firms. These graduates usually start as legal associates or apprentices for gaining experience with senior lawyers. After practicing for a couple of years, a few lawyers may be offered to partner the firms of more established bankruptcy lawyers. On the other hand, other bankruptcy lawyers may seek opportunities in the private sector for becoming legal advisors or offer legal counsel to non profit organizations or corporate houses.

Salaries

The median annual salaries of bankruptcy lawyers according to the statistics of 2006 were around $102,470, compared with those in the mid levels earning between $69,910 and $145,600, although salaries depend on location, type, and size of the employer.

Conclusion

Bankruptcy law is a relatively stable area of legal practice irrespective of whether the state of the economy is healthy or otherwise. Moreover, the prospects are good no matter if you are dealing with personal filings or issues relating to the corporate sector. In fact, it may be summarized that the need for bankruptcy attorneys both on the side of the debtor as well as the creditor is likely to increase with the rise in the default rates of mortgage and consumer loans.
 
Interested in these kinds of jobs? Click here to find Bankruptcy jobs.



About Harrison Barnes
Harrison Barnes is the founder of LawCrossing and an internationally recognized expert in attorney search and placement. Harrison is extremely committed to and passionate about the profession of legal placement. Harrison’s writings about attorney careers and placement attract millions of reads each year. LawCrossing has been ranked on the Inc. 500 twice. For more information, please visit Harrison Barnes’ bio.

About LawCrossing
LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.


Featured Testimonials

LawCrossing is really good. It helped me in more than many number of ways.
Maisie


Facts

LawCrossing Fact #31: LawCrossing features a variety of jobs, from internships to entry-level jobs to executive positions.

 

Harrison Barnes does a weekly free webinar with live Q&A for attorneys and law students each Wednesday at 10:00 am PST. You can attend anonymously and ask questions about your career, this article, or any other legal career-related topics. You can sign up for the weekly webinar here: Register on Zoom

Harrison also does a weekly free webinar with live Q&A for law firms, companies, and others who hire attorneys each Wednesday at 10:00 am PST. You can sign up for the weekly webinar here: Register on Zoom

You can browse a list of past webinars here: Webinar Replays

You can also listen to Harrison Barnes Podcasts here: Attorney Career Advice Podcasts

You can also read Harrison Barnes' articles and books here: Harrison's Perspectives


Harrison Barnes is the legal profession's mentor and may be the only person in your legal career who will tell you why you are not reaching your full potential and what you really need to do to grow as an attorney--regardless of how much it hurts. If you prefer truth to stagnation, growth to comfort, and actionable ideas instead of fluffy concepts, you and Harrison will get along just fine. If, however, you want to stay where you are, talk about your past successes, and feel comfortable, Harrison is not for you.

Truly great mentors are like parents, doctors, therapists, spiritual figures, and others because in order to help you they need to expose you to pain and expose your weaknesses. But suppose you act on the advice and pain created by a mentor. In that case, you will become better: a better attorney, better employees, a better boss, know where you are going, and appreciate where you have been--you will hopefully also become a happier and better person. As you learn from Harrison, he hopes he will become your mentor.

To read more career and life advice articles visit Harrison's personal blog.

Let's Do It!
Email:

Only LawCrossing consolidates every job it can find in the legal industry and puts all of the job listings it locates in one place.

  • We have more than 25 times as many legal jobs as any other job board.
  • We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites.
  • We collect jobs from more than 250,000 websites and post them on our site.
  • Increase your chances of being seen! Employers on public job boards get flooded with applications. Our private job boards ensure that only members can apply to our job postings.
About Harrison Barnes

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

Success Stories

I was able to obtain my new job through LawCrossing. I love your service! Hopefully, I won't need your help for a while, but if I do, I'll certainly sign up again. I have already told others about your great site.
  • Theresa D. Colorado

Everyone Loves LawCrossing

Out of all the other job boards I have used, LawCrossing was definitely the most impressive. I have received many job interviews from jobs I applied to on your site.
  • Mark Herskovitz Los Angeles, CA
+ Read More Success Stories
  • All we do is research jobs
  • Our team of researchers, programmers, and analysts find you jobs from over 50,000 career pages and other sources
  • Our members get more interviews and jobs than people who use "public job boards"