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A bankruptcy practitioner needs to be a a jack-of-all trades. He will one day be negotiating the credit facility that will keep the debtor operating through bankruptcy, the next day massaging the employee retention package into place, and the day after that striding into court, guns blaring, to defend the debtor from a threatened, and potentially fatal, supply shutdown.
The bankruptcy lawyer is the last of the old-time generalists, armed and willing to perform any task necessary to protect his client. At the heart of all of the bankruptcy lawyer's functions lies one central role: rescue worker. Companies are in bankruptcy for a reason - they've hit the perfect storm, and somebody's gotta come in and haul that boat into port, or at least make sure there arc enough lifeboats to go around. That someone is the bankruptcy lawyer - out to salvage the equipment, the crew, or, with luck, the whole boat.
Among the most common roles for a bankruptcy attorney are: litigator,dealing with commercial financing, M&A attorney,labor & employment,handling secured transactions and sometimes even COO.
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