Bankruptcy Law
Helping clients in times of economic difficulties is the job of Bankruptcy Lawyers. They mainly help clients with court proceedings to reduce or eliminate debt by liquidating assets or guide them on how to move on with the bankruptcy proceedings. They can represent the debtor or the creditor.
RUDDERLY MENTORSHIP PROGRAM
Professionals from the industry take you under their wing. Personalised 1-1 mentorship
1 ON 1 TIME WITH SUCCESSFUL PROFESSIONALS ACROSS INDUSTRIES
IMMERSIVE MENTORSHIP STRUCTURE WITH A REAL WORLD ASSIGNMENT, TO GIVE YOU A SNEAK PEAK
BECOME A MENTOR
GIVE
BACK
FLEXIBLE TIMING
ALTERNATE
INCOME
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KEY SKILLS
Analytical
Proficiency in Math
Statistics
Accounting
Transactional Skills
Conceptual Clarity
Strong Work Ethics
Oral and Written Communication
Well informed on Government Regulations
Legal Codes
Critical thinking
Problem Solving
Interpersonal Skills
Auditing of pertinent financial information
Detail Oriented
PROS
It is a very well paying job
It deals with so many diverse subjects, you can always have one foot in bankruptcy and the other foot in whichever field you want. Eg: Environmental and Bankruptcy
You stay abreast with current developments
It poses new challenges every day with complex cases and thus giving you the satisfaction of doing something substantial
It is a reward-based experimental learning
There are a variety of cases
CONS
It is highly competitive
It constitutes several fields such as assets, acquisitions etc and thus could be very vast
Prolonged working hours It could get too technical and detail-oriented
A solid foundation of accounting is needed alongwith analytical reasoning
Filing for Bankruptcy is a tedious and emotional undertaking
OPPORTUNITY TYPES
GOT WHAT IT TAKES?
Litigation
Firms
Non-governmental Organisations
Advisors
Corporate Entities
Commercial Practice
Bank Representation
Individual Creditors
Bankruptcy Trustee
You can focus on one thing with utmost determination
You have a knack for numbers
You like to take up challenges
You like to surround yourself with paperwork
You are ruthless when it comes to making a point
KEY OPPORTUNITIES
Books
Podcasts
Networking Groups
Interesting Facts about the career
A Judge Decides Your Fate: That's right, your bankruptcy case is actually brought before a judge and must be filed in federal court. On the bright side, bankruptcy laws are pretty uniform throughout the country, but on the downside, you can’t just file a couple of papers and be done with the whole process.
Creditors can force you to go bankrupt: If your debts are high enough, creditors can petition the court and ask a judge to declare you bankrupt. If the judge complies with the request, you can be put on a court mandated payment plan.