Bankruptcy Law

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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.

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