It’s a sad of affairs that means that in the global credit crunch, one industry is booming: being a bankruptcy attorney means having a lot of work!  Additionally, and largely as a result of the greater numbers of individuals and businesses filing for bankruptcy, there have been very recent changes in bankruptcy law so there has never been a better time to train and start to work to help those going through this financial crisis situation.    But what does it take to be a bankruptcy attorney?

  • Your starting point is to get the best out of your college education opportunities, so if you know that the legal world is where you are headed, try to graduate with a pre-law college degree.
  • The next step is law school, for which you will need to pass an admissions test (LSAT).   There are prepatory courses and study books available that will help you to prepare for the LSAT and they should help, so make sure that you do put the study time in: the higher your pass grade, the more chance you have of being accepted into (a) the law school of your choice (b) any law school at all!
  • Once you have your LSAT results, apply to law schools using your LSAT and your college degree qualifications to help you on your way.
  • Law school generally takes three years.  Throughout this time, you should be able to apply for internships in order to gain professional experience.  Try to obtain an internship which will give you an insight into the specialist area of bankruptcy, for example working within a bankruptcy practice or financial law institutions whose practice which includes this area within their remit.
  • Once you have graduated from law school you should be able to obtain a position in a bankruptcy practice.   Use any contacts that you made during your internships, to make that work experience really pay for you!
  • Alternatively, you could set up your own practice as a bankruptcy attorney.  This will mean a significant investment on your part to start with, as you will need to ensure that your practice has all of the necessary hardware and software required to comply with the bankruptcy proceedings regulations for paperless filing.   However, this investment shouldn’t prevent you from going it alone if your credentials are good, and of course you can make good use of contacts and colleagues from your study and internships.
  • Do consider the geography of the situation either for a job search or to start your own practice.  Bankruptcy is inevitably linked with business and the cities are the heart of the business world, so, heading for the cities is a good idea – a New York bankruptcy attorney or Portland bankruptcy attorney can easily have the choice of working for a practice or alone.   However, you might find more excitement than just working totally within finance to the exclusion of any other interests: bankruptcy attorneys Los Angeles could find themselves working alongside the film industry whilst a Las Vegas bankruptcy attorney may also want to be involved in an advisory capacity relating to the role of gambling in bankruptcy in the Nevada State.

Lots to think about then on your road to becoming a bankruptcy attorney: best of luck for your journey!

Related posts:

  1. How Best to Source and Utilize a Tax Relief Attorney
  2. Seeking Bankruptcy Advice
  3. Need a Debt Settlement Attorney?
  4. IRS Debt Settlement
  5. Write off Debt Yourself
  6. Welcome to Your Debt Relief Center
  7. Minimizing Your Tax Debt

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Filed under: Bankruptcy • Common Sense Financial Advice • Debt Settlement • Tax Debt

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