Bankruptcy Lawyers

A Client Consults with His Bankruptcy Lawyer

Bankruptcy is a legal process in which a person, business, or other organization receives permission to not pay certain debts or to pay a lesser amount than what is owed. Bankruptcy lawyers assist their clients in obtaining protection from creditors under existing bankruptcy laws and help them with financial reorganization and debt repayment. 

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Quick Facts
Alternate Title(s) Bankruptcy Attorneys
Duties Assist clients, both individuals and organizations, in obtaining protection from creditors under existing bankruptcy laws and with financial reorganization and debt repayment
Salary Range $50,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are available throughout the country but are strongest in economically depressed areas
Minimum Education Level
  • Law Degree
School Subjects
  • Business
  • English
  • Mathematics
Experience Internship or clerkship highly recommended
Personality Traits
  • Helpful
  • Organized
  • Problem-Solving
Skills
  • Financial
  • Interpersonal
  • Organizational
Certification or Licensing Required
Special Requirements None
Employment Prospects Good
Advancement Prospects Good
Outlook About as Fast as the Average
Career Ladder
  • Senior Partner, or Bankruptcy Judge, or Self-Employed
  • Bankruptcy Lawyer
  • Law Clerk or Intern

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