In undergrad, I interned for a bankruptcy trustee and bankruptcy attorney. I loved my experience with them, so I went to law school with the intent of being a bankruptcy attorney. I took classes that would help me in a bankruptcy practice. After law school, I went back to assist those same attorneys. I applied for an open position as an associate bankruptcy attorney at another firm where I am now partner.
Summary: Bankruptcy Attorney Specializing in Chapter 7 and Chapter 13 Consumer Bankruptcies
My days are spent in consultations and follow up appointments with clients. A lot of face-to-face client interaction.
The satisfaction of knowing you are helping people get their lives back.
Must be comfortable meeting new people on a daily basis. Must be detailed oriented. Most lawyers avoid math, but bankruptcy attorneys must use a lot of it.
I am partner at my firm, so my bonuses are worth more than my base salary. An associate bankruptcy attorney has the potential to earn 6 figures. If made partner, the potential is in the hundreds of thousands per year.
If you think you might be interested in bankruptcy, start by volunteering with the Volunteer Lawyers Network. There, you can pick up some pro-bono Chapter 7 bankruptcy cases and help low-income individuals eliminate their debt.
Our firm has outstanding company culture, but that may not be a universal experience at other firms. The industry is a small niche which is fun because all of the debtor attorneys, creditor attorneys, judges, and trustees know each other. It is fun to be in an industry where people recognize each other.
The odd thing about being a bankruptcy attorney is that when the market is bad, we do great. COVID-19 has been disastrous for the American economy which will eventually result in an immense increase in bankruptcy cases. The future looks good for bankruptcy attorneys.
Great work life balance. I work 8am-5pm Monday through Friday and not much more beyond that.