Sunday, November 11, 2012

In This Economy the Best Career Choice Is to Be a Bankruptcy Attorney


In today's economy, people are struggling to keep their jobs. It was recently reported that only 24.6% of all jobs in the United States today are actually good jobs. Working at Mickey D's or other fast food restaurants does not constitute a career choice by any means. The unemployment numbers were released in the beginning of August and with no surprise, are worse than the previous month at 8.3%. One thing the government is not telling us is the number of people that have fallen off the radar because their unemployment insurance has run out and they still are not working. Over 51% of Americans are now on government assistance. It seems that the number of Americans filing bankruptcy is soon going to take another rise. The number of Americans filing bankruptcy continued to rise to a high of close to 1.6 million back in 2010. Since then, the numbers have dropped a little or stayed flat. Many experts have been predicting that this might be the calm before the storm.


In this economy we should be instructing our children to go to law school to become a bankruptcy attorney. This is one of the only careers that thrives in a bad economy. Recently, many bankruptcy lawyers have diversified and started defending clients that were in foreclosure. When the foreclosure numbers started climbing back in 2010, attorneys noticed that the banks that were foreclosing warrant even doing diligence to prove to the court who actually was on title of the property. Because of the derivatives market, many loans that were taken out back in the boom time were sold and resold many times over. This happened due to the deregulation of the industry. Many banks could not even prove that they own the paper free and clear, angering the judges causing the bank to lose the property entirely. Now, a foreclosure takes approximately one year from beginning to end as banks are making sure that their I's are dotted in their T's are crossed. Real estate experts are predicting a continued decline in real estate prices nationwide and the economy continues to wallow.

With all this going on this makes it a prime time for young adults in law school to begin practicing as a bankruptcy attorney. This economy will not recover any time soon and over the next 10 years we will see many Americans filing bankruptcy. People having financial trouble should consider consulting a bankruptcy attorney to look at different options. For someone with a large amount of unsecured debt, filing Chapter 7 bankruptcy is King. If it's more about protecting one's property Chapter 13 bankruptcy is probably better. Americans that are buried under a mountain of debt shouldn't wait around until they hit rock bottom, but save any assets they have now by using a bankruptcy filing. Bankruptcy will break the bondage of debt and send the consumer on the road to becoming debt free.

34 comments:

  1. Nice blog, thanks for sharing the information. I will come to look for update. Keep up the good work.

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  2. Bankruptcy Attorney in Pittsburgh guide you through the step-by-step process of searching, obtaining a filing date, and prosecuting a patent application for a particular invention.

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  3. Hi there! great stuff here, I'm glad that I drop by your page and found this very interesting. Thanks for sharing, keep it up!
    If your gross income is above the median income of the state in which you reside, you cannot file for Chapter 7, but filing Chapter 13 may still be possible. There may be other options available to you as well, and we will help you review these choices.

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  4. I'm agree on this because today there was a lot of business in our place but some of them goes to a bankruptcy case. They will find a great lawyer to solve their case like this. That's why Bankruptcy lawyer are the best career to choice.

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  7. Bankruptcy lawyers experts are experts in the guidelines of Bankruptcy-Attorney. They are the ones capable of helping companies eliminate their bad financial obligations. They do this by helping their customers spread their resources over their lenders or by helping them in developing a plan on how they can pay their lenders over a period of time.

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  8. I feel like today we need a good lawyer for anything now a days.

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  9. It's true. I think that unfortunately, we will see an increase in bankruptcies and the need for bankruptcy lawyers if current market trends continue. I have an economist friend in Omaha, NE who is a little worried about things.

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  10. Bankruptcy lawyers experts do help their customers spread their resources over their lenders or by helping them in developing a plan on how they can pay their lenders over a period of time.

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  11. I am trying to find a great bankruptcy attorney to help my brother out. He is going through so really rough times and I hope that I can get him some help. That would really be great and would help him out a lot.
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  12. I agree, bankruptcy attorneys do really well in bad economies. When the economy is really poor, a lot of people and businesses consider filing for bankruptcy. It seems to be a career that's promising in any state during times like these.
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  13. It's sad but this is so true. But bankruptcy lawyers do so much good for people. It's not the worst thing that can happen to you, and it gives you a fresh start. The attorneys are life savers in situations like this.

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  14. When I was younger, I thought there was only one kind of bankruptcy. I went and took some business classes and learned that there are multiple kinds of bankruptcy. I was glad I knew that when a favorite company of mine declared bankruptcy and I figured out they could probably make a come back.
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  16. My mother just went through a bankruptcy. Though it was a really hard time for her, she found great help with a bankruptcy law firm. Logistically, they made things simpler for her. I would recommend seeking professional help during those times, though I hope you don't get there.

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  17. I can definitely see how being a bankruptcy attorney in this day and age would be a successful career. It's sad to see how there are so many people falling bankrupt these days. That's why I'm glad people are investing their time to be there to help people that are facing those situations.
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  18. I can see how being a bankruptcy attorney can be such a lucrative career choice right now. It seems like both small and large businesses have been filing for bankruptcy left and right. Even the large companies can't pull out of it on their own, so I can imagine that they would be willing to pay some big bucks for a really good attorney.
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  21. My brother's just starting law school, and I think I'll share this article with him. Back in the day you could simply become a "general practicing attorney," but not anymore. These days you have to specialize to get ahead. And I think you're right, bankruptcy is a good route to take. | http://www.tchlaw.net

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  22. It is sad how true this is. So many people are struggling financially, and bankruptcy is their reality. All of these people need help from a bankruptcy attorney, so this really would be a great career choice.

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  23. My cousin was talking about her financial issues and I feel really bad for her. Bankruptcy might actually be a good option for her though. Maybe I will suggest to her that she speak with an attorney to just see what her options are. http://www.kmrslaw.com/practice-areas/bankruptcy/chapter-7/

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