Tuesday, November 10, 2009

Bankruptcy Jobs are Booming

The secret is out. Bankruptcy jobs are booming. Americans are feeling economic pain. Jobs are being lost, pensions are being cut, credit card bills are mounting, and mortgages are being foreclosed. Who should these American turn to? BANKRUPTCY LAWYERS

Below is an interesting article authored by Debra Weiss of the ABA Journa Law News Now. The article is entitled "Bankruptcy Boutiques are Quietly Booming." I thought you would enjoy it. She writes:

"The declining economy is good news for boutique law firms handling business bankruptcies.

“Bankruptcy boutiques across the country have been quietly booming in this economy as bankruptcies and workouts soar,” according to Portfolio.com. “Unlike large law firms which have been pummeled by the recession, forcing them to fire lawyers and entirely rethink established business practices, these smaller bankruptcy shops say the current economy is actually an opportunity to shine.”

While most large law firms have bankruptcy practices, they are unable to handle some cases because they also represent large financial institutions, creating a conflict of interest, the story says.

Peter Roberts, a partner with 25-lawyer Shaw Gussis Fishman Glantz Wolfson & Towbin in Chicago, told Portfolio his law firm began to seeing more business about six months ago from financially troubled smaller and middle-market businesses. “The banks ... have turned their attention to the smaller loans in their portfolios,” he said.

Harold Murphy, the head of the bankruptcy and financial restructuring practice at 31-lawyer Hanify & King in Boston, said Chapter 11 filings are already up and will probably increase over the next year.

“Bankruptcies are a lagging indicator. They generally peak near the tail end of a recession, rather than leading the recession,” he told Portfolio.com.

The article says other bankruptcy boutiques include Craig & Macauley in Boston and Warner Stevens in Fort Worth, Texas."

Warmest Regards,

Bob Schaller

Your Bankruptcy Advisor Blog
By: Attorney Robert Schaller (Bob's bio) of the Schaller Law Firm
Click for Bankruptcy Lawyer Job Opportunities.

Bob is a member of the National Bankruptcy College Attorney Network, American Bankruptcy Institute and the National Association of Consumer Bankruptcy Attorneys.

I encourage you to SUBSCRIBE to this blog by completing the box to the right of this post so you will automatically receive future blog postings. Next, you can review past and future blogs at any time by clicking the "archive" link in the column to the right of this posting. Plus, you are invited to submit a question by utilizing the "question" box in the column to the right of this posting.

For information about Chapter 7 bankruptcy Click Here

For information about Chapter 13 bankruptcy Click Here

You are invited to contact Attorney Schaller at 630-655-1233 or visit his website at http://www.schallerlawfirm.com/to learn about how the bankruptcy laws can help you.

NOTE: Robert Schaller looks forward to the opportunity to talk with you about your legal issues. But please remember that all information on this blog is for advertising and general informational purposes only. Please read Bob's disclaimer.

I recommend that you review a few other blogs that may be of interest to you. These blogs are identified in the right column and are set forth below: bankruptcy issues blog; bankruptcy and family law issues blog; bankruptcy and employment issues blog; and bankruptcy and student loan issues blog.

No comments:

Post a Comment