The current high inflation and poor economic growth mean many individuals and companies cannot keep up with their debts. The next course of action for such people and businesses, both large and small, is to declare bankruptcy, hence why the demand for bankruptcy lawyers is high. How can someone become a bankruptcy lawyer?
According to the video, the first step a law student should take to become a bankruptcy lawyer is to join the NACBA (National Association of Consumer Bankruptcy Attorneys). This body helps protect the rights of people when filing for bankruptcy protection.
The next step is reading the bankruptcy code; most students do one unit on bankruptcy in law school hence why they must study the entire bankruptcy code.
The third step is to understand the local rules followed by the courts.
The fourth step is reading the National Consumer Law Center (NCLC) series of books. This is vital because these books contain up-to-date requirements and rules regarding bankruptcy law.
The fifth step is looking for employment in a law firm. People can also start their private law practices, albeit finding clients will be difficult in the first couple of months.