Bankruptcy Attorney

Bankruptcy attorneys help individuals and businesses navigate Chapter 7, Chapter 11, and Chapter 13 bankruptcy proceedings to obtain debt relief or reorganization.

With 400,000+ bankruptcy filings annually and businesses facing financial distress requiring restructuring, attorneys generate revenue of $120,000-$400,000 annually with profit margins of 35-45% through bankruptcy case fees.

The practice requires a law degree, bar admission, and expertise in bankruptcy code and procedures.

Attorneys typically charge $1,500-$3,500 for Chapter 7 consumer cases, $3,000-$8,000 for Chapter 13 cases, and $15,000-$150,000+ for business Chapter 11 reorganizations depending on complexity.

Services include bankruptcy case filing and representation, creditor negotiation, foreclosure defense, debt restructuring, and trustee representation.

Many attorneys specialize in consumer bankruptcy or business bankruptcy/restructuring.

Success factors include strong bankruptcy law knowledge, compassion for clients in financial distress, and ability to navigate complex court procedures.

The practice requires understanding both legal issues and financial analysis.

Consumer bankruptcy attorneys often have high volume practices with streamlined processes, while business bankruptcy attorneys handle fewer, more complex cases.

Marketing focuses on online visibility for consumer work, referrals from financial advisors for business clients, and community education about debt relief options.

With economic uncertainty in 2025 and individuals/businesses needing fresh starts, bankruptcy law offers opportunities for attorneys committed to helping clients resolve overwhelming debt situations.