Bankruptcy lawyers usually make between $113,000 and $115,000 per year, but this salary varies greatly based on experience and LSAT score. The job description for a bankruptcy attorney is demanding and includes working with creditors and other representatives. Bankruptcy attorneys must analyze and examine each charge to make sure that their client’s interests are protected. In addition to reviewing the debtor’s finances and making recommendations, bankruptcy attorneys are responsible for filing bankruptcy petitions and representing their clients before the Judge.
The average bankruptcy lawyer’s salary is $113,000
The median bankruptcy lawyer salary is $113,000, with salaries varying by location and sector of employment. Bankruptcy lawyers are most commonly employed by large banks, credit card companies, the government, and civil society organizations. Private sector employment pays significantly more than government jobs. Due to the economic decline, the demand for bankruptcy lawyers has increased, and the number of graduates in the field has risen. So, what’s the average bankruptcy lawyer’s salary?
Whether you’re planning to file for bankruptcy or not, you’ll likely be earning an average of $113,000 per year. In addition to bankruptcy, other areas of the legal field will pay you well. While most attorneys earn at least $100,000, those who specialize in real estate will earn a slightly lower figure. For example, a real estate attorney can make $80,000 if he or she is primarily involved in purchasing and selling property.
Depends on the LSAT score
Whether you want to become a bankruptcy lawyer depends on your LSAT score and other factors. A high score will increase your chances of admission to law school. However, a low score is not necessarily disqualifying. A law school will evaluate your scores based on the median range for each law school. That range could be anywhere from 25th to 75th percentile. Law schools also publish the results of the LSAT in their “509” report.
Is it emotionally draining to work with a bankruptcy lawyer?
Working with a bankruptcy lawyer can be a very draining process. Not only is it physically and emotionally taxing, but dealing with financial worries is emotionally and physically draining as well. Bankruptcy can free you from your debts and give you a clean slate. This process is not for everyone. To get the best results, work with an experienced bankruptcy lawyer. They will explain the bankruptcy process in detail and help you get started.
When choosing an attorney, do your research to find out their track record and reputation. Most importantly, choose an attorney you feel comfortable with. Interview a few attorneys before making a decision. Just as when choosing a surgeon, consider the personality of each attorney. Consider the personality of each bankruptcy lawyer and their working styles. Make sure to interview their support staff, too. Lastly, you should consider how well they communicate with you and how responsive they are.
