What does a Bankruptcy Paralegal do?
Published 4 min read
A bankruptcy paralegal is responsible for assisting attorneys with all aspects of bankruptcy proceedings. This may include researching bankruptcy law, preparing documents, and communicating with clients.
Bankruptcy Paralegal job duties include:
- Prepare bankruptcy petitions and related documents
- Gather information from clients, creditors, and other interested parties
- Analyze financial data and prepare schedules
- File petitions and related documents with bankruptcy court
- Notify creditors of filing and attend 341 meetings
- Handle claims and objections
- Manage case files and perform administrative tasks
- Prepare for and attend hearings
- Negotiate with creditors on behalf of clients
- Perform post-bankruptcy follow-up work
Bankruptcy Paralegal Job Requirements
There are no formal education requirements for bankruptcy paralegals, although most have at least an associate's degree. Certification is not required, but may be helpful in advancing one's career. Experience is also helpful, although many entry-level positions are available for those without experience. Bankruptcy paralegals must have strong research and writing skills, as well as knowledge of bankruptcy law and procedure.
Bankruptcy Paralegal Skills
- Bankruptcy
- Paralegal
- Filing
- Client Communication
- Organization
- Time Management
- Research
- Writing
- Case Management
- Pleadings
- Motions
- Discovery
Related: Top Bankruptcy Paralegal Skills: Definition and Examples
How to become a Bankruptcy Paralegal
A bankruptcy paralegal is a professional who assists attorneys in the preparation of bankruptcy petitions and related documents. Bankruptcy paralegals may also be responsible for researching bankruptcy laws and preparing legal briefs. Most bankruptcy paralegals have at least a bachelor's degree, although some positions may require a paralegal certificate or associate's degree.
If you are interested in becoming a bankruptcy paralegal, you should first consider completing a paralegal studies program at an accredited institution. Many community colleges and four-year universities offer paralegal programs that can be completed in two to four years. During your studies, you will likely take courses in legal research and writing, contracts, civil procedure, and bankruptcy law. Once you have completed your educational requirements, you should consider obtaining certification from the National Association of Legal Assistants (NALA). Although certification is not required for all positions, it may give you a competitive edge when applying for jobs.
When searching for a position as a bankruptcy paralegal, you should look for job postings that list experience with bankruptcy law as a requirement or preference. Many larger law firms hire entry-level paralegals and provide on-the-job training in bankruptcy law and procedure. You may also want to consider working for a smaller firm or solo practitioner that specializes in bankruptcy law. These types of employers may be more likely to hire someone without prior experience in the field.
No matter what type of employer you work for, it is important to stay current on changes in bankruptcy law and procedure. You can do this by reading legal publications, attending Continuing Legal Education (CLE) courses, or joining professional organizations such as the American Bankruptcy Institute or the National Association of Consumer Bankruptcy Attorneys.
Related: Bankruptcy Paralegal Resume Example
Related: Bankruptcy Paralegal Interview Questions (With Example Answers)