So, when you entered into the bankruptcy field, you never thought you would be considered a superhero. Yet every day you wake up and dedicate your day to helping those who are struggling financially. You are their last hope. They come to you feeling like a financial mess, and leave feeling revitalized and full of hope.
It must be the work of Superman.
The ‘man of steel’ himself was first published in 1938, and since then has received acclaim for becoming the world’s greatest hero, dedicated to “truth, justice and the American way”. Very much like a bankruptcy attorney. Did you know, last month alone there were 91,234 bankruptcy filings throughout the United States? In January and February of this year, there were 68,153 and 72,193, respectively. So in the first quarter of 2014 alone, 231,580 financial lives were metaphorically ‘saved’ by bankruptcy attorneys – most definitely more, as these figures take into account joint filings, not to mention the dependents of the filers. Based on these figures, it would indicate that close to one million peoplewill file for bankruptcy this year. Close to one million peopleare envisioning a brighter financial future, with the help of their bankruptcy attorneys.
It definitely is the work of Superman.
And Superman saves businesses, too. These filings were on the decrease in 2013, dropping 24%. The extensive list of store closings, downsizing and bankruptcy for 2014 has been released online, indicating a change in trend. The increase in mobile and Internet shopping means less physical space is needed; so many corporations are reducing their number of shop fronts and focusing more on an online brand presence. When businesses go through the complex procedure of filing for a Chapter 7 or Chapter 13 bankruptcy, the number of assets, debtors and creditors to consider can be overwhelming, in addition to ensuring no mistakes are made, which delays and may even jeopardize the filing entirely. This deems a bankruptcy lawyer indispensable for most filers.
“What makes Superman a hero is not that he has the power, but that he has the wisdom and the maturity to use the power wisely” – Christopher Reeve
As a bankruptcy lawyer, you wear many hats. When people file, most likely they are not familiar with the bankruptcy process. You are an expert, a professor in your field. You ‘majored’ in bankruptcy. In handling every phase of the bankruptcy process, and educating your client on the specifics, you are helping to ensure they do not repeat the same financial mistakes they made to file in the first place. That is a monumental responsibility, which changes the course of someone’s entire life.
Hundreds of thousands of people are grateful for what bankruptcy lawyers do each and every day. So keep waking up, putting on that Superman costume, and save the world. And, of course, refer your clients to Affordable Bankruptcy Courses so they can complete the required Credit Counseling to kick-start their bankruptcy process. A shameless plug, but a Superhero deserves a Super Affordable, Super Course Provider. Think Affordable.