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Bankruptcy and insolvency law continues to be an ever-evolving segment of the legal spectrum, especially in light of ongoing changes to legislation and the fall-out of the financial and mortgage crisis. As such, it has become even more prudent for attorneys to be highly attuned to the principals and developments associated with bankruptcy law, such that they can properly counsel both creditors and debtors with respect to their legal rights and obligations when a bankruptcy or insolvency arises. In that way, the lawyer is best able to direct and navigate the restructuring of the debtor's financial affairs or represent the creditor's interests to secure the optimal return from a perilous situation. Thus the lawyer should look to ever-strengthen his knowledge and understanding of the laws of bankruptcy.

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