Description
Analyse the bankruptcy case in order to guide guide and advise clients on the formalities, procedures and the actions that can ameliorate the losses.
Alternative labels
advising on bankruptcy proceedings
advise on proceedings on bankruptcy
counsel on bankruptcy proceedings
give recommendations on bankruptcy proceedings
advise on bankruptcy proceeding
offer suggestions on bankruptcy proceedings
Skill type
skill/competence
Skill reusability level
cross-sector
Relationships with occupations
Essential skill
Advise on bankruptcy proceedings is an essential skill of the following occupations:
Bankruptcy trustee: Bankruptcy trustees administer a client’s bankruptcy case, investigate legal documentation for fraud possibilities and manage the money received from the sale of non-exempt property so as to distribute it to the owed creditors.
Optional skill
Advise on bankruptcy proceedings is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
Accounting manager: Accounting managers assume responsibility for all accounting activities relating to financial reporting. They develop and maintain accounting principles and procedures to ensure timely and accurate financial statements issued, supervise accounting staff and manage the accounting activities within the appropriate time frame and budget.
Financial manager: Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
Business valuer: Business valuers provide valuation assessements of business entities, stock and other securities and intangible assets, in order to assist their clients in strategic decision-making procedures such as mergers and acquisitions, litigation cases, bankruptcy, taxation compliance and general restructuring of the companies.
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