Published Articles by David Balovich
impending problems by the warning signs that are constantly
around us. These can be directly related to what we are doing or
indirectly related. One of these warning signs recently caught
attention while browsing through the classified help wanted ads
particular Sunday morning. Wanted: Prestigious law firm located
with offices in Austin, San Antonio and Washington, DC is seeking
qualified individuals for our bankruptcy section. The following
while browsing through the monthly state bar journal we again
several firms seeking individuals to staff the bankruptcy
We often speak of and encourage our readers to be on the lookout for
Our curiosity tweaked, we placed a call to a former law school professor
to inquire about the sudden recruitment of attorneys for
positions. She told us that bankruptcy lawyers are in relatively
supply due to the economy of the 90's being so strong. Law school
in the past ten years have not perceived bankruptcy law as a hot
and that on average very few attorneys with less then seven years
experience do any bankruptcy law.
However, law firms are gearing up because they believe there will be a
surge of dot.com bankruptcies as investors begin to turn away
start up companies as they continue to report losses rather than
The market is showing that investor money is drying up for dot.com
companies and without the continued investment those companies
Now is the time to reevaluate our receivable portfolios to determine if we
are doing business with these companies or firms that have these
as customers. Are our credit lines justified? Is the balance owed
proportion to the credit line assigned? What is our chance of
a bankruptcy occurs?
These are the reasons for paying attention to warning signs wherever they
may be found. Bad debts do not just happen, they are generally
by outside factors.
I wish you well.
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