Today s visitor is Scott Gautier, a business
Scott: Thanks, Marc, it s great to be here. There s lots of them.Sometimes.
Scott: Well we re talking about the debtor s.
side of the practice and I think believe s probably a good place location be, Marc. I m Marc Luber and.
https://www.youtube.com/embed/9SFUsME57CY Luber: Hey everyone Marc Luber here. Today
on JD Careers Out There, we re exploring what it s like to be a corporate insolvency
Today s guest is Scott Gautier, a corporate
insolvency attorney in Los Angeles who s a partner at the firm of Peitzman Weg. Scott s.
previously practiced at a few of the top global law companies and he s been acknowledged by Chambers.
USA as one of California s leading personal bankruptcy lawyers and he s been noted as one of Southern.
California s Super Lawyers by Law & & Politics and Los Angeles publications. As you might currently.
understand, here at JDCOT we help you discover and succeed in fulfilling careers using a law degree by.
checking out career paths both in and out of law. Today we re gon na explore the path.
of being a corporate personal bankruptcy legal representative so let s fulfill Scott and start! Scott,.
welcome to JDCOT. Scott: Thanks, Marc, it s excellent to be here. Luber: Definitely, thank you for being here.
And Scott, I m going to have you inform everyone about a typical day and who makes the.
fit for this course, along with how to break in and how to succeed.But very first let s start.
with the essentials: tell us about your practice and what you do as a corporate personal bankruptcy.
lawyer. Scott: Wow! We do a lot – and among the reasons.
I selected corporate insolvency law is due to the fact that in a normal day, especially if we re.
representing a debtor, we get to climb up into someone s service that s in distress.
and really help them out. Individuals seek to us not just for legal responses but they want to.
us to assist them resolve their business problems.They appearance for us to be a psychologist. As.
you may picture, people that have actually a failed company or at the helm of a stopped working business,.
typically feel guilty about the choices and choices they ve made and we assist them move past.
that; we help them feel better about the future, we help empower them to move forward and we.
Clearly, do the legal side of it which is to evaluate their situation and supply.
choices – or at least describe their options so that they can choose the course moving forward. Luber: What are those choices normally? Scott: Wow! There s great deals of them.Sometimes.
the choice is closing down the company and going out, both personally __________ to.
redeploy the properties, to offer the organisation, to chop it up into various pieces. It might.
be the options between suing and settling particular litigation they may be facing. They re.
business choices in every method possible as much as they are legal decisions – and I think.
that s more the case in corporate personal bankruptcy than in a lot of other areas of law. Luber: So for somebody who knows nothing about.
bankruptcy, let s state someone s seeing, maybe they haven t yet gone to law school.
or they re in law school, they haven t yet taken an insolvency class, explain what.
exactly it is that you re truly assisting a company carry out in genuine layman s terms. Scott: Well we re discussing the debtor s.
side of the practice and I think that s most likely a great place to be, Marc. On the.
debtor s side of the practice, you re talking about that organisation, that business.
that is in problem, that can t pay all of its financial obligations as they come due and they re looking.
for the future.So one of the things you have to do is analyze each of their creditor s.
claims. Each financial institution for a corporate service has a different top priority with respect to repayment.
of their commitments. So one of the first things we need to do is we need to analyze.
and investigate the priority of their different lender claims so that we can recommend the.
client in how to work out with the various financial institutions in regards to moving forward. Eventually,.
something s got to offer. You can t get blood out of a turnip, right? You can t.
pay everybody if you don t have adequate money – and if the future earnings of this organisation.
are not going to suffice to pay all of the existing commitments, someone s got to.
give.The personal bankruptcy code responses that question to some level – however insolvency is every bit.
as much a negotiation and producing a business plan and something that works for everyone;.
it s an international settlement between all of your lenders – therefore you ve got to be.
able to examine and comprehend the law as to who has concerns to what possessions and what.
priorities you can set aside and in what ways and for the length of time and how you may restructure.
Due to the fact that you re dealing with the universe, and rearrange those debts.It is fascinating.
of claims versus the service and you re examining every one of their positions, you re.
playing one side against the other, you re playing versus the middle, it s extreme. Luber: Alright, if you re on YouTube, please.
If this was practical, give us the thumbs up! And if you want to see the complete interview.
with Scott, come visit us at JDCOT dot com where you ll discover more about what it s.
like to be a corporate bankruptcy attorney, who makes the ideal suitable for this course, how.
to break in and how to prosper. If you re already at the site, you might just scroll.
down to the complete version of the video. And make certain you join the membership so you get.
access to all the practical videos. Thanks once again for watching everyone. I m Marc Luber and.
I ll see ya quickly. As found on YouTube – Creative Commons License.