There is “plenty of room in the bankruptcy discipline for new practitioners,” says Robert Reilly (Willamette Management Associates), who co-presented a session at the recent AICPA FVS Conference with Josh Shilts (Shilts CPA). There are a few caveats, however, such as having the specialized knowledge and experience so you don’t look like an outsider, which clients can spot immediately (a good resource is A Practical Guide to Bankruptcy Valuation, 2nd edition, that Reilly co-wrote with Dr. Israel Shaked). Also, there’s an important choice to make at the outset in terms of deciding who your client should be. A number of parties in a bankruptcy matter are prospective clients, but the choice is not so simple. The upcoming January issue of Business Valuation Update covers the Reilly-Shilts conference session in greater detail.