I just got a GREAT job offer from a company in Chap 11 Bancruptcy-Should I take it?

A Fortune 100 company based here in Toledo is in trouble. I just got 2 job offers from them without one department knowing about the other's offer. I'm a paralegal & studying 4 the bar. BA in Bus Admin/minor PolSci. The company's legal dept needs me to work on cases that are on hold while they're in bancrupcy. Briefs, strategies, research, interrogatories and the like. They plan to emerge from bancruptcy in 18 months. The offer a handsome salary and benefits package. But there is no room for growth and I think they will disolve alot of jobs when they come out of Chap 11. Assistant General Counsel. Now their purchasing department offered me a position working as a data analyst. The position I've been offered can grow into a more responsible and visible role after they emerge. Commodities Management and the legal aspects of acquisitions etc. Salary still great. Is there a greater risk given their status? Which job should I take? Should I keep looking elsewhere in the meantime? Good ? Jack. Initially, I pursued the JD (Doctorate of Jurisprudence for those who aren't sure) to practice tort law for the the individuals against whom the suit is filed. I can get that experience here. But I'm starting realize more and more that a law degree opens doors for many other opportunities as well. I'm not locked in a box so to speak. I'm sure D-Corp can give me that experience and will look excellent on the resume. If they do go under, at least I'll have the history and the JD to present.

Asked By: HRH PrincessFreestarr - 7/31/2006
Best Answer - Chosen by Asker
well, you want to be a lawyer, so to me it looks like you have 2 good job offers that will give you some experience while you get ready to pass the BAR exam. The question you have to ask yourself is, what do you want to do with your JD. If you want to practice as a lawyer, then I would get the experience working on... More
Answered By: Jack Mehoff - 7/31/2006
Additional Answers (5)
Keep your options open but I'd mention to the company you work for now that you have been offered a better position with more growth. If they can't match it, they would have to expect you to take it. You can always keep your eyes open to better things. You have to.
Answered By: Silly chick - 7/31/2006
For the job experience...yeah I would probably do it. It looks good on the can always claim to the next employer you didn't'll get a good job reference...and you'll be able to collect unemloyeement when the company goes under or is bought out.
Answered By: Chic - 7/31/2006
Of course signing on with a company in chap. 11 is risky. I would reccommend the position as legal counsel in matters dealing w/ chapter 11 as your position is less likely to be terminated after they come out of insolvency.
Answered By: mmenaquale - 7/31/2006
gt a job that you know how to do
Answered By: snoopylikesbugs - 7/31/2006
go for it.
Answered By: hogie6729 - 7/31/2006
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