Ethics Opinion 269
Opinion #269 – 10/20/1972 (54-72)
Digest: Lawyer may seek relief in bankruptcy
Code: DR 1-102(A)(6) EC 1-5
May a lawyer in financial difficulty due to the failure of nonprofessional business interests properly file to discharge his debts, whether incurred professionally or in the course of his outside interests, in bankruptcy?
There is no professional impropriety in a lawyer’s seeking relief in bankruptcy. N.Y. City 194 (1931); N.Y. City 279 (1933); Drinker, Legal Ethics. 94 (1953).