How much does a Bankruptcy Specialist I make in Massachusetts? The average Bankruptcy Specialist I salary in Massachusetts is $47,448 as of April 24, 2024, but the range typically falls between $41,539 and $50,172. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Bankruptcy Specialist I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Bankruptcy Specialist I Salary $36,159 MA April 24, 2024
25th Percentile Bankruptcy Specialist I Salary $41,539 MA April 24, 2024
50th Percentile Bankruptcy Specialist I Salary $47,448 MA April 24, 2024
75th Percentile Bankruptcy Specialist I Salary $50,172 MA April 24, 2024
90th Percentile Bankruptcy Specialist I Salary $52,651 MA April 24, 2024
25% $41,539 10% $36,159 90% $52,651 75% $50,172 $47,448 50%(Median) Didn’t find job title? Click
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What skills does a Bankruptcy Specialist I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Written Communication: Communicating information through written media to educate, inform and influence the target audience.

2.

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

Benefits Programs: Benefits programs vary greatly, but typically they include medical insurance, life and disability insurance, retirement income plan benefits, paid-time-off benefits, and educational assistance programs.

Written Communication 2.58%
Life Insurance 1.38%
Benefits Programs 0.65%
Others 95.39%

Job Description for Bankruptcy Specialist I

Bankruptcy Specialist I is responsible for the documentation and filing of loan bankruptcy materials with the appropriate attorneys. Ensures full compliance with loan bankruptcy regulations. Being a Bankruptcy Specialist I monitors accounts throughout the loan bankruptcy process and contacts appropriate party when necessary. Verifies the bankruptcy is secured and acquires a copy of the proposed Chapter 13 Plan on all secured accounts. Additionally, Bankruptcy Specialist I captures Chapter 7 reaffirmation agreements to management for approval. Distributes account balances and interest rates to the secured and unsecured balances. Stays current with changing state specific bankruptcy laws. Typically requires a bachelor's degree or its equivalent. Typically reports to a supervisor. The Bankruptcy Specialist I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Bankruptcy Specialist I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Bankruptcy Specialist I in Massachusetts
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Select a city to view specific salary and bonus information for Bankruptcy Specialist I

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Location Avg. Salary Date Updated
Location Attleboro, MA Avg. Salary $45,747 Date Updated April 24, 2024
Location Barnstable, MA Avg. Salary $46,227 Date Updated April 24, 2024
Location Fitchburg, MA Avg. Salary $46,488 Date Updated April 24, 2024
Location Hyannis, MA Avg. Salary $46,052 Date Updated April 24, 2024
Location Leominster, MA Avg. Salary $45,921 Date Updated April 24, 2024
Location Malden, MA Avg. Salary $48,887 Date Updated April 24, 2024
Location Methuen, MA Avg. Salary $46,576 Date Updated April 24, 2024
Location Newton, MA Avg. Salary $48,887 Date Updated April 24, 2024
Location Revere, MA Avg. Salary $48,887 Date Updated April 24, 2024
Location Weymouth, MA Avg. Salary $47,622 Date Updated April 24, 2024

Career Path for Bankruptcy Specialist I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Bankruptcy Specialist I, the upper level is Bankruptcy Specialist II and then progresses to Bankruptcy Specialist III.

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Bankruptcy Specialist I Salary in Massachusetts
Bankruptcy Specialist I Salary Graph, Regional Distribution and Summary