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Bankruptcy Specialist I Salary in the United States

How much does a Bankruptcy Specialist I make in the United States?

As of August 01, 2026, the average salary for a Bankruptcy Specialist I in the United States is $45,285 per year, which breaks down to an hourly rate of $22.

However, a Bankruptcy Specialist I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $52,082
  • Majority Range (25th-75th percentile): $41,536 to $48,843
  • Entry-Level (10th percentile): $38,123

Key Factors That Influence Bankruptcy Specialist I Salaries

A Bankruptcy Specialist I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Bankruptcy Specialist I Salaries?

Experience is a primary driver of a Bankruptcy Specialist I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Bankruptcy Specialist I (0-2 years): $45,285
  • Bankruptcy Specialist II (2-4 years): $53,201
  • Bankruptcy Specialist III (4-7 years): $61,117
Job Role Years of Experience Average Salary
Bankruptcy Specialist I0-2 years$45,285
Bankruptcy Specialist II2-4 years$53,201
Bankruptcy Specialist III4-7 years$61,117

Top Paying Cities for Bankruptcy Specialist I

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $57,118
  • San Francisco: $56,493
  • Oakland: $55,302

What Skills Can Increase a Bankruptcy Specialist I's Salary?

Demanded Skills for the Role:

  • Written Communication (Mentioned in 2.65% Job Postings): Communicating information through written media to educate, inform and influence the target audience.
  • Legal Documents (Mentioned in 1.04% Job Postings): Legal document means any document affecting the legal rights of any person including, but not limited to, any deed, mortgage, will, trust instrument, contract or any document filed in any court, quasi-judicial or administrative tribunal.
  • Microsoft Word (Mentioned in 0.66% Job Postings): Microsoft Word or MS Word is a popular word-processing program used mainly for creating documents, such as brochures, letters, learning activities, quizzes, tests, and students' homework assignments
Skills Demand Percentage
Written Communication 2.65%
Legal Documents 1.04%
Microsoft Word 0.66%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Bankruptcy Specialist I's salary.

  • Leadership: Can increase your salary by up to 35%.
  • Service Quality: Can increase your salary by up to 23%.
  • Commitment: Can increase your salary by up to 21%.
Skill Salary Salary % Increase
Leadership $61,135
35%
Service Quality $55,701
23%
Commitment $54,795
21%

Bankruptcy Specialist I Salary by Company Size: Startups vs. Enterprise

Bankruptcy Specialist I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $49,004. While startup companies pay approximate $41,487.

Bankruptcy Specialist I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $41,487
Growth Stage 51~500 $43,875
Established 501~5000 $47,331
Enterprise 5000+ $49,004

Bankruptcy Specialist I Salary by Industry: Top Paying Sectors

For Bankruptcy Specialist I roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 10% above the average. Conversely, Bankruptcy Specialist positions in Business Services typically offer lower base pay, as this sector often view Bankruptcy Specialist I as a support function rather than a direct revenue driver.

The top paying industry for a Bankruptcy Specialist I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$49,814$24.010%

How Education impacts an Bankruptcy Specialist I's Salary?

Your level of education can impact your salary potential. While many Bankruptcy Specialist I enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Bankruptcy Specialist I with a Bachelor's Degree is between $43,951 and $46,828.

Bankruptcy Specialist I Salaries by Degree Level

Typical Education for Bankruptcy Specialist I
Degree Level % of user with this level of education
No Diploma 25.0%
High School 37.5%
Associates 25.0%
Bachelors 25.0%
Masters 12.5%
Doctorate 0.0%

Bankruptcy Specialist I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Bankruptcy Specialist I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026
$41,536
Average $45,285/year
$48,843
$3,461
Average $3,774/month
$4,070
$799
Average $871/week
$939
$20
Average $22/hour
$23
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $48,843 $4,070 $939 $23
Average $45,285 $3,774 $871 $22
25th Percentile $41,536 $3,461 $799 $20

Bankruptcy Specialist I Salary Growth & Career Path

Promotions are the fastest way to increase your earnings. As a Bankruptcy Specialist I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Bankruptcy Specialist I Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Loan Servicing Supervisor $63,584 40%
Escrow Officer $58,169 28%
Bankruptcy Specialist II $53,201 17%

Most common benefits for Bankruptcy Specialist I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Bankruptcy Specialist I

Here are companies hiring for Bankruptcy Specialist I and their salaries, click below for more details.

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FAQ about Bankruptcy Specialist I

1. Where can a Bankruptcy Specialist I earn the most?

A Bankruptcy Specialist I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Bankruptcy Specialist I earns the most in San Jose, CA, where the annual salary of a Bankruptcy Specialist I is $57,118.

2. What is the highest pay for Bankruptcy Specialist I?

The highest pay for Bankruptcy Specialist I is $52,082.

3. What is the lowest pay for Bankruptcy Specialist I?

The lowest pay for Bankruptcy Specialist I is $38,123.

4. What are the responsibilities of Bankruptcy Specialist I?

Responsible for the documentation and filing of loan bankruptcy materials. Processes bankruptcy accounts to ensure compliance with court orders, regulatory requirements, and internal bank policies. Reviews bankruptcy filings, petitions, and legal notices to determine appropriate account actions and system updates. Communicates with debtors, attorneys, and internal departments to obtain required documentation and resolve account-related issues. Monitors bankruptcy cases, payment plans, and discharge notifications to ensure accurate account status and timely adjustments. Remains knowledgeable on current bankruptcy regulations and maintains detailed records to support audits and legal inquiries. Supports loss mitigation and recovery strategies by ensuring proper handling of affected loans and accounts. May require a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.

5. What industry pays the highest salary for Bankruptcy Specialist I?

The Financial Services industry offers the highest average compensation for Bankruptcy Specialist I roles, with salaries approximately 10% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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