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:
Bankruptcy Specialist I Salaries by Percentile
| 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 |
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.
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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Bankruptcy Specialist I | 0-2 years | $45,285 |
| Bankruptcy Specialist II | 2-4 years | $53,201 |
| Bankruptcy Specialist III | 4-7 years | $61,117 |
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Written Communication | 2.65% |
| Legal Documents | 1.04% |
| Microsoft Word | 0.66% |
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.
| Skill | Salary | Salary % Increase |
|---|---|---|
| Leadership | $61,135 | |
| Service Quality | $55,701 | |
| Commitment | $54,795 |
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.
| 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 |
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.
| 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% |
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.
| 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 |
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.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Loan Servicing Supervisor | $63,584 | 40% |
| Escrow Officer | $58,169 | 28% |
| Bankruptcy Specialist II | $53,201 | 17% |
Salaries for a Bankruptcy Specialist I can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $57,812 in 2023 to around $57,220 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Bankruptcy Specialist I salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 | View More |
| 2023 | $57,812 |
| 2024 | $57,524 |
| 2025 | $57,220 |
| 2026 |
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|
| 2027 |
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|
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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.
The highest pay for Bankruptcy Specialist I is $52,082.
The lowest pay for Bankruptcy Specialist I is $38,123.
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.
The Financial Services industry offers the highest average compensation for Bankruptcy Specialist I roles, with salaries approximately 10% above the market median.
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