How much does a Bankruptcy Specialist I make in the United States? The average Bankruptcy Specialist I salary in the United States is $43,712 as of May 28, 2024, but the range typically falls between $38,267 and $46,221. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Bankruptcy Specialist I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Bankruptcy Specialist I Salary $33,309 US May 28, 2024
25th Percentile Bankruptcy Specialist I Salary $38,267 US May 28, 2024
50th Percentile Bankruptcy Specialist I Salary $43,712 US May 28, 2024
75th Percentile Bankruptcy Specialist I Salary $46,221 US May 28, 2024
90th Percentile Bankruptcy Specialist I Salary $48,506 US May 28, 2024
25% $38,267 10% $33,309 90% $48,506 75% $46,221 $43,712 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%
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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

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.

Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consu... More
Fiscal Year Ended in 2022
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Bankruptcy Specialist I salary varies from city to city. Compared with national average salary of Bankruptcy Specialist I, the highest Bankruptcy Specialist I salary is in San Francisco, CA, where the Bankruptcy Specialist I salary is 25.0% above. The lowest Bankruptcy Specialist I salary is in Miami, FL, where the Bankruptcy Specialist I salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Bankruptcy Specialist I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
38267
46221
43712

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
39298
49674
45694
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Bankruptcy Specialist I in the United States. The base salary for Bankruptcy Specialist I ranges from $38,267 to $46,221 with the average base salary of $43,712. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $39,298 to $49,674 with the average total cash compensation of $45,694.
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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

38267
46221

 

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Skills associated with Bankruptcy Specialist I: Banking Software, Bankruptcy Regulations, Filing Court Documents, Quality Assurance Process ...More

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Bankruptcy Specialist I Salary in United States
Bankruptcy Specialist I Salary Graph, Regional Distribution and Summary