As of March 01, 2025, the average annual salary for a Bankruptcy Specialist III in the United States is $60,112. According to Salary.com, salaries can range from a low of $46,582 to a high of $73,069, with most professionals earning between $53,030 and $66,894.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $66,894 | $5,575 | $1,286 | $32 |
| Average | $60,112 | $5,009 | $1,156 | $29 |
| 25th Percentile | $53,030 | $4,419 | $1,020 | $25 |
An entry-level Bankruptcy Specialist III with less than 1 year of experience earns about $56,224. With 1-2 years of experience, the average salary increases to $56,746. For 2-4 years of experience, the pay typically rises to $58,626. Senior-level professionals with 5-8 years of experience earn around $61,855, and those with over 8 years of experience can expect an average of $63,154.
| Levels | Salary |
|---|---|
| Entry Level Bankruptcy Specialist III | $56,224 |
| Intermediate Level Bankruptcy Specialist III | $56,746 |
| Senior Level Bankruptcy Specialist III | $58,626 |
| Specialist Level Bankruptcy Specialist III | $61,855 |
| Expert Level Bankruptcy Specialist III | $63,154 |
| Entry Level | 6% |
| Mid Level | 6% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 5% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Bankruptcy Specialist III compensation over the past six years. For example, the median salary increased from $90,616 in 2023 to approximately $89,898 in 2024. (For a detailed analysis of Bankruptcy Specialist III salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Bankruptcy Specialist III information for you to search for. Click on search button below to see Bankruptcy Specialist III job openings or enter a new job title here.
Here are companies hiring for Bankruptcy Specialist III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $60,112 | 67.2% | ||
| Bonus | $1,564 | 1.7% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,718 | 5.3% | ||
| 401K/403B | $2,590 | 2.9% | ||
| Disability | $1,234 | 1.4% | ||
| Healthcare | $8,352 | 9.3% | ||
| Pension | $3,331 | 3.7% | ||
| Time Off | $7,591 | 8.5% | ||
| Total Compensation | $89,492 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 54.5% |
| Associates | 27.3% |
| Bachelors | 9.1% |
| Masters | 9.1% |
What Am I Worth?
The average annual salary of Bankruptcy Specialist III is $60,112. In case you are finding an easy salary calculator, the average hourly pay of Bankruptcy Specialist III is $29; the average weekly pay of Bankruptcy Specialist III is $1,156; the average monthly pay of Bankruptcy Specialist III is $5,009.
A Bankruptcy Specialist III'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 III earns the most in San Jose, CA, where the annual salary of a Bankruptcy Specialist III is $75,441.
The highest pay for Bankruptcy Specialist III is $73,069.
The lowest pay for Bankruptcy Specialist III is $46,582.
Bankruptcy Specialist III is responsible for the documentation and filing of loan bankruptcy materials. Responds to calls, concerns, and correspondence for bankrupt loan accounts. Being a Bankruptcy Specialist III monitors accounts throughout the loan bankruptcy process and contacts the appropriate party when necessary. Ensures full compliance with loan bankruptcy regulations, and verifies the bankruptcy is secured. Additionally, Bankruptcy Specialist III distributes account balances and interest rates to the secured and unsecured balances. Stays up to date with bankruptcy laws and regulations. May require a bachelor's degree. Typically reports to a manager. The Bankruptcy Specialist III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Bankruptcy Specialist III typically requires 4-7 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Written Communication: Communicating information through written media to educate, inform and influence the target audience.
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
Claim Reviews: A claims review is the process in which the underwriter reviews a claim to assure that it meets a set of standards.
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.
