How To Become A Bankruptcy Specialist: What It Is and Career Path

What is a bankruptcy specialist and how to become one

Updated January 8, 2025

4 min read

Bankruptcy is one of the worst things that can happen to an individual or business. Fortunately, there are bankruptcy specialists that can help minimize the negative effects of this disastrous financial situation. In some cases, a bankruptcy specialist can even help people avoid filing for bankruptcy in the first place. But if it is necessary, they guide bankrupted individuals and help them get back on their feet.

The duties of bankruptcy specialist revolve around communicating with their clients, analyzing financial documents, and ensuring that clients follow bankruptcy regulations. They also spend a lot of time reviewing legal documents and educating clients about bankruptcy procedures in court.

A bankruptcy specialist may be a lawyer, a banking professional, or a financial advisor. In any case, a college degree is most likely required for this role. Furthermore, a bankruptcy specialist must be well-versed in the bankruptcy filing, procedures, as well as how to avoid bankruptcy in the first place.

This job may be done alongside the main profession. A bankruptcy specialist can make an additional income of around $33,000 a year by offering bankruptcy services, on average.

ScoreBankruptcy SpecialistUS Average

Salary

2.8

Avg. Salary $35,498

Avg. Salary $59,228

Stability level

10.0

Growth rate 10%

Growth rate 0.3%

Diversity

2.5

Race

American Indian and Alaska Native 0.31%

Asian 6.51%

Black or African American 5.69%

Hispanic or Latino 7.93%

Unknown 4.40%

White 75.17%

Gender

female 69.02%

male 30.98%

Age - 45

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 45

Stress level

10.0

Stress level is very high

7.1 - high

Complexity level

10.0

Complexity level is advanced

7 - challenging

Work life balance

4.9

Work life balance is fair

6.4 - fair

Key steps to become a bankruptcy specialist

Explore bankruptcy specialist education requirements

Most common bankruptcy specialist degrees

Bachelor's

50.0 %

Associate

23.7 %

High School Diploma

12.8 %

Start to develop specific bankruptcy specialist skills

Skills	Percentages
Relief	7.55%
Pacer	6.73%
Foreclosure	5.80%
MSP	4.67%
Bankruptcy Court	4.46%

Complete relevant bankruptcy specialist training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New bankruptcy specialists learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a bankruptcy specialist based on U.S. Bureau of Labor Statistics data and data from real bankruptcy specialist resumes.

Research bankruptcy specialist duties and responsibilities

Achieve award for increasing efficiency by extensively communicating with debtors' attorneys and monitoring trustee activities on a daily basis.
Provide training and support to other analysts regarding negotiation of litigation and contest bankruptcy matters.
Prepare cases for litigation, facilitate appropriate management of attorneys to insure proper representation of bank.
Develop SEO marketing initiatives that range from keyword research to competitive analysis and generate weekly reports analyzing clients' traffic trends

Prepare your bankruptcy specialist resume

When your background is strong enough, you can start writing your bankruptcy specialist resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a bankruptcy specialist resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable bankruptcy specialist resume templates

Build a professional bankruptcy specialist resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your bankruptcy specialist resume.