1. Stanford University
Stanford, CA • Private
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.
There are certain skills that many bankruptcy specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, problem-solving skills and research skills.
If you're interested in becoming a bankruptcy specialist, one of the first things to consider is how much education you need. We've determined that 50.0% of bankruptcy specialists have a bachelor's degree. In terms of higher education levels, we found that 4.8% of bankruptcy specialists have master's degrees. Even though most bankruptcy specialists have a college degree, it's possible to become one with only a high school degree or GED.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of analyst you might progress to a role such as consultant eventually. Later on in your career, you could end up with the title service manager.
What Am I Worth?
The role of a bankruptcy specialist includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general bankruptcy specialist responsibilities:
There are several types of bankruptcy specialist, including:
Let's rip the Band-Aid off, shall we? As a legal extern, you're probably not going to get paid. But what you take away from these opportunities may prove more useful in the longterm. What you'll take away from a legal externship will be experience and academic credit. Which really is priceless, if you ask us.
You'll have experience right off the bat within a legal setting. This definitely will give you an edge against your other colleagues. A legal extern is very similar to an internship, but is usually much shorter. So while you're getting the experience, you don't have to commit to it for as long.
Since being a legal extern won't last very long, it's a good way to see if you even want to work in the legal industry. It'll give you a glimpse into everything you will be doing, like conducting client interviews, making a court appearance, and even some legal research and writing. Just think of it as a very in-depth glimpse into "a day in the life" of a legal profession.
An attorney's job is to be there for people who are down on their luck, legally, of course. They provide legal advice to individuals, businesses and even government agencies (yes, the government can get into trouble too).
While a degree in law may not sound too bad, this profession also requires that you pass the bar exam. Which, if you haven't heard of before, it's pretty difficult to pass. If you're willing to put in the study hours, though, the average attorney makes $122,960 a year. So that's definitely a plus.
Whether you're a recent law graduate or a seasoned professional with years of experience, becoming a contract attorney might be the best way to generate money using your legal skills. Working as a contract attorney may help secure your dream position, or it may help you make a steady income while you search for that dream job. Not only will you learn valuable skills, but you can also build a valuable network of professional contacts.
In general, a contract attorney works on legal cases on an as-needed or temporary basis. Contracts can be for a few days, a few weeks, or even a few years. Generally, a contract lawyer's core responsibility is drawing up and reviewing legal contracts and documents. They may also perform contract research, prepare case strategies, offer legal advisory services to clients, and support the litigation team.
This position requires a bachelor's degree, a Juris Doctor (J.D.), a law degree, and a Bar certification. Contract lawyers must possess excellent research and multitasking skills, be detail-oriented, and have an ability to adapt to new situations regularly. They may work for an agency, serve as a part of an in-house legal department, or work for a law firm.
Mouse over a state to see the number of active bankruptcy specialist jobs in each state. The darker areas on the map show where bankruptcy specialists earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
High School Diploma
Stanford, CA • Private
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
Villanova, PA • Private
Boston, MA • Private
New York, NY • Private
Minneapolis, MN • Private
Cambridge, MA • Private
Durham, NC • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 7.6% of bankruptcy specialists listed relief on their resume, but soft skills such as interpersonal skills and problem-solving skills are important as well.
Zippia allows you to choose from different easy-to-use Bankruptcy Specialist templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Bankruptcy Specialist resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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3. Effective Legal Office Administration
Effective Legal Office Administration...
Some places are better than others when it comes to starting a career as a bankruptcy specialist. The best states for people in this position are California, Virginia, New York, and North Dakota. Bankruptcy specialists make the most in California with an average salary of $40,475. Whereas in Virginia and New York, they would average $37,503 and $37,069, respectively. While bankruptcy specialists would only make an average of $36,906 in North Dakota, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. North Dakota
3. District of Columbia
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|4||JPMorgan Chase & Co.||$81,956||$39.40||135|
|6||Bank of America||$44,894||$21.58||350|