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Bankruptcy specialist skills for your resume and career

Updated January 8, 2025
2 min read
Bankruptcy specialist example skills
Below we've compiled a list of the most critical bankruptcy specialist skills. We ranked the top skills for bankruptcy specialists based on the percentage of resumes they appeared on. For example, 7.6% of bankruptcy specialist resumes contained relief as a skill. Continue reading to find out what skills a bankruptcy specialist needs to be successful in the workplace.

15 bankruptcy specialist skills for your resume and career

1. Relief

Relief, also known as relevo is a sculptural artwork technique in which the image or figure remains attached to a solid background surface -- usually, a wall on which it was carved and projects in 3D from the supporting background surface.

Here's how bankruptcy specialists use relief:
  • Conduct thorough examinations of Broker Price Opinions/Appraisals and provide equity analysis that support recommendations for motion for relief referrals.
  • Attained signing authority training certificate to sign motions for relief upon filing complex transactions.

2. Pacer

Here's how bankruptcy specialists use pacer:
  • Processed and verified documentation for bankruptcy attorneys representing the customer with attorneys, and Pacer to verify Bankruptcy.
  • Cross-referenced with Nationwide PACER system to verify if member listed on notification has filed bankruptcy.

3. Foreclosure

Foreclosure is a term that refers to the legal process used by mortgage holders to take over mortgage real estate from borrowers who are unable to pay their mortgages. Foreclosure allows the lenders to collect the amount owed on the defaulted loan by taking possession of the asset which is used as collateral for the loan or by forcing it to sell.

Here's how bankruptcy specialists use foreclosure:
  • Manage exception reports on Foreclosure and Bankruptcy loans and partners with internal and external business partners to resolve timely and accurately.
  • Worked with internal audit and external consultant group to compose, analyze and maintain analysis of foreclosure expense activity.

4. MSP

Here's how bankruptcy specialists use msp:
  • Make adjustments to suspense buckets in MSP based on funds sent in from the trustee and the borrower.
  • Reviewed Bankruptcy Setups, Proof of Claims, and Reviewed Payment Change Notices in ALS and MSP.

5. Bankruptcy Court

Here's how bankruptcy specialists use bankruptcy court:
  • Anticipated bankruptcy court rulings using local experience, effectively improving company's legal costs.
  • Analyzed loan accounts and bankruptcy court documents Skip-tracing for collateral repossession.

6. Debtor

Here's how bankruptcy specialists use debtor:
  • Assist in-bound calling debtors in bringing voluntary payments current, voluntary repossessions and negotiation settlement of loan.
  • Performed as a compliance facilitator for the collection departments by monitoring conflict resolution between collectors and debtors.

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7. Litigation

Here's how bankruptcy specialists use litigation:
  • Monitored and provided attorney offices with all information needed to represent Fleet Mortgage in bankruptcy or litigation.
  • Prepared cases for litigation, facilitated appropriate management of attorneys to insure proper representation of bank.

8. Bankruptcy Code

Here's how bankruptcy specialists use bankruptcy code:
  • Accomplished a high level account analysis based on Bankruptcy code and general collection requirements.
  • Managed high-level account analysis using the Bankruptcy Code and college law requirements.

9. Loss Mitigation

Here's how bankruptcy specialists use loss mitigation:
  • Negotiated suitable loss mitigation alternatives arrangements with increasingly delinquent mortgage customers in full compliance with all state and federal laws.
  • Communicated with bankruptcy attorneys on all matters relating to loss mitigation efforts and other escalated issues.

10. Payment Histories

Here's how bankruptcy specialists use payment histories:
  • Possess knowledge of payment histories and auditing of pertinent financial information.
  • Created payment histories for all accounts reviewed and implemented payment reconciliations.

11. Bankruptcy Accounts

Here's how bankruptcy specialists use bankruptcy accounts:
  • Monitored reaffirmation queue for proper placement of bankruptcy accounts and reviewed for possible repossession of customers' collateral.
  • Trained the Collection Department representatives on legal issues related to bankruptcy accounts and compliance with company procedures.

12. MFR

Here's how bankruptcy specialists use mfr:
  • Handle response back from attorney's on any necessary needs such as review of affidavits and receipt of MFR's granted.
  • Prepared reports for management detailing status of MFR's, POC's and legal status of bankruptcies.

13. Inbound Calls

Here's how bankruptcy specialists use inbound calls:
  • Take inbound calls from multiple customers to determine reason for delinquency, evaluate customers' financial situations and ability to repay.
  • Receive inbound calls from Chapter 13 & 7 Trustees, and debtors regarding bankruptcy creditor proofs of claim.

14. Strong Negotiation

Here's how bankruptcy specialists use strong negotiation:
  • Managed calls and correspondence from customers; having strong negotiation skills.

15. POC

A Proof of Concept (POC), also called Proof of Principle is the confirmation or evidence related to a design concept of sales engineering. It confirms that the concept is viable and will be successful on application.

Here's how bankruptcy specialists use poc:
  • Collected, compiled and analyzed arrears information and loan documents to ensure accuracy before completing the POC and Plan Review.
  • Process (POC) claims and draft Reaffirmation Agreements in order to meet specific deadlines listed within the bankruptcy petition.
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List of bankruptcy specialist skills to add to your resume

Bankruptcy specialist skills

The most important skills for a bankruptcy specialist resume and required skills for a bankruptcy specialist to have include:

  • Relief
  • Pacer
  • Foreclosure
  • MSP
  • Bankruptcy Court
  • Debtor
  • Litigation
  • Bankruptcy Code
  • Loss Mitigation
  • Payment Histories
  • Bankruptcy Accounts
  • MFR
  • Inbound Calls
  • Strong Negotiation
  • POC
  • Bankruptcy Cases
  • Bankruptcy Process
  • Outbound Calls
  • Bankruptcy Laws
  • Reaffirmation Agreements
  • Affidavits
  • Local Counsel
  • Bankruptcy Proceedings
  • Investor Guidelines
  • Escrow Analysis
  • LPS
  • BK
  • Non-Performing Loans
  • New Filings
  • NDC
  • Bankruptcy Filings
  • Loan Modifications
  • Mortgage Loans
  • Court Dockets
  • Legal Action
  • Legal Risks
  • Payment Arrangements
  • AS400
  • Customer Inquiries
  • Delinquent Accounts
  • FHA
  • FNMA
  • Customer Accounts
  • SharePoint
  • Bankruptcy Attorneys
  • Probate
  • Queue Management
  • Mortgage Accounts

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.