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The differences between claim attorneys and bankruptcy specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a claim attorney and a bankruptcy specialist. Additionally, a claim attorney has an average salary of $82,608, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a claim attorney include litigation, legal advice and litigation strategy. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.
| Claim Attorney | Bankruptcy Specialist | |
| Yearly salary | $82,608 | $35,498 |
| Hourly rate | $39.72 | $17.07 |
| Growth rate | 10% | 10% |
| Number of jobs | 10,583 | 4,381 |
| Job satisfaction | - | - |
| Most common degree | Doctoral Degree, 50% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
Claims attorneys are in-house attorneys of a company who provide legal advice and manage litigation. The attorneys offer direct legal advice to corporate units for legal compliance with state regulations and laws. They provide legal advice, manage complex claims, and draft coverage opinions. It is part of their job to negotiate settlements with insurance companies and with third-party administrators. They appraise and evaluate the claims operation of insurance companies. Also, they represent clients in cases related to civil litigation.
The bankruptcy specialist is responsible for filing and documentation loan bankruptcy materials with the appropriate attorneys. They ensure full compliance with loan bankruptcy regulations and monitor accounts throughout the loan bankruptcy process to contact the appropriate party when necessary. A bankruptcy specialist might be an administrator or lawyer in a bankruptcy office and supports bankruptcy law. They are likely to evaluate state declaration and affidavits for legal progression, interact with customers and outside counsel about bankruptcy proceedings through written and verbal communication, and work with local counsel and upper management in effectively reviewing client's files.
Claim attorneys and bankruptcy specialists have different pay scales, as shown below.
| Claim Attorney | Bankruptcy Specialist | |
| Average salary | $82,608 | $35,498 |
| Salary range | Between $51,000 And $132,000 | Between $27,000 And $46,000 |
| Highest paying City | - | Norfolk, VA |
| Highest paying state | - | California |
| Best paying company | - | The PNC Financial Services Group |
| Best paying industry | - | Finance |
There are a few differences between a claim attorney and a bankruptcy specialist in terms of educational background:
| Claim Attorney | Bankruptcy Specialist | |
| Most common degree | Doctoral Degree, 50% | Bachelor's Degree, 50% |
| Most common major | Law | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between claim attorneys' and bankruptcy specialists' demographics:
| Claim Attorney | Bankruptcy Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 57.9% Female, 42.1% | Male, 31.0% Female, 69.0% |
| Race ratio | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 8.0% Asian, 6.5% White, 75.1% American Indian and Alaska Native, 0.3% | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |