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The differences between legal investigators 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 legal investigator and a bankruptcy specialist. Additionally, a legal investigator has an average salary of $72,914, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a legal investigator include investigative reports, litigation and legal investigations. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.
| Legal Investigator | Bankruptcy Specialist | |
| Yearly salary | $72,914 | $35,498 |
| Hourly rate | $35.05 | $17.07 |
| Growth rate | 10% | 10% |
| Number of jobs | 9,582 | 4,381 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
Legal investigators are professionals tasked with providing research, investigative services, and surveillance to the public, insurance companies, financial institutions, law firms, banks, and even local law enforcement agencies. They use methods and tools to uncover facts about financial, personal, and legal matters. This type of investigator must pay attention to analyzing details and evidence, but it will be difficult to know to begin. There is no need for formal education to be a legal investigator, one must take a legal investigator certificate course.
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.
Legal investigators and bankruptcy specialists have different pay scales, as shown below.
| Legal Investigator | Bankruptcy Specialist | |
| Average salary | $72,914 | $35,498 |
| Salary range | Between $45,000 And $117,000 | 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 legal investigator and a bankruptcy specialist in terms of educational background:
| Legal Investigator | Bankruptcy Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 50% |
| Most common major | Criminal Justice | Business |
| Most common college | University of Richmond | Stanford University |
Here are the differences between legal investigators' and bankruptcy specialists' demographics:
| Legal Investigator | Bankruptcy Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 31.0% Female, 69.0% |
| Race ratio | 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% | 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% |