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Bankruptcy specialist salary
Average bankruptcy specialist salary
$35,498
Understanding Bankruptcy Specialist Salaries
As of October 2025, the average salary for a Bankruptcy Specialist stands at $35,498 annually. This figure reflects various factors, including experience, geographic location, and the specific industry. For instance, those with more years in the field typically earn higher salaries, while specialists in metropolitan areas often command premium pay due to the higher cost of living.
Bankruptcy Specialists are essential in navigating the complexities of insolvency laws and assisting clients through difficult financial decisions. States like California and New York tend to offer the highest salaries for these professionals, with cities such as Los Angeles and New York City also leading in compensation.
For those considering a career in this field, it is beneficial to explore the various industries hiring Bankruptcy Specialists. Job opportunities exist in law firms, financial institutions, and corporate entities. Engaging with professional networks and seeking certification can further enhance earning potential and career advancement.
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Where can a Bankruptcy Specialist earn more?
Bankruptcy specialist salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level bankruptcy specialist | $20,600 | $9.90 |
| Mid-level bankruptcy specialist | $24,900 | $11.95 |
| Senior-level bankruptcy specialist | $52,100 | $25.07 |
Average bankruptcy specialist salary by state
The average bankruptcy specialist salary in California, Virginia, and New York are the highest in the U.S. The lowest average bankruptcy specialist salary states are Indiana, Kansas, and Idaho.
- State view
- County view
Highest paying states for bankruptcy specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | North Dakota | $36,906 | $17.74 |
| 2 | Vermont | $33,956 | $16.32 |
| 3 | District of Columbia | $41,766 | $20.08 |
| 4 | New Mexico | $34,703 | $16.68 |
| 5 | Colorado | $35,821 | $17.22 |
| 6 | Mississippi | $35,928 | $17.27 |
| 7 | New Hampshire | $32,971 | $15.85 |
| 8 | New York | $37,069 | $17.82 |
| 9 | Maine | $32,235 | $15.50 |
| 10 | Rhode Island | $32,319 | $15.54 |
| 11 | California | $40,475 | $19.46 |
| 12 | New Jersey | $36,782 | $17.68 |
| 13 | Virginia | $37,503 | $18.03 |
| 14 | Utah | $30,930 | $14.87 |
| 15 | Nevada | $31,292 | $15.04 |
| 16 | Arizona | $31,807 | $15.29 |
| 17 | Pennsylvania | $32,733 | $15.74 |
| 18 | Iowa | $29,740 | $14.30 |
| 19 | Georgia | $31,235 | $15.02 |
| 20 | Alaska | $29,891 | $14.37 |
| 21 | Michigan | $28,991 | $13.94 |
| 22 | Massachusetts | $32,232 | $15.50 |
| 23 | Texas | $31,148 | $14.97 |
| 24 | Connecticut | $31,080 | $14.94 |
| 25 | North Carolina | $29,722 | $14.29 |
| 26 | Florida | $30,248 | $14.54 |
| 27 | Hawaii | $29,456 | $14.16 |
| 28 | Tennessee | $27,643 | $13.29 |
| 29 | Delaware | $27,433 | $13.19 |
| 30 | Illinois | $31,045 | $14.93 |
| 31 | Minnesota | $28,919 | $13.90 |
| 32 | Washington | $31,240 | $15.02 |
| 33 | South Dakota | $25,878 | $12.44 |
| 34 | Kentucky | $28,263 | $13.59 |
| 35 | Maryland | $29,115 | $14.00 |
| 36 | Alabama | $27,889 | $13.41 |
| 37 | West Virginia | $26,499 | $12.74 |
| 38 | Oklahoma | $25,417 | $12.22 |
| 39 | Nebraska | $25,376 | $12.20 |
| 40 | Louisiana | $27,410 | $13.18 |
| 41 | Wyoming | $20,570 | $9.89 |
| 42 | Oregon | $27,313 | $13.13 |
| 43 | Kansas | $23,436 | $11.27 |
| 44 | Idaho | $21,465 | $10.32 |
| 45 | South Carolina | $24,845 | $11.94 |
| 46 | Arkansas | $21,134 | $10.16 |
| 47 | Ohio | $25,062 | $12.05 |
| 48 | Wisconsin | $25,365 | $12.19 |
| 49 | Missouri | $24,843 | $11.94 |
| 50 | Montana | $18,310 | $8.80 |
| 51 | Indiana | $23,813 | $11.45 |
Highest paying cities for bankruptcy specialists
The highest-paying cities for bankruptcy specialists are Norfolk, VA, Phoenix, AZ, and Atlanta, GA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Norfolk, VA | $37,311 | $17.94 |
| 2 | Phoenix, AZ | $31,795 | $15.29 |
| 3 | Atlanta, GA | $31,187 | $14.99 |
| 4 | Salt Lake City, UT | $30,752 | $14.78 |
| 5 | Dallas, TX | $30,648 | $14.73 |
| 6 | Jacksonville, FL | $29,758 | $14.31 |
| 7 | Des Moines, IA | $29,558 | $14.21 |
| 8 | Urban Honolulu, HI | $29,494 | $14.18 |
| 9 | Saint Louis Park, MN | $28,892 | $13.89 |
| 10 | Grand Rapids, MI | $28,879 | $13.88 |
| 11 | Tigard, OR | $27,138 | $13.05 |
| 12 | Greenville, SC | $24,692 | $11.87 |
| 13 | Evansville, IN | $23,210 | $11.16 |
Bankruptcy specialist salary details
A bankruptcy specialist's salary ranges from $27,000 a year at the 10th percentile to $46,000 at the 90th percentile.
What is a bankruptcy specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $46,000 | $3,833 | $22 |
| 75th Percentile | $40,000 | $3,333 | $19 |
| Average | $35,498 | $2,958 | $17 |
| 25th Percentile | $30,000 | $2,500 | $14 |
| 10th Percentile | $27,000 | $2,250 | $13 |
Highest paying bankruptcy specialist jobs
The highest paying types of bankruptcy specialists are corporate counsel, legal counsel, and general counsel.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Housing Counselor | $78,730 | $6,561 | $37.85 | 33,639 |
| Document Review Attorney | $81,181 | $6,765 | $39.03 | 9,393 |
| Attorney | $109,476 | $9,123 | $52.63 | 10,991 |
| Lawyer | $115,808 | $9,651 | $55.68 | 2,897 |
| Contract Attorney | $97,474 | $8,123 | $46.86 | 13,592 |
| Staff Attorney | $110,028 | $9,169 | $52.90 | 75,402 |
Top companies hiring bankruptcy specialists now:
Which companies pay bankruptcy specialists the most?
Bankruptcy specialist salaries at The PNC Financial Services Group and Wells Fargo are the highest-paying according to our most recent salary estimates. In addition, the average bankruptcy specialist salary at companies like Fifth Third Bank and Freedom Mortgage are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | The PNC Financial Services Group | $44,984 | $21.63 |
| 2 | Wells Fargo | $43,782 | $21.05 |
| 3 | Fifth Third Bank | $42,961 | $20.65 |
| 4 | Freedom Mortgage | $40,809 | $19.62 |
| 5 | Tennessee Housing Development Agency | $37,525 | $18.04 |
| 6 | Fundbox | $36,854 | $17.72 |
| 7 | Fay Servicing | $36,407 | $17.50 |
| 8 | Lendmark Financial | $36,299 | $17.45 |
| 9 | First Investors Financial Services Group, Inc. | $35,665 | $17.15 |
| 10 | OneMain | $35,656 | $17.14 |
| 11 | Selene Finance | $35,347 | $16.99 |
| 12 | BenefitMall | $35,236 | $16.94 |
| 13 | Randstad North America, Inc. | $35,055 | $16.85 |
| 14 | Robert Half | $34,739 | $16.70 |
| 15 | First Hawaiian Bank | $34,206 | $16.45 |
| 16 | Purchasing Power | $34,071 | $16.38 |
| 17 | First United Bank | $33,964 | $16.33 |
| 18 | CornerStone Staffing | $32,786 | $15.76 |
| 19 | Adecco | $32,699 | $15.72 |
Wage gap by gender, race and education
Bankruptcy specialist salary trends
The average bankruptcy specialist salary has risen by $3,809 over the last ten years. In 2014, the average bankruptcy specialist earned $31,689 annually, but today, they earn $35,498 a year. That works out to a 7% change in pay for bankruptcy specialists over the last decade.
Compare bankruptcy specialist salaries for cities or states with the national average over time.
Average bankruptcy specialist salary over time
Compare bankruptcy specialist salaries for individual cities or states with the national average.
Bankruptcy specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $35,500 | $17.07 | +3.1% |
| 2024 | $34,400 | $16.53 | +1.7% |
| 2023 | $33,800 | $16.26 | +1.4% |
| 2022 | $33,400 | $16.03 | +0.9% |
| 2021 | $33,000 | $15.89 | +2.0% |
Recently added bankruptcy specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Carringtonres | Bankruptcy Specialist II | Anaheim, CA | 06/29/2025 | $50,088 |
| Carringtonres | Bankruptcy Specialist, I | Plano, TX | 06/29/2025 | $45,914 |
| Carrington | Bankruptcy Specialist, I | Pierre, SD | 06/28/2025 | $45,914 |
| Carrington | Bankruptcy Ledger Specialist | Dover, DE | 06/28/2025 | $58,436 |
| Carrington | Bankruptcy Ledger Specialist | Montpelier, VT | 06/28/2025 | $58,436 |
| Carrington | Bankruptcy Specialist, I | Bismarck, ND | 06/28/2025 | $45,914 |
| Carrington | Bankruptcy Specialist, I | Providence, RI | 06/28/2025 | $45,914 |
| Carrington | Bankruptcy Specialist, I | Richmond, VA | 06/28/2025 | $45,914 |
| Carrington | Bankruptcy Specialist, I | Santa Fe, NM | 06/28/2025 | $45,914 |
| Carrington | Bankruptcy Specialist, I | Jackson, WY | 06/28/2025 | $45,914 |
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