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Solo practitioner vs bankruptcy specialist

The differences between solo practitioners 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 solo practitioner and a bankruptcy specialist. Additionally, a solo practitioner has an average salary of $97,581, which is higher than the $35,498 average annual salary of a bankruptcy specialist.

The top three skills for a solo practitioner include litigation, real estate transactions and probate. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.

Solo practitioner vs bankruptcy specialist overview

Solo PractitionerBankruptcy Specialist
Yearly salary$97,581$35,498
Hourly rate$46.91$17.07
Growth rate10%10%
Number of jobs23,6804,381
Job satisfaction--
Most common degreeDoctoral Degree, 58%Bachelor's Degree, 50%
Average age4646
Years of experience44

Solo practitioner vs bankruptcy specialist salary

Solo practitioners and bankruptcy specialists have different pay scales, as shown below.

Solo PractitionerBankruptcy Specialist
Average salary$97,581$35,498
Salary rangeBetween $60,000 And $157,000Between $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

Differences between solo practitioner and bankruptcy specialist education

There are a few differences between a solo practitioner and a bankruptcy specialist in terms of educational background:

Solo PractitionerBankruptcy Specialist
Most common degreeDoctoral Degree, 58%Bachelor's Degree, 50%
Most common majorLawBusiness
Most common collegeStanford UniversityStanford University

Solo practitioner vs bankruptcy specialist demographics

Here are the differences between solo practitioners' and bankruptcy specialists' demographics:

Solo PractitionerBankruptcy Specialist
Average age4646
Gender ratioMale, 58.3% Female, 41.7%Male, 31.0% Female, 69.0%
Race ratioBlack or African American, 5.5% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 75.8% 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 Percentage10%10%

Differences between solo practitioner and bankruptcy specialist duties and responsibilities

Solo practitioner example responsibilities.

  • Represent clients in foreclosure proceedings.
  • Establish client centered practice for homeowners facing mortgage foreclosure.
  • Handle all aspects of litigation including hearings on temporary orders, restraining order proceedings, pretrial discovery including depositions and trial.
  • Represent plaintiffs in securities class actions.
  • Litigate cases involving complex federal governmental statutory benefits programs such as ERISA and Medicare.

Bankruptcy specialist example responsibilities.

  • Achieve award for increasing efficiency by extensively communicating with debtors' attorneys and monitoring trustee activities on a daily basis.
  • Provide training and support to other analysts regarding negotiation of litigation and contest bankruptcy matters.
  • Prepare cases for litigation, facilitate appropriate management of attorneys to insure proper representation of bank.
  • Develop SEO marketing initiatives that range from keyword research to competitive analysis and generate weekly reports analyzing clients' traffic trends
  • Provide comprehensive counseling to consumers regarding affordable housing programs, first-time homebuyer programs, and post-purchase education.
  • Maintain up-to-date information on lending and homebuyer assistance programs, assist with evaluating the housing counseling services provide by stimulus monies.

Solo practitioner vs bankruptcy specialist skills

Common solo practitioner skills
  • Litigation, 18%
  • Real Estate Transactions, 9%
  • Probate, 6%
  • Legal Research, 5%
  • Bench Trials, 5%
  • Criminal Defense, 5%
Common bankruptcy specialist skills
  • Relief, 8%
  • Pacer, 7%
  • Foreclosure, 6%
  • MSP, 5%
  • Bankruptcy Court, 4%
  • Debtor, 4%