How much does a Bankruptcy Specialist III make in Detroit, MI? The average Bankruptcy Specialist III salary in Detroit, MI is $54,014 as of April 24, 2024, but the range typically falls between $42,925 and $57,963. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Bankruptcy Specialist III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Bankruptcy Specialist III Salary $32,829 Detroit,MI April 24, 2024
25th Percentile Bankruptcy Specialist III Salary $42,925 Detroit,MI April 24, 2024
50th Percentile Bankruptcy Specialist III Salary $54,014 Detroit,MI April 24, 2024
75th Percentile Bankruptcy Specialist III Salary $57,963 Detroit,MI April 24, 2024
90th Percentile Bankruptcy Specialist III Salary $61,558 Detroit,MI April 24, 2024
25% $42,925 10% $32,829 90% $61,558 75% $57,963 $54,014 50%(Median) Didn’t find job title? Click
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What skills does a Bankruptcy Specialist III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Written Communication: Communicating information through written media to educate, inform and influence the target audience.

2.

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

Claim Reviews: A claims review is the process in which the underwriter reviews a claim to assure that it meets a set of standards.

Written Communication 2.79%
Life Insurance 0.93%
Claim Reviews 0.53%
Others 95.75%

Job Description for Bankruptcy Specialist III

Bankruptcy Specialist III is responsible for the documentation and filing of loan bankruptcy materials with the appropriate attorneys. Ensures full compliance with loan bankruptcy regulations. Being a Bankruptcy Specialist III monitors accounts throughout the loan bankruptcy process and contacts appropriate party when necessary. Verifies the bankruptcy is secured and acquires a copy of the proposed Chapter 13 Plan on all secured accounts. Additionally, Bankruptcy Specialist III captures Chapter 7 reaffirmation agreements to management for approval. Distributes account balances and interest rates to the secured and unsecured balances. Typically requires a bachelor's degree. Typically reports to a supervisor. The Bankruptcy Specialist III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Bankruptcy Specialist III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Bankruptcy Specialist III in Detroit, MI
  • Product Specialist III. United States * Virtual. Req #497. Tuesday, March 19, 2024. Are you a dreamer, innovator, thinker and a do-er who believes in contr...
    - 2 Days Ago
  • Immediate need for a talented. Department Specialist III. This is a. 05+ months Contract. opportunity with long-term potential and is located in. Plymouth,...
    - 6 Days Ago
  • Development of communication material to support communication strategies with stakeholders – including but not limited to emails, infographics, PowerPoint...
    - 4 Days Ago
  • Development of communication material to support communication strategies with stakeholders including but not limited to emails, infographics, PowerPoint p...
    - 3 Days Ago
  • Development of communication material to support communication strategies with stakeholders – including but not limited to emails, infographics, PowerPoint...
    - 3 Days Ago
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Bankruptcy Specialist III salary varies from city to city. Compared with national average salary of Bankruptcy Specialist III, the highest Bankruptcy Specialist III salary is in San Francisco, CA, where the Bankruptcy Specialist III salary is 25.0% above. The lowest Bankruptcy Specialist III salary is in Miami, FL, where the Bankruptcy Specialist III salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Average Base Salary

Core compensation

 
 
 
42925
57963
54014

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
43419
61162
55776
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Bankruptcy Specialist III in Detroit, MI. The base salary for Bankruptcy Specialist III ranges from $42,925 to $57,963 with the average base salary of $54,014. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $43,419 to $61,162 with the average total cash compensation of $55,776.
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42925
57963

 

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About Detroit, Michigan    Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, th....More

Detroit, Michigan  area prices were up 1.2% from a year ago    View the Cost of Living in Detroit, Michigan

Bankruptcy Specialist III Salary in popular cities: Grand RapidsWarrenSterling Heights

Skills associated with Bankruptcy Specialist III: Filing Court Documents, Bankruptcy Regulations, Banking Software, Quality Assurance Process ...More

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