Bankruptcy & Legal Specialist

IH Mississippi Valley Credit Union; Moline (IL); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Training & support

Competitive pay

401(k) with match

Paid holidays & PTO

Tuition reimbursement

Volunteer opportunities

Health, dental, and vision insurance

On-site fitness center

Job summary

IH Mississippi Valley Credit Union is seeking a Bankruptcy & Legal Specialist to oversee Chapter 7, 11, and 13 cases from filing through resolution. You will review filings, deadlines, and pleadings, coordinating with attorneys, trustees, and internal teams to protect the credit union's interests while ensuring compliance.

You will also provide backup support to other legal functions, including deceased member accounts, levies, garnishments, repossessions, and collateral recovery.

Qualifications

• 3+ years of experience in bankruptcy servicing, collections, legal recovery, or related areas.
• Strong knowledge of bankruptcy laws and processes, including Chapters 7, 11 and 13.
• Strong communication skills, including negotiation and conflict resolution.
• Experience working with legal professionals, trustees, vendors and financial systems.

Responsibilities

• Process bankruptcy notices, update systems, and communicate time-sensitive information to stakeholders.
• Manage Chapter 7, 11, 13 bankruptcy accounts from filing through dismissal, discharge, or resolution.
• Review petitions, schedules, plans, and notices to evaluate financial information and collateral.
• Prepare and file Proofs of Claim, reaffirmation agreements, and other required documents within timeframes.
• Monitor case activity, including payments, trustee objections, court deadlines, collateral protection, and document execution.
• Coordinate with attorneys, trustees, courts, members, and internal departments; refer accounts to outside counsel.
• Maintain accurate case records and reporting related to bankruptcy filings and recoveries.
• Support other Legal team functions including deceased member accounts, levies, garnishments, repossessions, and collateral recovery.

Skills

Bankruptcy servicing

Collections

Legal recovery

Communication skills

Negotiation

Conflict resolution

Experience with legal professionals

Deadline management

Independent judgment

Attention to detail

Education

High school diploma or equivalent

Job description

Join our team as a Bankruptcy & Legal Specialist at IHMVCU!

We are committed to providing exceptional financial services to our members and community. We believe in fostering a collaborative and supportive work environment where every team member can thrive. This position is located at our headquarters on River Drive in Moline, Illinois, featuring a comfortable office environment and an on-site fitness center.

Summary of Position:

As a Bankruptcy & Legal Specialist, you will oversee bankruptcy accounts from initial notification through dismissal, discharge, or other resolution. You will review filings, monitor deadlines, prepare and submit required documentation, and work closely with attorneys, trustees, members, and internal teams to protect the credit union's interests while ensuring all actions comply with bankruptcy laws and regulations.

This position will primarily focus on Chapters 7, 11, and 13 bankruptcy cases. You will also provide backup support to other areas of the Legal team as needed, including deceased member accounts, levies, garnishments, vehicle repossessions, and collateral recovery.

This role is ideal for someone who exercises sound independent judgment, communicates effectively, maintains thorough documentation, and enjoys resolving complex, time-sensitive situations.

The successful candidate should have following skills/qualifications:

• High school diploma or equivalent required; college coursework in business, finance or law preferred
• 3+ years of experience in bankruptcy servicing, collections, legal recovery, or related areas
• Strong knowledge of bankruptcy laws and processes, including Chapters 7, 11 and 13
• Strong communication skills, including negotiation and conflict resolution
• Experience working with legal professionals, trustees, vendors and financial systems
• Ability to analyze complex cases, manage required deadlines, and take timely, compliant action
• Detail-oriented, resourceful, and comfortable working independently on time-sensitive matters

Key Responsibilities:

• Process incoming bankruptcy notices, complete required system updates, and communicate time-sensitive information to internal and external stakeholders.
• Manage Chapter 7, 11, and 13 bankruptcy accounts from initial filing through dismissal, discharge, or other resolution.
• Review petitions, schedules, plans, and notices to evaluate financial information, collateral, claim treatment, and potential concerns requiring escalation.
• Prepare and file Proofs of Claim, reaffirmation agreements, and other required documents within court-mandated timeframes.
• Monitor case activity, including payments, trustee objections, court deadlines, collateral protection, and the execution of required documents.
• Coordinate with attorneys, trustees, courts, members, and internal departments; refer accounts to outside counsel.
• Maintain accurate case records and reporting related to bankruptcy filings, case status, reaffirmation rates, charge-offs, and recoveries.
• Support other Legal team functions as needed, including deceased member accounts, levies, garnishments, repossessions, and collateral recovery.

Why Join IHMVCU?

Being part of Team IHMVCU is more than just a job. It's an opportunity to make a positive impact on our members, our communities, and your career.

We offer:

• Outstanding training, support, and resources to help you succeed.
• Competitive compensation.
• 401(k) with company match and profit sharing.
• Paid holidays and generous paid time off.
• Tuition reimbursement.
• Paid community volunteer opportunities.
• Comprehensive health, dental, and vision insurance.
• Access to our on-site fitness center.

Check out our careers page for more information including benefits www.ihmvcu.org/careers. Final compensation will be determined by various factors such as experience, specific skills and internal pay equity.

Move Up your career at IHMVCU with this great opportunity!

Physical Requirements

• Sitting: Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.
• Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
• Lifting Demands: Up to 10 lbs.
• Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.