Bankruptcy Attorney salary in Iceland

Average Yearly Salary of Bankruptcy Attorney in Iceland is approximately 14,527,994 ISK (101,515 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Bankruptcy Attorney do?

A bankruptcy attorney is a legal professional who specializes in providing guidance and representation to individuals or businesses facing financial difficulties and seeking relief through bankruptcy. Their primary role involves assisting clients in understanding the bankruptcy process, evaluating their financial situation, and determining the best course of action to resolve their debts. They provide advice on which type of bankruptcy to file, such as Chapter 7 or Chapter 13, and guide clients through the necessary paperwork and court proceedings. Bankruptcy attorneys also negotiate with creditors on behalf of their clients, aiming to reduce or restructure debts. Additionally, they may offer guidance on rebuilding credit and managing finances after bankruptcy. The occupation requires strong analytical skills, knowledge of bankruptcy laws, excellent communication and negotiation abilities, and a deep understanding of financial matters.

Skills: bankruptcy law, debt relief, financial distress, legal representation, financial counseling, debt restructuring.
Job industry: Legal

How much does Bankruptcy Attorney make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Bankruptcy Attorney a well paid job?

Yes, our data shows that Bankruptcy Attorney is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Bankruptcy Attorney?

High salary for Bankruptcy Attorney would be somewhere between 15,980,793 ISK and 21,065,591 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bankruptcy Attorney in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 14,527,994 ISK
Estimated Monthly Salary: 1,210,666 ISK
Estimated Weekly Salary: 279,385 ISK per week
Estimated Hourly Salary: 6,985 ISK per hour
By working as Bankruptcy Attorney a person can save up to 5,731 USD per month or 68,769 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Bankruptcy Attorney

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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