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Distressed Asset Jobs in California (NOW HIRING)

Lendistry, LLC.

Asset Manager

Tustin, CA · On-site

$85 - $115/hr

The Asset Manager must have experience managing a broad range of distressed assets, including commercial and industrial loans, commercial real estate loans, SBA 7(a) and SBA 504, lines of credit ...

J.S. Held LLC

Sr. Associate

Solana Beach, CA · On-site

$100K - $120K/yr

... distressed asset consulting or restructuring, or related fields. A degree in Business, Economics, Finance, or Accounting is preferred. A Master's or specialty in Real Estate is a plus. * Deep ...

J.S. Held LLC

Senior Associate

Solana Beach, CA · On-site

$10K - $120K/mo

Qualifications Required Qualifications: * 3-5 years of experience in Audit, Big 4 Accounting, Banking, Finance and/or distressed asset consulting or restructuring, or related fields. A degree in ...

J.S. Held LLC

Senior Associate

Solana Beach, CA · On-site

$10K - $120K/mo

Qualifications Required Qualifications: * 3-5 years of experience in Audit, Big 4 Accounting, Banking, Finance and/or distressed asset consulting or restructuring, or related fields. A degree in ...

J.S. Held LLC

Senior Associate

Solana Beach, CA · On-site

$10K - $120K/mo

Qualifications Required Qualifications: * 3-5 years of experience in Audit, Big 4 Accounting, Banking, Finance and/or distressed asset consulting or restructuring, or related fields. A degree in ...

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All JobsDistressed Asset JobsDistressed Asset Jobs in California

Distressed Asset information

See California salary details

$13

$20

$48

How much do distressed asset jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for distressed asset in California is $20.67, according to ZipRecruiter salary data. Most workers in this role earn between $15.67 and $20.87 per hour, depending on experience, location, and employer.

What is a distressed asset?

Distressed assets are properties, securities, or companies that are under financial stress and are often being sold at a significantly reduced price. This may be due to bankruptcy, foreclosure, or other financial difficulties. Investors often seek out distressed assets because they can represent opportunities for high returns if the assets can be rehabilitated or sold after the market improves. However, investing in distressed assets also comes with higher risks, including legal and financial complications. Proper due diligence is essential before purchasing or investing in these types of assets.

What skills and qualifications are needed to work with distressed assets?

To thrive as a Distressed Asset Manager, you need expertise in financial analysis, asset valuation, and restructuring strategies, typically supported by a background in finance, accounting, or law. Familiarity with financial modeling tools, bankruptcy law, and asset management software is essential. Strong negotiation, problem-solving, and communication skills help professionals navigate complex stakeholder relationships and high-pressure situations. These skills are critical for maximizing asset recovery, minimizing losses, and efficiently managing turnaround processes.

What challenges do professionals working with distressed assets face, and how can they be addressed?

Professionals handling distressed assets often encounter challenges such as complex financial restructuring, navigating legal proceedings, and working with multiple stakeholders who may have competing interests. Addressing these challenges requires strong analytical skills, effective negotiation abilities, and a solid understanding of insolvency laws and market conditions. Collaborating closely with legal, financial, and operational teams is essential to develop strategic solutions that maximize asset value and minimize losses.

What is the difference between Distressed Asset vs Loan Analyst?

AspectDistressed AssetLoan Analyst
Required CredentialsFinancial analysis, valuation, and sometimes certifications like CFAFinancial analysis, credit analysis, and often a degree in finance or related field
Work EnvironmentAsset management firms, banks, or distressed debt investorsBanks, lending institutions, or financial services firms
Industry UsageHandling distressed or non-performing assetsAssessing loan applications and creditworthiness
Comparison FocusManaging distressed assetsEvaluating loan risks and approvals

While both roles involve financial analysis, a Distressed Asset professional focuses on managing and valuing distressed or non-performing assets, often in investment or asset management contexts. A Loan Analyst primarily assesses creditworthiness and risk for loan approval. Understanding these differences helps clarify career paths and employer expectations in the financial industry.

What are the most commonly searched types of Distressed Asset jobs in California?

The most popular types of Distressed Asset jobs in California are:

What are popular job titles related to Distressed Asset jobs in California?

For Distressed Asset jobs in California, the most frequently searched job titles are:

What job categories do people searching Distressed Asset jobs in California look for?

The top searched job categories for Distressed Asset jobs in California are:

Distressed Asset jobs near you
Infographic showing various Distressed Asset job openings in California as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $42,985 per year, or $20.7 per hour.

Bankruptcy Associate Attorney (Junior)

Direct Counsel

Los Angeles, CA

$220K - $250K/yr

Full-time

Medical, Dental, Vision, Life, PTO

Re-posted 17 days ago

Job description

Direct Counsel is seeking a Junior Bankruptcy Associate to join a sophisticated restructuring and insolvency practice in Los Angeles. This is an excellent opportunity for an attorney with 2–4 years of bankruptcy and restructuring experience who is looking to gain significant responsibility while working on complex Chapter 11 proceedings, out-of-court restructurings, distressed transactions, and insolvency-related litigation.

The ideal candidate will have experience representing debtors, creditors, trustees, and other stakeholders in bankruptcy matters and restructuring transactions across a variety of industries.

ResponsibilitiesBankruptcy & Restructuring
  • Represent clients in Chapter 11 and other bankruptcy proceedings
  • Advise debtors, creditors, trustees, and other interested parties in insolvency matters
  • Assist with all phases of bankruptcy cases, including:
    • Case strategy
    • Motion practice
    • Claims analysis
    • Plan confirmation matters
    • Asset sales
    • Court appearances
  • Conduct legal research and draft bankruptcy-related pleadings, motions, briefs, and memoranda
Out-of-Court Workouts & Distressed Transactions
  • Advise clients on:
    • Loan workouts
    • Debt restructurings
    • Forbearance agreements
    • Out-of-court restructuring transactions
  • Assist with assignments for the benefit of creditors (ABCs)
  • Support the purchase and sale of distressed assets
  • Participate in negotiations involving lenders, borrowers, investors, and other stakeholders
Litigation & Client Counseling
  • Support bankruptcy-related litigation and contested matters
  • Analyze financial and operational issues affecting distressed businesses
  • Work directly with clients to develop practical restructuring solutions
  • Coordinate with attorneys across corporate, finance, litigation, real estate, and other practice groups
Qualifications
  • J.D. from an accredited law school
  • Active California Bar membership or eligibility to practice in California
  • 2–4 years of bankruptcy, restructuring, or insolvency-related experience
  • Experience representing:
    • Debtors
    • Creditors
    • Trustees
    • Other stakeholders in bankruptcy proceedings
  • Experience with:
    • Chapter 11 proceedings
    • Bankruptcy litigation
    • Loan workouts
    • Restructuring transactions
    • Distressed asset matters
  • Strong legal research, writing, and analytical skills
  • Excellent communication and organizational abilities
  • Ability to manage multiple matters in a fast-paced environment
  • Strong academic credentials
Industries Served

Matters may involve clients across a variety of industries, including:

  • Real Estate
  • Entertainment & Media
  • Manufacturing
  • Retail
  • Financial Services
  • Other distressed and special situations sectors
Compensation & Benefits
  • Salary range: $220,000 – $250,000
  • Comprehensive medical, dental, and vision coverage
  • Life, short-term disability, and long-term disability insurance
  • Health Savings Account (HSA) and Flexible Spending Account (FSA) options
  • Generous paid time off and parental leave
  • Employee assistance and wellness programs
  • Professional development and business development support
  • Formal mentoring and associate training programs
Why This Opportunity
  • Work on sophisticated bankruptcy, restructuring, and distressed transaction matters
  • Significant client exposure and hands-on responsibility
  • Direct mentorship from experienced restructuring attorneys
  • Collaborative and entrepreneurial firm culture
  • Opportunity to develop expertise across both bankruptcy litigation and transactional restructuring work
  • Strong platform for long-term professional growth and advancement

Direct Counsel is committed to connecting exceptional legal talent with premier law firms and fostering inclusive hiring practices.