A well-established Iowa law firm with a diverse legal practice and a strong reputation for client service is seeking a Creditors' Rights Paralegal to join their team in Cedar Rapids, Iowa. This role is ideal for an experienced collections or litigation paralegal who can manage creditor-side matters, work directly with debtors and creditors, and help move cases through the full collections and litigation process. The position offers a $60,000-$80,000 base salary plus a 2% bonus on collections, creating significant earning potential for a high-performing professional. What You'll Do as the Creditors' Rights Paralegal: • Serve as a primary point of contact for debtors, including confirming identity, providing required disclosures, documenting calls, and handling payment-related conversations • Manage debtor information, case activity, payment history, and notes within the firm's collections case management system • Establish payment plans and process payment authorizations • Review debtor payments and prepare regular payment and collection reports • Negotiate settlements and prepare settlement agreements • Coordinate trial settings, judgment debtor examinations, hearings, and trial preparation • Prepare attorneys for hearings and trials by organizing files, documents, and case information • Review files for suit and support the administrative process of filing collection actions • Draft complaints, petitions, praecipes, wage garnishments, discovery requests, summary judgment motions, and affidavits of account • Prepare and send demand letters and other collection correspondence • Coordinate service fees and filing-related correspondence with sheriffs and other parties • Communicate with creditors, forwarders, and other collection-related stakeholders • Accept and process forwarder claims • Maintain case calendars and docket deadlines related to demands, appeals, pleadings, hearings, and other litigation activity • Maintain accurate case records and ensure files are complete and current • Manage collection remittances and payment reporting on a daily, biweekly, and monthly basis • Prepare deposits and coordinate banking activity for multiple firm accounts • Retrieve and process firm mail and support other administrative functions related to collections operations • Support the attorney and firm with additional creditors' rights and litigation-related projects as needed Must-Haves as the Creditors' Rights Paralegal: • At least 5 years of experience in a legal, collections, creditors' rights, civil litigation, or closely related environment • Strong understanding of collections, creditors' rights, litigation administration, or a similar legal practice area • Ability to manage multiple deadlines, case files, and competing priorities with a high level of accuracy • Strong written and verbal communication skills • Ability to communicate professionally and respectfully with debtors, creditors, attorneys, courts, and other stakeholders • Strong organizational skills and attention to detail • Ability to work independently while collaborating closely with the attorney and firm staff • Comfort handling confidential financial, legal, and client information • A professional, personable, and collaborative approach to working with a predominantly female office team Nice-to-Haves as the Creditors' Rights Paralegal: • Previous experience with CLS, Commercial Legal Software, Collection-Master, or Vertican platforms • Experience with other collections case management systems such as Q-Law or JST • Experience with WordPerfect • Experience with wage garnishments, judgment debtor examinations, creditor claims, or collection litigation • Experience drafting pleadings, discovery, motions for summary judgment, or affidavits of account • Experience working in a small or midsize law firm • Paralegal education or an associate's or bachelor's degree in paralegal studies, accounting, business, or a related field This Role Offers: • Base salary of $60,000-$80,000, depending on experience and qualifications • 2% bonus paid on all collections generated through the firm's collection work • Uncapped performance-based earning potential • A compensation structure that can create substantial total earning potential for a high-performing professional • Health insurance with approximately 50% of the employee's monthly premium paid by the firm • 401(k) plan with employer contributions • Safe harbor retirement contribution after one year of employment • Additional discretionary profit-sharing potential after the second year • Strong PTO program • A stable, locally owned law firm with a long-standing reputation in the market • Opportunity to work with a respected and growing organization that continues to expand its regional presence • A supportive, professional work environment with meaningful responsibility and autonomy • The opportunity to play a central role in a high-volume creditors' rights and collections practice