Best way to Bill Attorneys

One of the questions we frequently get asked by VBAs at www.713Training.com is- What is the best way to bill Attorneys that we are preparing petitions for?  In the past we would bill attorneys twice a month and just wait for the attorney send us a check however, technology has changed and there are several new and easy ways to bill attorneys.  Below are a few of the fast and easy ways to bill attorneys.

Chase Quick Pay- You can send and receive money to and from anyone using their email address or mobile number.  As long as both of you have a U.S. bank account and at least one of you has a Chase checking account.  https://www.chase.com/online-banking/quickpay

Paypal:  Is an e-commerce business that allows payments and money transfers to be made over the internet.  Another great alternative to paying with traditional paper methods such as checks and money orders.  https://www.paypal.com/home

Dwolla:  Is a payment network that allows any business or person to send, request and accept money.  Just 25 cents per transaction or free for transactions $10 or less.  A cheaper and faster way to send or receive money.  https://www.dwolla.com/

Intuit Payment Network:  Get paid for 50 cents- no setup, monthly or cancellation fees!  Payments deposited directly into your bank account. By using the payment network you can accept online payments eliminating the need to wait for the mail, drive to the bank to cash a check, or print and pay to send an invoice. Your time is money!  https://ipn.intuit.com/

Venmo – Free service that allows you to transfer money form bank account to bank account for free regardless of the bank.  You can also build a Venmo balance that you can transfer and even transfer money via a Debit Card for Free.  Additionally you can transfer money via a credit card for a small fee.  https://venmo.com/

There are plenty of online payment systems out there!  Make sure to choose one that’s in line with your business objectives. These are all great options however, most of the 713Training Team is currently using either Chase Quick Pay or Venmo is their VBA Businesses.  Was your favorite online payment solution included in the list? If so, tell us what you like about it?

If you have any questions about any of these services or about our training products feel free to call us or visit our website  www.713Training.com

Also don’t forget about the upcoming seminar on May 2nd and 3rd
http://www.713training.com/categories/Seminars/

Sincerely,

-The 713 Training Team
www.713Training.com
1-800-535-9984

Join our LinkedIn group: www.linkedin.com/companies/713training.com-llc

Follow us on Facebook:www.facebook.com/pages/713Trainingcom/112903945407672

 

Disclaimer: We at 713Training.com are not attorneys; any information provided by 713 Training should not be considered legal advice.  The information in this article, and any other materials provided by 713 Training, whether delivered verbally, written or via any other means, including electronic/digital delivery and storage, is for training purposes only, and is intended for individuals who work under the direction of a licensed attorney.

Posted in Bankruptcy Q&A, Bankruptcy Topics, Bankruptcy Training Other | Comments Off

The 5 most common credit mistakes to avoid after bankruptcy

After bankruptcy there is a rebuilding period of your finances.  Here are some things to keep in mind going forward to help the process. 

Overcharging is the primary cause of credit problems.  However there are some other common credit mistakes that can work against you financially.

1.   Not valuing your credit
Good credit is a valuable commodity in today’s economy.  Bad credit, including a bad credit record, late payments, etc., can create a negatie financial profile that can surface when you have a legitimate need to borrow.  Buying a home is a necessary use of credit that few people can avoid.  Abusing short-term credit obligations, or over-extending through short-term debt, can cause a mortgage lender to reject your application for a home mortgage.

2.   Allowing a need for status to overrule common sense.
Most credit card companies now offer a “status” card, targeted to the consumer’s desire to have the very best of everything.  Status cards often have higher credit limits, more frills and the highest annual fees—from $75- $100.  Avoid paying extra for status.  The basic card from the same company offers the same basic features and a much lower annual cost.

3.   Raising credit card limits
If you use credit cards, avoid raising your limit.  An increased limit is merely an increased temptation to buy.  Many companies notify you that they are raising your limit.  Take such notices as a warning signal.  If you’re such a good customer that the card company wants to give you more credit, chances are you’ve been using your credit card for more than emergencies!  To refuse an increase simply call or write the card company and say. “thanks, but no thanks!”

 4.   Not monitoring your credit
You must know where you stand.  Lenders get a snapshot of your debt repayment history with your credit report and it is important for you to know what they are seeing.  You can review your credit report once a year for free.

 5.   Not knowing your interest rate and fees
Fees vary widely among cards.  Always make sure you know what the rate and annual fees are before you accept the card.  If you have existing cards, check the rate you’re paying and if it’s high, shop for a card with a lower rate.

These common mistakes could cost you hundreds or thousands of dollars—dollars you could instead be using to build financial security

We want to thank Michael Claiborne for contributing this article.  Michael is a VBA who also has extensive background with credit repair.
http://vbasupportservices.com/

Also don’t forget the upcoming seminar on May 2nd and 3rd in Denver Colorado.  If you have any questions make sure to call or email us.  Seminar Link:
http://www.713training.com/categories/Seminars/

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Upcoming Chapter 7 and Chapter 13 Bankruptcy Seminar

We invite you to check out 713Training’s Upcoming Seminar for VBA’s, Bankruptcy Attorney’s and their Staff.  This is a Great Opportunity to sharpen you and your staff’s skills regarding Chapter 7 and Chapter 13 bankruptcies.  CHECK OUT the following link to get more Information and sign up for the Seminar:

http://www.713training.com/categories/Seminars/

DATE:  Friday, May 2nd and Saturday May 3rd, 2014
TIME:  9:00am – 5:00pm Day                                                      LOCATION: Denver, Colorado (2 minutes from the Airport)

INSTUCTORS AND PRESENTERS:
Heath Isaacs, Bankruptcy Attorney
Ann Marie Bright, Bankruptcy Paralegal
Scott Simons, President, 713Training.com
Special Guest

Some of the Seminar Topics:

1.    Avoiding the “Gotchas” and Getting a Bankruptcy Case to Discharge (Chapter 7 and 13)
2.    Utilizing Pre-Bankruptcy Planning to Avoid Post-Filling Headaches
3.    When Should a 7 Really be a 13?
4.    Mastering Chapter 13
                                                                                                            5.    Mastering the Means Test                                                                                                   6.    How to Strip a Mortgage from Residential Real Estate
7.    Perform Real Time Drafting and Calculation of a Chapter 13 Plan
8.    Learn Often Overlooked Chapter 13  Tricks                                                               9.    Marketing to increase your client base

Free Gifts for Attending- Over $250 Value

  • Sample Pleadings
  • Sample Affidavits
  • Lien Stripping Package – Pleadings and Letters
  • Case Management Software
  • Timelines/Deadlines Spreadsheet
  • More!

We hope to see you there,

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Do you have a Virtual Bankruptcy Assistant(VBA) website?

Want to generate inbound attorney leads?   Want to make your VBA business more credible to attorneys?  Want to create tools that work for you when you’re not in the office?
If you answered Yes to any of these questions and you don’t have a website for your VBA business then you should think about getting one.

At 713Training.com we have a great solution for your Virtual Bankruptcy Assistant(VBA) website.   Our programmer who has lots of experience with VBA sites will create a great looking VBA website for you based off one of our custom in-house templates.

Get More Details:http://www.713training.com/vba-websites/

Have More Questions or Already Have a VBA Website?
If you already have a VBA website and it needs optimization, needs changes made to the site or if you have any questions make sure to call or email the 713Training Team.  We have years of experience in this area and we will gladly give you some FREE advice.

-The 713 Training Team
www.713Training.com
1-800-535-9984

 

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Ch7 & Ch13 Bankruptcy Seminar on DVD

We hope that you enjoyed the Holidays and hope that 2014 will be your best year yet!   The 713Training Team has been busy updating and developing products and we will keep you up to date on our progress.  This newsletter is about a new product we are  now offering on www.713training.com

The Ch7 & Ch13 Bankruptcy Seminar on DVD is almost 8 hours of training from the experts to help you become proficient in preparing Chapter 7 and Chapter 13 Bankruptcy Petitions.

Presenters:
Heath Isaacs:  Heath is a Bankruptcy Attorney and VBA Firm Owner with extensive experience.  He was also a professional seminar speaker and is very knowledgeable, entertaining and easy to follow.

Anne Marie Bright:  Anne Marie Bright is a paralegal who specializes in Chapter 13 Bankruptcies.  She has over 20 years’ experience and is a wealth of knowledge in regards to chapter 13 bankruptcies.

A few of the topics covered are:

1.    Avoiding the “Gotchas” and Getting a Bankruptcy Case to Discharge (Chapter 7 and 13)
2.    Utilizing Pre-Bankruptcy Planning to Avoid Post-Filling Headaches
3.    When Should a 7 Really be a 13?
4.    How to write and Confirm Chapter 13’s
5.    How to Calculate a Chapter 13 Plan Payment like a Pro
6
.    How to Master the Means Test
7.   How to Strip a Mortgage from Residential Real Estate
8
.    Learn Often Overlooked Chapter 13 Tricks

This DVD is packed with hours of VALUABLE information that is not available any other way except for going to one of our live training seminars.  We have also included several hundred dollars of bonuses worth more than the cost of the DVD making this purchase a no brainer.

What You Get:

  • Almost 8 hour of training on 4 DVDs

  • A 713Training Flash Drive loaded with these BONUSES
    *Power Point presentations to help follow the speakers
    *Attorney agreement for Services
    *Perfect petition business Plan
    *VBA Tools Package-comes with several tools to simplify your VBA business
    *Information Packet full of Valuable Information
    *Client intake form Package with a
    FreePersonalized Client Intake Form

EXTRA BONUS- $75 Gift Card good for anything from www.713Training.com

To view or purchase this product from 713Training.com simply click on the following link:
http://www.713training.com/ch-7-ch-13-bankruptcy-training-seminar-on-dvd-with-bonuses/    

-The 713 Training Team
Phone: 1-800-535-9984

www.713Training.com

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Top Technology Tools to Build Your Business

713training.com has everything you’ll need to start and grow your very own Virtual Bankruptcy Assistant (VBA) business working with bankruptcy attorney’s across the country preparing chapter 7 & 13 bankruptcy petitions.  Virtual Bankruptcy Assistants are technology guru’s and here is a list of technology tools that will help you run your Virtual Bankruptcy Assistant business.

For more information visit us at http://www.713training.com or call us at 1-800-535-9984.

  1. QuickBooks: This is the most popular bookkeeping software in the world. Accounting is one of the most time-consuming, yet vital aspects of business management. Quickbooks is a set of software solutions designed to manage payroll, inventory, sales and other needs of a small business.  There’s no need for any accounting experience and the software will merge with practically any platform.
  2. GoToMeeting: Gotomeeting is an electronic conference room.  In the early days of business, travel can cost and the time could be better spent elsewhere. Gotomeeting allows you to host an online meeting with up to 15 people so you can do more and travel less.  Using the web conferencing tools you can share any application on your computer in real time also allowing you to collaborate with remote colleagues.  This software allows you to organize online conference calls with the minimum of fuss.
  3. Google Documents: Is an online free word processor in which documents and spreadsheets can be created, edited and stored online.  It allows you to create and format text documents and collaborate with other people in real time. You can access the documents, spreadsheets and presentations you create from any computer, anywhere in the world.  Unlike Microsoft Word and Excel, this software is free and does the job with equal finesse. You can access and view spreadsheets and documents using Google’s service and even convert them back into Excel and Word, if those are the platforms your clients are using.
  4. Drop Box:  Dropbox is a free service that lets you bring all of your photos, docs, and videos anywhere.  It offers cloud storage, file synchronization and client software.  Dropbox allows users to create a special folder on each of their computers, which Dropbox then synchronizes so that it appears to be the same folder (with the same contents) regardless of which computer is being used.
  5. Lino It: Time is often lost through the process of sticking post-its to computer screens or work surfaces. In an untidy office, these things run as much risk of getting lost as anything else. Lino can be used to help manage to-do lists, organize ideas, or exchange ideas with friends or colleague.
  6. Todoist: The most successful businesses run on lists. Todoist allows you to create tasks, add deadlines, assign priorities, and even use color coding.  Todoist will even send you reminders about important events and dates. You can use it as broadly or as specifically as you want, even to the point where you can create an hour by hour schedule, complete with notifications and alerts.
  7. Adobe Acrobat- Converts PDF files to editable Microsoft Word, Excel and PowerPoint files.  Allows you to make fast, easy edits to text and images directly in PDF files.
  8. Neat Scanner (all in one scanner):  NeatDesk is a high-speed, duplex desktop scanner and Digital Filing System. Scan receipts, business cards and documents in one batch while the software identifies, extracts and organizes key information.
  9. Grasshopper- Allows you to turn your cell phone into a home office.  Get a toll free or local number with multiple extensions.  Allows you to have both a local and national presence- you can have both toll free and local numbers for your business.  As well as add department and employee extensions easily for every member of your team.

Sincerely,

-The 713 Training Team
www.713Training.com
1-800-535-9984

Join our LinkedIn group: www.linkedin.com/companies/713training.com-llc

Follow us on Facebook:www.facebook.com/pages/713Trainingcom/112903945407672

Disclaimer: We at 713Training.com are not attorneys; any information provided by 713 Training should not be considered legal advice.  The information in this article, and any other materials provided by 713 Training, whether delivered verbally, written or via any other means, including electronic/digital delivery and storage, is for training purposes only, and is intended for individuals who work under the direction of a licensed attorney.

 

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Top Benefits of Hiring a Bankruptcy Attorney

When filing bankruptcy it is always great to have someone on your side who knows the ins and outs of the process. While you can do it yourself, having a great experienced attorney can really make the difference between getting to financial freedom and still being under debt. If you are considering filing Chapter 7 or Chapter 13 without an attorney, take a look at these benefits of having an attorney on your side. You may just change your mind.

Understand the process

Working with an experienced attorney can help you to understand the entire bankruptcy
filing process. They can explain to you how the process works and what you need to have. They can help you to go from start to finish to insure you file the papers correctly and that you have filed the right chapter. There is a lot of paperwork that has to be handled and processed. If it is not done right or is not all there it can really impede your process.

Know the differences

There are two types of bankruptcy, Chapter 7 and Chapter 13. These two differences can mean a lot when it comes to the type of debt you have and what your future plans are for your finances. Talking with your bankruptcy attorney can help you to understand which chapter best fits your needs and help you to choose the right process.

What can this do?

Working by yourself is not always the best choice. Working with an attorney can help you to truly understand the benefits of filing bankruptcy and what it actually can do for you. It can not clear all types of debt such as student loans or tax debt. There are many benefits to filing and it can help you to get to a more stable financial situation. It is very important that you go into this with an honest and truthful look at the process and that is exactly what your attorney can do. You also need to know that filing it correctly can stop those phone calls from creditors and the collections activities. Having an attorney on your side helps to make sure that happens.

Cover all debts

Your attorney will help you to make sure you have all your debts that are qualified for bankruptcy listed in the process. If you do not include all of your debts then they will not be taken care of in the bankruptcy filings. They can help you to make sure that all of your debts are listed in the process and that you don’t forget any.

Working with a bankruptcy attorney is truly the best way to get the proceedings clear and processed correctly. If you do not file the right chapter or file paperwork improperly, it can cause your bankruptcy to take much longer than it should or possibly be denied. When it comes to dealing with your creditors it is best to have an experienced person on your side of the table. Be sure you check into great attorneys in your area that have experience filing either chapter.

About the author

Michelle has had personal experience with bankruptcy and she understands the need for good bankruptcy attorneys throughout the entire process. She encourages everyone to choose an attorney that can help your bankruptcy case.

If you are attorney and need training for you or your staff we can help.  Contact us Today and one of our friendly staff will assist you or you can visit our website to view some of the tools we offer for Bankruptcy Attorneys.

http://www.713training.com/categories/Bankruptcy-Attorney-Tools/

Also, if you are a VBA or are thinking of becoming a VBA check out the following link to see what package is right for you or call us Today  for assistance.

http://www.713training.com/categories/Training-Packages/

 

Sincerely,

-The 713 Training Team
www.713Training.com
1-800-535-9984

Join our LinkedIn group: www.linkedin.com/companies/713training.com-llc

Follow us on Facebook:www.facebook.com/pages/713Trainingcom/112903945407672

Disclaimer: We at 713Training.com are not attorneys; any information provided by 713 Training should not be considered legal advice.  The information in this article, and any other materials provided by 713 Training, whether delivered verbally, written or via any other means, including electronic/digital delivery and storage, is for training purposes only, and is intended for individuals who work under the direction of a licensed attorney.

 

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Life After Bankruptcy

In a bad economy, bankruptcy is an unfortunate byproduct for many Americans.  Filing for bankruptcy can give you a fresh start.   Unfortunately your credit has basically gone down the tubes after bankruptcy.  But on the bright side all your debt has gone away.  Find out what happens after bankruptcy.

Here is what you can realistically expect after you file for bankruptcy:

Filing for bankruptcy will have a negative effect on your credit score and will remain on
your credit report for up to 10 years.  After bankruptcy you won’t be able to qualify for most conventional mortgages, car loans, and credit cards.  Bankruptcy will not provide you with a quick fix for helping you get a new loan, but it can help you achieve good credit within a relatively short period of time.  Rebuilding financial stability after bankruptcy can begin in as little as six months.  Bankruptcy will clear your debts but will not clear your credit history.  Between 7-10 years after filing, bankruptcies may be erased from the filer’s credit report.

Once your credit score is on the rise you can begin to qualify for loans.  You can use small loans paid on time to slowly regain credit during the sensitive rebuilding process.  Make sure that you are making all of your payments on time!

Filing for bankruptcy makes an impact on a filer’s life for years after debts have been repaid or discharged, but the freedom bankruptcy gives to those burdened by debt can make the process worthwhile.

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Documents to Provide for 341 Hearing

Here is an example of what clients need to provide for a 341 hearing-

Need to deliver the following documents during the 10 days prior to the hearing:

1.  Most Recent Paystub- Provide both if filing jointly

2.  Completed Domestic Support Questionnaire

    • Print the document from this email, complete and sign;

3.  Bank Statements

    • Statement from each checking and savings account that your name was on when the case was filed;
    • Statement from your PayPal account if you have one;
    • Statements from these accounts should show account activity from the date the case was filed backward 60 days;  For example- If your case was filed on 10/15, the trustee would require you bring bank statements showing account activity from 8/15 through 10/15.
    • Statements should show a daily balance;

Please bring these documents with you to the hearing as well.

Please bring to the hearing, the following forms of ID:

Photo ID:

    • Driver’s Licence; or
    • Passport; or
    • Government Issued Photo ID.

Proof of Social Security Number:

    • Social Security Card; or
    • Temporary issue from Social Security Administration; or
    • Most recent W2; or
    • Insurance card, etc…with SSN and your name printed on it.

Sincerely,

-The 713 Training Team
www.713Training.com
1-800-535-9984

Join our LinkedIn group: www.linkedin.com/companies/713training.com-llc

Follow us on Facebook:www.facebook.com/pages/713Trainingcom/112903945407672

Disclaimer: We at 713Training.com are not attorneys; any information provided by 713 Training should not be considered legal advice.  The information in this article, and any other materials provided by 713 Training, whether delivered verbally, written or via any other means, including electronic/digital delivery and storage, is for training purposes only, and is intended for individuals who work under the direction of a licensed attorney.

 

 

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Retirement Accounts – Estate Property?

Retirement AccountsIf you’re working on a case where the debtor has a large trust or retirement account, you will want to be aware of how to manage the accounts in regards to schedule Schedule B.  Many debtors will worry about jeopardizing their retirement money when they file bankruptcy.  In several states the exemptions do not cover cash on hand and bank accounts.  In these states, attorneys will coach their clients to convert cash into exempt property before filing.

Trustees will often ask if the debtor has a retirement account like an IRA or 401k.  They may also ask about trust accounts where the debtor is a beneficiary.  Here’s how the federal law applies to these assets.

401k’s and IRA’s

In 1992, the US Supreme Court ruled that ERISA qualified retirement accounts are not property of the bankruptcy estate.  Patterson v. Shumate, 504 U.S. 753.   What does this mean for you?  Technically, you don’t need to even mention the account on Schedule B of the bankruptcy petition.  However, if a trustee asks and finds out the account exists, he or she will likely become accusatory and suspicious of the remainder of the case thinking assets have been hidden.

PRACTICE TIP:  Many attorneys have adopted the practice of listing a 401k or IRA on Schedule B but including some language similar to this:

Pursuant to Patterson v. Shumate, this account is ERISA qualified and is not property of the estate. Disclosure is made in the event of a change in the law.

Then on Schedule C, many practitioners will still claim the state law exemption but add the same language above in the explanation section.

Use Federal Exemption & State Exemption

Many states do not allow the use of the federal exemptions.  However, the 2005 changes to the bankruptcy law allow debtors in all states to use the retirement account exemption found in 11 U.S.C. 522(b)(3)(c).  Good practitioners will mention the accounts and then use both the state and federal exemptions protecting the entire amount.  In re Braulick, 360 B.R. 327.

State Statutes and 12 Month Contributions

In several states, statutes exist that specifically indicate the contributions a debtor makes to a 401k account during the year prior to filing are not exempt and are available to the bankruptcy trustee.  This can be overcome and the contributions should not be jeopardized.  For example, a debtor with $40,000 in a 401k may have made $50 contributions from each of his paychecks during the

prior year.  That would add up to $1,200.  In Vermont and Utah these statutes are in place.  However in Vermont, for example, the bankruptcy courts ruled that the statute is not enforceable and the money is not available to the trustee.  In re Leahy, 370 B.R. 620.

With proper planning and foresight, you can protect your retirement accounts when you have to declare bankruptcy so that those accounts will be there when you really need them. If you have any questions contact an attorney that specializes in bankruptcy law to assist you.

www.713training.com

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Disclaimer: We at 713Training.com are not attorneys; any information provided by 713 Training should not be considered legal advice.  The information in this article, and any other materials provided by 713 Training, whether delivered verbally, written or via any other means, including electronic/digital delivery and storage, is for training purposes only, and is intended for individuals who work under the direction of a licensed attorney.

Posted in Bankruptcy Q&A, Bankruptcy Topics, Bankruptcy Training Other, Other, Uncategorized | Tagged , , , , | Comments Off