Questions and Answers from VBAs

QUESTION:

I was searching online last night and I ran across a company that sets you up in the judgment recovery business. What is this? (Matt)

ANSWER:

Before I answer that question, let me try to help you get the answer on your own. What is a judgment? It is a debt that someone does not pay and a court judgment is filed against them. What is recovery? The word means to get something back that rightfully belongs to another person.

Therefore, judgment recovery would be the same thing as a collector, or maybe even a type of “bounty” hunter. It is common knowledge, that most people who refuse to pay a bill, and even after a court hearing, they still refuse to pay it – will probably never pay the bill. Instead, you will need to use force and fear tactics in order to pry the money from their hands.

If you are the type of person that enjoys collecting, or you have worked as a collector before and liked the work, by all means – check out judgment recovery and go for it. It might be right up your alley; but as for me, I don’t enjoy collecting. Besides, I am really bad at it and it doesn’t fit my personality type.

QUESTION:

I just wanted to let you know that I am doing well and I am starting a new job working as a virtual assistant for an attorney who is local. Will keep you posted on my success. God bless you. Tell Angie Boyd I said Hi. (Elizabeth)

ANSWER:

Congratulations Elizabeth! I am very happy for you. We need to have you on an upcoming teleconference so you can tell others what you did to find the attorney. God bless you also. Keep in touch.

QUESTION:

I am not making any money. I have purchased all the training materials and did everything you tell me to do in your books. But nothing is working. Can you tell me what I am doing wrong? (Beth)

ANSWER:

Not from the information you provided. In order to determine your problem I will need to do a marketing analysis. Please forward me the marketing materials you used and information as to who you marked to. I also need to talk with you on the phone to understand exactly what steps you performed and how you performed them. Together, I am sure we can figure out the problem.

UPDATE:

After a complete review of Beth’s marketing materials and her marketing strategies, she was doing everything right. So I asked her: “How long have you been marketing using these methods?” Beth replied: “Two weeks.” Immediately I found the problem. Beth was expecting instant results. Beth was used to working for employers all her life and she thought that when she worked two weeks, she should be paid.

This is a common misconception by people who have never owned and operated their own business before. The truth of the matter is that if you market every day, it could take up to 3 months before you see any effect of your marketing. That is why it is important to have some type of income coming in to pay your personal and necessary living expenses until your company is bringing in enough income to pay its expenses plus a salary that you can afford to live on.

How much time does this take? It is different for everyone, so I cannot answer that question. But I can tell you that consistent and targeted marketing will WORK. You cannot give up and you must continue believing in your service. Success takes time. It just depends on when you decide the “give up” point is.

For me, I never gave up regardless of the consequences and eventually all that hard work paid off. I certainly am NOT rich or wealthy by any means. But I can afford to stay home full-time and live an average lifestyle. I am not like those “business opportunity” people on television. I do not have a $200 million-dollar mansion filled with Roles Royce cars. I work six days a week, 10-15 hours per day and I do it because I enjoy staying at home and being my own boss.

QUESTION:

Hello. My name is Christine. I am presently a certified notary signing agent in search of ways that I may draw in additional fund via my home based business. Due to the economy the housing market has slowed down quite a bit in my area. I have been reviewing the programs that you offer and was wondering if you would take a moment to explain to me the difference in 2 of your books. I am not exactly sure the difference in these 2 books and their offerings.

1. How to start a Bankruptcy Assistant Service
2. How to start a Bankruptcy Forms Processing Service

ANSWER:

Both are the same book, but “How to Start a Bankruptcy Forms Processing Service” was written BEFORE the bankruptcy law changed. “How to Start a Bankruptcy Assistant Service” was written AFTER the bankruptcy law changed.

I have notified Amazon, Barnes and Noble as well as Ingram Publishers that the old book (written before the law changed) is out of print. But for some reason, it is taking longer than expected for the distributors to take it off the market. I apologize for the confusion.

QUESTION:

Hi. Please find my account and profile. It was done almost a year ago over the phone with a lady. Thank you. Lucy

ANSWER:

This email should be part of the “Internet Funnies” I used to publish. We have no clue what this email is asking, but I wanted to include it to help some of you write better emails. Always remember to include the four W’s in all emails you send: The four W’s are: who, what, when and where. Otherwise, no one will understand what you are talking about.

QUESTION:

Dear Victoria: Thank you very much for today’s bankruptcy tips. I am always amazed at how you continually provide support for the virtual bankruptcy assistant field.

It has taken me a great deal of time to finally get around to the point where I could seriously concentrate on the VBA business. As I mentioned on the last teleconference, I was recently able to obtain an SBA guaranteed loan to permit me to cover market costs and other expenses while I am building the business. I have also just finished up working on a construction project that kept me occupied (and tired out) for the past 7 months. So, now I feel that I am finally able to get busy with some serious marketing.

I will keep you apprised of how it goes. Thank you for your continued interest and support. George.

ANSWER:

You are more than welcome. I enjoy helping others who are truly sincere about this business. You have taken one good step. You have secured some type of income to pay your personal expenses while you are building your business. Good move George.

QUESTION:

Dear Victoria: Karri Watson has published a review of your book: HOW TO START A VIRTUAL BANKRUPTCY ASSISTANT SERVICE for the online book journal Curled Up With a Good Book has been posted to http://www.curledup.com/virtualb.htm. Thank you.

Sharon Schulz-Elsing
Contributing Editor
Curled Up With a Good Book
http://www.curledup.com

ANSWER:

Thank you so much for your review. This was unexpected and I sincerely appreciate you letting me know of the online review so I could share it with our customers and members.

QUESTION:

I am a corporate/securities paralegal with over 14 years experience, who has been asked to assist our Bankruptcy Dept who mainly handles Chapter 11 cases. Do you have a CD, DVD or training course that can bring me up to speed with assisting our Bankruptcy Dept? I have absolutely no experience in Bankruptcy other than what I learned in paralegal school 15 years ago.

I just purchased the book: “Basic Bankruptcy Law for Paralegals” by David Buchbinder which is an excellent source. However, I wanted more practical hands on practice; i.e. interactive CD or similar. Kim

ANSWER:

Chapter 11 is an entire different ballgame compared to Chapter 7 and Chapter 13 petitions. Chapter 7 and Chapter 13 bankruptcy is specifically for individuals. Chapter 11 is reserved for businesses only. As you know, businesses have a completely different agenda in regard to assets and debts compared to George and Emma who live down the street.

But the answer to your question is “no.” We do not provide any training or support for Chapter 11 bankruptcy. This is an area of bankruptcy that must be trained onsite at the office and only with the interaction of a licensed bankruptcy attorney. Therefore, you should seek CLE courses offered by your local Bar Association or online classes for attorneys regarding Chapter 11. You may want to start your research at http://www.abiworld.org I wish you the best of success.

SUMMARY

Keep those email questions and comments coming. Your feedback is what fuels ideas for me to write training articles and develop new training products. So please feel free to drop me an email anytime.

To keep up to date with 713Training.Com, below are some links you may want to check out:

Contact Us
http://www.713training.com/contact.html

Training Courses Developed by 713Training.Com
http://www.713training.com/courses.html

Special Combo Training Packages
http://www.713training.com/shop/cart.php?m=product_list&c=6

Law Firm Services
http://www.713training.com/law_firm_services.html

Subscribe to our RSS Blog
http://713bankruptcy.com/?feed=rss2

Introduction to Foreclosure Mediation
http://www.713training.com/shop/cart.php?m=product_detail&p=9

Free Bankruptcy Hangman Game
http://www.quia.com/hm/269213.html

Accredited Virtual Bankruptcy Assistant Exam
http://www.713training.com/avba/index.html

List of VBAs Who Passed the Exam
with Web Links to Their Websites
http://bkdirectory.clubexpress.com/

Ebook: How I Built 7 Businesses
The Truth About Building a Business with No Start-Up Money
http://www.713training.com/shop/cart.php?m=product_detail&p=36

How to Protect Your Business from Scams and Frauds
http://www.713training.com/shop/cart.php?m=product_detail&p=8

This announcement was published by Victoria Ring of 713Training.Com at http://www.713training.com

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