Monthly Archives: March 2010

When Can You Cram Down a Car?

I’m often asked when a car can be crammed down in bankruptcy. First of all, what is a car cram down? When a debtor owes more on their car than it is worth, a cram down will “cram down” the … Continue reading

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What to Do When Only One Spouse is Filing Bankruptcy

It seems we have seen a run of married couples lately, where only one of the spouses in the marriage is filing bankruptcy.  Why is this an issue? When only one spouse in a married relationship is filing bankruptcy, and … Continue reading

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How VBAs Can Help Protect Their Attorneys

Virtual Bankruptcy Assistants (VBA’s) do a lot of things for the attorneys that they work for, not the least of which, is helping to protect them. This could be something as simple as protecting them from deficiency notices by just … Continue reading

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Protecting Your Attorney’s Interests

Virtual Bankruptcy Assistants (VBA’s) do a lot of things for the attorneys that they work for, not the least of which, is helping to protect them.

This could be something as simple as protecting them from deficiency notices by just doing a good job on the petitions prepared for him/her.

Taking this a step further, what about helping to protect your attorney from potentially fraudulent debtors that may have something to hide?

Recently I was working on a petition for an attorney where only the husband was filing a Chapter 7.

The debtor had a fairly unique name, and so I decided to do a Google search on his name.

As I perused the Google results, I came across something interesting…the debtor was listed as being a member of a yacht club, and was the owner of a 28’ yacht. It even listed the name of the yacht.

“Hmm”, I thought; “That boat isn’t listed on the client intake form”.

Before you read on, think for a moment about what you would do. Here is what I did… Continue reading

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PayPal Accounts and Bankruptcy

We had an interesting situation this week that turned out badly for the debtor. We had trustee request information from the debtor in regards to a PayPal transfer of $1,000 the day before the debtors bankruptcy petition was filed. What … Continue reading

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