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…

Because we are at the end of a month, and I am running into some bankruptcy petitions that are expiring, I felt it an appropriate time to write an article about this subject.
For starters, does a bankruptcy petition really expire?  Yes…sort of.
What this is referring to is the fact that a bankruptcy petition is a [...]

The problem: There is not enough left over for the debtors to make a Chapter 13 Plan payment.
I talked with an attorney today who said:  For a Chapter 13 Plan, I thought all I needed to do was take the amount left over between Schedules I and J and this was the Plan payment.
Unfortunately, [...]

Dear Victoria Ring:
Thanks for all you do.  And I appreciate the information you provide to us.  I just wanted to add that I currently work for a major bank.  I work with borrowers with defaulted business loans.  And let me tell you that on a lot of the deals we have, I have seen quite [...]

The following questions and answers were submitted to 713Training.Com either at a teleconference or by email during this past week. The answers are provided by Victoria Ring who is not an attorney.  Therefore, the information provided in this material is for training purposes only and no whole or part should be regarded as legal advice.
DEAR [...]

The following questions and answers were submitted to 713Training.Com either at a teleconference or by email during this past week. The answers are provided by Victoria Ring who is not an attorney.  Therefore, the information provided in this material is for training purposes only and no whole or part should be regarded as legal advice.
QUESTION
How [...]

NEW AMENDMENT PROPOSED FOR MORTGAGE CRAM DOWN BILL
VOTE TO BE TAKEN BY THE HOUSE BEGINNING WEDNESDAY, DECEMBER 9
a report published by Victoria Ring, 713Training.Com
The following information was brought to my attention by Corvi Urling, a financial professional who attended our teleconference on Dec 8, 2009:
H.R. 4173, the Wall Street Reform and Consumer Protection Act will [...]

http://www.713training.com/shop/cart.php?m=product_detail&p=114
by Victoria Ring, 713Training.Com
When I first learned of a Motion to Avoid Secure Lien and Strip Second Mortgage I was doing a petition review for an attorney.  I was told that many courts are requiring that the attorney file a Motion to Avoid Secure Lien along with the Chapter 13 Plan if they intend to [...]

Frederick Roglevy, the attorney developer for New Hope Software, is the first company to acknowledge the VBA industry. Because of this, I believe that as VBAs and attorneys, we should support New Hope and recommend it to others.
Frederick Roglevy has demonstrated his support for our VBA industry by:
1.  Developing software that incorporates the needs of [...]

Prior to recessing, Senator Whitehouse (Democrat-Rhode Island) introduced S. 1624, designed to amend Title 11 of the Bankruptcy Code to provide protection for medical debt homeowners; to restore bankruptcy protections for individuals experiencing economic distress while serving as caregivers to ill, injured or disabled family members; and to exempt debtors whose financial problems were caused [...]