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28th November 2006

Seminar Report – Nov 28, 2006

REPORT ON MERCER COUNTY BAR CLE CONFERENCE

Angie Boyd and I left Columbus, Ohio on Tuesday, November 28, 2006 and drove to East Windsor, New Jersey. The drive was very relaxing and enjoyable. The Pennsylvania turnpike runs through the Appalachian Mountains and the views are absolutely stunning.

The conference was also a rewarding experience. Although we did not sell any products, we did make a lot of contact with bankruptcy attorneys. Their reaction was positive and they were very interested in learning more about the possibility of hiring virtual bankruptcy assistants.

Every bankruptcy attorney was handed a plastic bag (imprinted with the 713Training.Com name). Inside was a bookmark, ink pen, memo pad, $10.00 off coupon, magnet, business card, brochure, flyer and newsletter. For the attorneys who seemed to be very interested in our products and services, Angie provided a free copy of the new book: How to Increase Profits for Your Law Firm.

A Marketing Tip for You

Living through the experience of actually being a sponsor and exhibitor at a CLE conference for attorneys, I can tell you from experience that it is an excellent marketing approach for you to use in your own business. Here are some suggestions for you:

1. Contact your local and state bar associations and ask them something like: Do you offer any type of opportunities for exhibitors at upcoming conferences and seminars?

2. Go online and type in the search words: “bankruptcy conferences” to locate other meetings and conferences where bankruptcy attorneys attend.

3. When you locate a meeting or conference that will allow you table space, purchase the space and hand out your materials. Brochures, business cards and pens seem to be the most popular hand out items.

This is a very easy, convenient and low-cost method of marketing your services to bankruptcy attorneys and get your services known in the area. I wish you the best of success.

Victoria Ring, CEO
713Training.Com
http://www.713training.com

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17th November 2006

Bankruptcy Petition Drafting Tip 5

The information contained in this article is solely intended to increase the skills of paralegals and other legal staff who are employed virtually or non-virtually by bankruptcy attorneys. This information is NOT taught in any law school or paralegal training course.

WARNING: This information is not to be used by non-attorneys to prepare bankruptcy petitions for the general public. The information is solely intended to train legal professionals working under the direction of licensed bankruptcy attorneys.

Bankruptcy Petition Drafting Tip 5

Our attorney had a client that was in the middle of filing a Chapter 7 when her employer promoted her to full-time pay. At the time she originally filed her petition she was only working part-time.

When we entered her new income information into Schedule I, the Means Test automatically recalculated and placed her into a Chapter 13. In fact, her increase in income placed her $3,008.00 over the median.

But thanks to the changes in the bankruptcy law, we were able to go into the Means Test and fill out the remaining tabs. Once we entered the debtor’s information for the taxes deducted from her check and the additional school expenses for her dependent children, the Means Test adjusted and qualified her for a Chapter 7.

The moral of the story is this: If you only fill out the first 2 tabs within the Means Test Form and the debtors do NOT qualify for a Chapter 7, you need to enter the data in the remaining tabs (such as: Living, Housing, Car, Necessary, Additional, etc.) The data you enter can be found in Schedule I and J. Normally, this will change a Chapter 13 to a Chapter 7 (depending on the circumstances of course.)

And do not be afraid to ask your attorney for help if you have trouble understanding where the figures go on the Means Test. The point is that you should give it your “best shot” and then send to the attorney to review with you over the phone.

If you are afraid to speak up and cause debtors to go into a Chapter 13 (who do not have the financial ability to do so), you will not only cost the attorney and court $1,000s of dollars, but you could be taking money out of the hands of poor people who need it to survive unless the attorney catches your error and recalculates the Means Test him or herself. Your job is to make life easier for your attorney, not cause him or her to spend more time than is necessary.

AUTHOR BIO:

Victoria Ring is a Certified Paralegal and Bankruptcy Specialist. She has developed an entire line of training products and holds several seminars per year in drafting bankruptcy petitions. Her training materials have been approved by NFPA for 11 CLE credits. Additionally, Victoria Ring provides speaking and in-house training services for bankruptcy law firms. Visit her website at http://www.713training.com

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11th November 2006

Bankruptcy Petition Drafting Tip 4

The information contained in this article is solely intended to increase the skills of paralegals and other legal staff who are employed virtually or non-virtually by bankruptcy attorneys. This information is NOT taught in any law school or paralegal training course.

WARNING: This information is not to be used by non-attorneys to prepare bankruptcy petitions for the general public. The information is solely intended to train legal professionals working under the direction of licensed bankruptcy attorneys.

Bankruptcy Petition Drafting Tip 4

Exemption Allowances Vary From State to State

Today we had an Arizona bankruptcy petition to draft and we found the exemption allowances were much different from Ohio. For example, the home exemption was $100,000 compared to Ohio, which is only $5,000 per person. Additionally, our Arizona attorney told us that Arizona does not allow reaffirmations. So we had to change “Form 8 Intention” to “Property is claimed as exempt (avoid lien).” In Ohio, a reaffirmation agreement is demanded by the creditor and a great importance is placed on this document but in Arizona reaffirmations are not needed at all.

The moral to this story is that exemption allowances will vary from state to state, and sometimes, district to district within the same state. The best thing to do is to establish an open communication between yourself and the attorney you are working for. Never assume anything. Gather up your attorney questions and call to schedule a time you can talk with him about the case. During that time, ask the questions about exemptions or other areas of the law so you can understand how to prepare better petitions for him or her in the future.

If you are afraid to talk with your attorney freely and ask them questions, you need to find a paralegal (or other authority working directly under the attorney) to build this open communication with. Even I have to call attorneys and discuss these topics when we are working with an attorney in a state we have never prepared petitions for. It is better to ask a question and get the right answer now, than to let the mistake go through and embarrass the attorney when he or she is in court.

AUTHOR BIO:

Victoria Ring is a Certified Paralegal and Bankruptcy Specialist. She has developed an entire line of training products and holds several seminars per year in drafting bankruptcy petitions. Her training materials have been approved by NFPA for 11 CLE credits. Additionally, Victoria Ring provides speaking and in-house training services for bankruptcy law firms. Visit her website at http://www.713training.com

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9th November 2006

Seminar Report – Nov 2006

As a member of the National Speakers’ Association, I was asked to speak on November 9, 2006 at the NAPO-Ohio business luncheon in Worthington, Ohio. NAPO stands for the National Association of Professional Organizers.

I had never heard of a “professional organizer” before I met the group of 62 people today. I found out that professional organizers are utilized in a wide variety of tasks. From organizing closets in residential homes to organizing corporate operations for business customers. I was very honored the group asked me to speak.

I was scheduled to speak at 12:45 (right after lunch), so I arrived around 11:30 so I would have the chance to network and find out more about the people. This enabled me to know what level of training I could start at when speaking to the group. After talking with them for awhile, I discovered they already started their own businesses. In fact, about half of the group had been in business for 5 years or more. So, instead of talking about how to start-up a business, I could advance to other levels of running a business and marketing services.

Many of you may not realize that marketing is marketing. There is no difference whether you are marketing a professional organizing service or a virtual bankruptcy service. You use the same marketing tools over and over again. I talked about targeting your audience and I brought up major mistakes I made in the past by not following this advice. I then explained how to target the audience and think like your customer so you can provide them with the services they need.

I also covered how customer service is the most important tool in running a service business. One way to accomplish this is to send a Christmas card to all your customers and thank them for their business during the past year. Of course, many of you are not at that stage yet because you are just beginning to build your virtual bankruptcy service, but for the professional organizers who already had an established customer base, this information was important.

I even took the group to the next level by getting into the mindset of the customer regarding the reason why people buy your services. In the majority of instances, people do not buy services because they are necessary purchases to their ultimate survival. People purchase services because they believe they “need” them – not simply because they “want” them.

After speaking for about 1 hour on a variety of other topics, I opened the floor to questions. One of the professional organizers in the group was a notary. She was amazed to find out the mobile notary field existed. Another organizer in the group was an attorney. She did not practice law on a daily basis, but rather, she was a professional organizer for people who wanted to establish Wills and Trusts. She also organized their finances and advised her clients on a variety of investments and other money-building techniques.

I met with the attorney after the meeting and although she was not interested in starting a bankruptcy practice she did have a few ideas and suggested we get together for lunch. We exchanged business cards and will set up a meeting soon.

Suggestion:

I urge every one of you to seek out meetings in your area relating to bankruptcy. Here in Columbus, Ohio, the Columbus Bar holds meetings several times per month. It is easy to sign up and attend even if you are not a member. For luncheons I only paid $5 or $6 and that price included lunch. For other meetings I have paid $25 or $30 but I networked with attorneys and paralegals and normally always picked up some extra work.

I also urge you to send your resume to bankruptcy attorneys in your area. Apply to work for them on a full-time or part-time basis so you can get the experience “behind the screens.” This is the best education you can have to properly own and operate your own virtual bankruptcy business. As I have said many times before: “If you want to open a pizza shop – learn how to make pizza. If you want to open up a service business for attorneys – go work for one.” Understanding the mindset of your customer (in your case, the attorney), you can properly market your services to your customers because you understand their needs.

Like I said before … you can only sell services to people who “need” them. If you do not understand those needs, you will waste time shooting around in the dark and possibly never have any success.

Oh, by the way … the attorney told me she had recently heard about the virtual assistant industry. This is fantastic news for all of us. When the legal industry becomes more aware that virtual services exist, the faster the industry will grow. All of you starting out today will be in a position to make a great deal of money in the future and achieve great success. This is just the beginning. The future looks very bright. So hang in there.

Victoria Ring, CEO
713Training.Com
http://www.713training.com

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