Written by Clay Holland on July 31, 2009 – 3:58 am
When you are preparing the bankruptcy petition, DO NOT select exemptions for assets on Schedule A and B until AFTER the bankruptcy petition is complete. This is due to the fact that as you work through the data, gathering information for the bankruptcy petition and inputting it on the correct Forms and Schedules, you [...]
Written by Clay Holland on July 31, 2009 – 2:50 am
a training lesson for professionals who prepare bankruptcy petitions
In my opinion, there is a deal breaker in almost every bankruptcy petition that I am involved with. What do I mean by a deal breaker? It is the one debt or asset that causes one unique problem within a bankruptcy petition to create a [...]
Written by Victoria Ring on July 30, 2009 – 11:20 pm
Today I was doing a bankruptcy petition review for a virtual bankruptcy assistant prior to giving the petition to her attorney. One mistake she made was in listing the 401K Loan as a Wage Garnishment. Since many people make this same mistake, I hope this article will help you to improve your skills.
First of [...]
Written by Victoria Ring on July 29, 2009 – 4:23 am
QUESTION:
My attorney sent me a credit report to get debt information from. Many debts on the credit report show a $0.00 balance. Does this mean the debtors do not owe the debt?
ANSWER:
When a credit report shows a debt owed to a company with a $0.00 balance it could mean the debt is paid [...]
Written by Victoria Ring on July 26, 2009 – 1:06 am
http://713training.com/seminar/
ONLY 8 SEATS LEFT
The August 14, 2009 Chapter 13 Training Seminar is the third one we have held for attorneys and virtual bankruptcy assistants working in debtor bankruptcy law. The location for this one, scheduled to be held in Los Angeles (El Segundo) was found for us by a VBA, Phyllis Mortimer, who will [...]
Written by Victoria Ring on July 25, 2009 – 9:29 pm
QUESTION:
I am a mortgage broker and often have clients who need to file bankruptcy. Could I provide that service to them or does it have to be done through an attorney? I have an extensive background in all kinds of financial services. Thank you for your time.
Suheil
ANSWER:
No, the law was changed in 2005 to [...]
Written by Victoria Ring on July 22, 2009 – 8:42 pm
At this point in time, all bankruptcy software programs were written by programmers who have never had any experience preparing bankruptcy petitions. Therefore, I think it would be good business practices that the software companies listen to the bankruptcy professionals who purchase and use their software in order to obtain ideas for software improvement; [...]
Written by Victoria Ring on July 20, 2009 – 9:20 pm
First of all, allow me to congratulate all the people who have been working hard to pass the VBA Exam and the Chapter 13 Concepts Exam in an effort to enter our VBA Intern Program. Several people are in various stages of the Exam process and we will continue adding Interns as the workload [...]
Written by Victoria Ring on July 16, 2009 – 8:27 pm
Date: August 14, 2009
Place: Hacienda Hotel, 525 N. Sepulveda Blvd, El Segundo CA 90245
More Information: http://713training.com/seminar/
To Register: http://www.713training.com/shop/cart.php?m=product_detail&p=100
Matthew Williamson is an attorney at law in California, with offices in Monterey and Santa Cruz. He received a B.A. Degree in Political Science with highest honors from California State University, Chico. He earned [...]
Written by Victoria Ring on July 11, 2009 – 10:13 pm
Did you know that you can use PACER to obtain more recent bankruptcy statistics than the American Bankruptcy Institute? I kept checking www.abiworld.org for the past 6 months, waiting on the statistical data for the first quarter of 2009. In July 2009 I decided there had to be bankruptcy statistics somewhere that covered [...]