Category Archives: Bankruptcy Q&A

Perks of Working from Home

The percentage of employees who are now working from home or another remote location is steadily increasing.  Now that you are working from home as a Virtual Bankruptcy Assistant you can see firsthand some of the perks of working from … Continue reading

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One-On-One Training

Do you want one-on-one time with a virtual bankruptcy assistant expert who can teach you how to better prepare petitions, run your business, and market your services? You are not alone! We frequently receive calls and emails from VBAs wanting … Continue reading

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Best way to Bill Attorneys

One of the questions we frequently get asked by VBAs at www.713Training.com is- What is the best way to bill Attorneys that we are preparing petitions for?  In the past we would bill attorneys twice a month and just wait for the … Continue reading

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Retirement Accounts – Estate Property?

If you’re working on a case where the debtor has a large trust or retirement account, you will want to be aware of how to manage the accounts in regards to schedule Schedule B.  Many debtors will worry about jeopardizing … Continue reading

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Discharging Taxes in Your Bankruptcy

When declaring bankruptcy, sometimes it is helpful include tax debt in your bankruptcy petition. In order to be able to discharge your taxes however, it is essential that these criteria are met. 1. The IRS has not recorded a tax … Continue reading

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Which Schedule Do I List Rental Income In?

Recently we received a question from one of our VBAs (Virtual Bankruptcy Assistants) about reporting the rental income and mortgage debt of a client and which schedule to report them in. The scenario goes as follows: The debtor owns property that … Continue reading

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Documents to Provide for a 314 Hearing

Your client is scheduled for a 314 hearing. There are several documents that they will need to provide before the hearing takes place in order for the process to go through. TEN DAYS BEFORE THE HEARING It is important that … Continue reading

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Removing Your Bankruptcy From Credit Reports

Steps to Removing Your Bankruptcy Go Check out our latest article on 713Training.com  and learn how it may be possible to have bankruptcies removed from a credit report.

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What is a VBA’s Going Rate?

  VBA’s Going Rate Explained   Now that you have become a VBA, the all-important question of income comes up. What is a VBA’s going rate? What is the amount per petition? First, Virtual Bankruptcy Assistants (VBAs) get paid by … Continue reading

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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 … Continue reading

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