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Differences in Bankruptcy Jurisdictions

While bankruptcy is Federal law, the United States is broken up into nearly 100 different bankruptcy jurisdictions, providing a local jurisdiction for all of the residents of the country.This allows each state, and often multiple areas within the state, to have input into how bankruptcies within their boundaries are handled, based on local conditions. [...]

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How to Boost Your VBA Income

When contemplating how to boost your VBA income, consider what it is about the traditional VBA service that is valuable to the attorneys you do petition preparation for.As you know, Virtual Bankruptcy Assistants save their attorneys hours and hours of time per petition, and make them more profitable, by allowing them to hire your when [...]

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Some Recent Bankruptcy Petition Q&A

We wanted to share some recent questions and answers with you, so that all could benefit. Thanks!-The 713 Training TeamJoin our LinkedIn group:www.linkedin.com/companies/713training.com-llcFollow us on Facebook:www.facebook.com/pages/713Trainingcom/112903945407672 Follow us on Twitter:www.twitter.com/713TrainingQUESTION:I have a debtor that owns property that he is renting out to his son.  The mortgage is $2,000.00 per month and the rent he is [...]

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Why Reaffirmation Agreements are Important

When a debtor files bankruptcy, what happens to their creditors?  There is an automatic stay put in place pending the outcome of the debtors’ case, right?  Not necessarily.Most debtors in bankruptcy have at least one car that they use to get to and from work, to transport their family, etc., and this family car usually [...]

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Troubleshooting Chapter 13 Plan Problems

Our office often receives calls about Chapter 13 bankruptcy petitions from people that are struggling with one thing or another in the Chapter 13 Plan, and can’t seem to resolve it.What we usually find, is that because it is a Chapter 13 petition, that people tend to panic, and overlook the basics.This week we received [...]

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A Single Mother's Perspective on the Virtual Bankruptcy Assistant Business

This past week, I had the pleasure of doing some personalized training with Jennifer Tharp of Palm Coast, Florida. Jennifer has been in business for herself for about 6 years as a notary signing agent, and is expanding into bankruptcy so that she can work from home, as she is a single mother of [...]

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What to Do When You Have Missing Pay Stubs for a Bankruptcy Petition

It’s difficult to believe that it’s been almost 2 weeks since I started packing for the 713Training seminar in Atlanta, GA, but it has. On Day 1, we covered marketing and how to get business, and on Day 2, we held bankruptcy petition training, with a focus on Chapter 13’s. For those that weren’t able to attend, [...]

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Where is the “Catch” in the Virtual Bankruptcy Assistant Business?

One of the services offered by 713Training.com is personalized one-on-one training with a dedicated instructor.On April 9th, Michael Hastings of Denver, Colorado came out to Salt Lake City, Utah for this training.  Michael has been investigating the VBA industry for quite some time, and came out for training to finally decide if this is the [...]

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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 [...]

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Does a Petition Expire?

Does a bankruptcy petition really expire?  Yes…sort of.What this is referring to, is the fact that a bankruptcy petition is a snapshot in time, of the debtor’s financial situation.Schedule I reflects the current or most recent income (or lack thereof), and the Means Test (Form 22a in a Chapter 7 or Form 22c in a [...]

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