- A hodgepodge of information relating to the needs of virtual bankruptcy assistants nationwide
QUESTION:
I need to order a personalized set of Client Intake Forms. Once completed, can I receive them via email so I can post them on my website? Also, can I change them myself to personalize them for each of my prospective attorney clients?
ANSWER:
Yes, the personalized client intake forms are provided in PDF format so you can review them and post them on your website for attorneys to download.
If you want to have the ability to personalize them for your attorneys, you will need either one of these software programs: (1) Adobe Acrobat Professional or (2) Adobe PageMaker.
I can sell you a master software file for personalization. You make the changes in PageMaker, then export to Adobe PDF. If you use Adobe Acrobat, you will erase the information at the bottom of each page and replace with the attorney's information, then save the file under another name and send it as an attachment to your attorney.
Simply let me know which software program you have or plan to use for the personalization and I will be happy to sell you the master file for $100.00.
QUESTION:
I just finished going through the Petition Preparation Training CD's again, and I have a question: If the debtors possess a leased vehicle, does it go on both Schedule B and Schedule G?
By the way, I was hesitant to buy the CDs initially because I have to watch my pennies with this new business; but now that I've used them, they are worth every cent. I am glad I made that investment in my business.
ANSWER:
Thank you for the compliment about the training CDs. I am very happy they helped you with learning how to prepare a well-detailed bankruptcy petition. You will find that this level of training will bring you many years of satisfaction earning a high level of income. Besides, I continue to work in the field right beside all my students so I can keep in touch with your experiences and pass along everything I learn also.
To answer your question about the leased vehicle, you are correct! Because the leased vehicle is in the possession of the debtor, it is an asset that needs to be listed on Schedule B. The market value though is only $1.00 since the vehicle is not technically owned by the debtor until they buy out the lease. Then, the vehicle lease is recorded on Schedule G. Just remember to record the lease payment on Schedule J in with the monthly expenses. Keep up the good work.
QUESTION:
Regarding student loans, I was going through my notes and have a conflict. In your book it states that student loans are listed on Schedule E unsecured priority loans. I noticed my notes say different. They say student loans belong on Schedule F. I need clarification on this.
ANSWER:
The confusion with the placement on the petition for the student loan lies in the ongoing changes and tweaking of the bankruptcy law. This was something the courts went back and forth about and after many weeks of litigation, no specific decision was reached. Therefore, you will need to ask the attorney which Schedule they prefer you put the Government-backed student loan on. However, remember that not all student loans are government backed. Some are loans obtained online for online courses. In this case, they would be listed on Schedule F. But government-backed loans (which were always listed on Schedule E) are now determined by the individual state. So, when you come across one, I suggest you go ahead and list it on Schedule E, then make a note on your Attorney Cover Sheet pointing out that you placed the government-backed student loan there. If the attorney wants it moved to Schedule F, you can change it before the petition is filed.
QUESTION:
Thank you, this is Patrick Campbell. Allison is my girlfriend who bought the book, "How to Start a Virtual Bankruptcy Assistant Service" for me and I must say it has been very helpful. Thank you for one, being diligent in making sure this product was sent correctly, and two, for writing such a helpful book.
Ready to start earning income drafting bankruptcy petitions from home? See our online bankruptcy petition training courses at www.713training.com. You can also join our online community at www.navba.org.