Petition Drafting Tips
Practical tips and techniques for drafting accurate Chapter 7 and Chapter 13 bankruptcy petitions.
41 articles in "Petition Drafting Tips"
Petition Drafting TipsTip: An Alternative to the Means Test
I am an attorney and I have a client that makes too much money for standard Chapter 7 even with the Means Test. I recalled that if debts are over 50 percent, one does not need to employ the Means...
Petition Drafting TipsBankruptcy Petition Tip for Means Test
This morning an attorney contacted me about a problem he was having with getting his Chapter 13 Plan to balance. I had him email me the petition so I could pull it into the software program and...
Petition Drafting TipsSave Time. Bankruptcy Petition Preparation Tip
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...
Petition Drafting TipsWhat is the Deal Breaker in Your Bankruptcy Petition?
a training lesson for professionals who prepare bankruptcy petitions
Petition Drafting TipsQuick Tip: When does a 401K Loan Become a Wage Garnishment?
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...
Petition Drafting TipsUpdate to Spanish Client Intake Forms
The Spanish Intake Forms have been updated. We added the 2 Page List of Documents that clients need to bring with them when they return the Client Intake Forms. This list was translated into Spanish...
Petition Drafting TipsBankruptcy Petition Prep Work Before Initial Input
I have been actively involved the past two weeks training new VBAs. One problem that all of them had was when I gave them a petition they immediately started entering the information into their...
Petition Drafting TipsDo Not Be Afraid to Request More Detail from Law Firms Who Send you Client Intake Forms that are Not Complete
- I started working for a Chapter 13 attorney for the first time today. I sent the attorney a set of personalized 713 Training Client Intake Forms but he already had 2 clients who had filled out his...
Petition Drafting TipsHow to Properly Record the Debtor's Jewelry on Schedule B of the Bankruptcy Petition
Almost every debtor filing bankruptcy will have some type of jewelry. But about 50% of them do not list the jewelry on their Client Intake Forms. Why? Because the average debtor translates the...
Petition Drafting TipsTips for Inputting a 401K on Schedule B
Because most debtors do not think about a 401K being an asset, they will normally only record the deduction for the 401K on their Income Page.
Petition Drafting TipsTips for Inputting Cell Phones on Schedule B
If a debtor has a cell phone, it is normally not listed under "Household Goods and Furnishings" on Schedule B. Unless there is no lien against it or the cell phone has a market value of $199 or...
Petition Drafting TipsA Quick Lesson in Bankruptcy Exemption Allowances
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.