Trustee Blog

same day payday loans Bankruptcy Partial Tax Refund

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As we approach the end of the year, keep in mind that tax season is around the corner. We are now in November and now chapter 7 trustees are starting to make claims on tax refunds that will not be due until the first of the year. So as you build your cases, keep in mind your client’s potential 2014 tax refund. payday loans online same day

Here is an example:

Last week I was in ...

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Bankruptcy Dependents and Tax Returns

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September 24, 2014

 

Chapter 7 Riverside Bankruptcy Trustee Karl Anderson was the Trustee the other day as I sat in the meeting of creditors room. As we have discussed in previous posts. Mr. Anderson is a CPA. As an accounting professional he is adept at interpreting the clients tax returns.

AS a reminder under 11 U.S.C. 521 the client or attorney must send the Chapter 7 trustee a copy of the most recently filed tax return at least 8 days before the ...

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Chapter 7 Trustee Lynda Bui Hearings

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Here are some tips for Chapter 7 Trustee Lynda Bui’s meetings of creditors. These are ideas that will assist you and your clients.

Riverside Chapter 7 Trustee Lynda Bui has a unique way to deal with continuances on her meeting of creditors calendar. If the 341(a) meeting is not concluded, then she will continue the matter to another day. The unique feature is that she asks counsel if he or she will waive notice of the continued hearing. If the counsel ...

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Over Bidders at Bankruptcy Auctions

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The other day I was speaking with Riverside Chapter 7 Trustee Todd Frealy. He said that he has been involved in several auctions for chapter 7 trustees where there have been “over-bidders” on the property. This means that the property the trustee collects that is not-exempt is then sold to bidders at an auction at a price that is more than expected. The Trustee will usually make a deal with the debtor to have the debtor “buy back” ...

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Bankruptcy Creditors at the 341(a)

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Last week at Riverside Chapter 7 Trustee Steve Speier’s meeting of creditors, there appeared a creditor for a case. The creditor had been to the hearing a few weeks before. At the previous hearing the debtor did not show up and the matter was continued one time. The creditor came back, but the debtor did not show up again.

Trustee Speier said that since the debtor did not appear twice, that he would ask the court to dismiss the case. The ...

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Efficiency and Best Case Bankruptcy Software

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 Building Your Bankruptcy Business through Best Case Software

Your bankruptcy business will grow through your marketing efforts and how efficiently you run your business.

Marketing allows you to bring in the clients, but working with clients efficiently will allow you to make more money from each client.

Most of us charge our clients a flat fee to prepare and file a bankruptcy petition with the court. Therefore it is important to work up the petition as quickly and accurately as possible.

The less attorney ...

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Bankruptcy Marketing: More Marketing to former clients

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Last week we talked about marketing to your former bankruptcy clients as a way to increase the referrals you receive for your bankruptcy  practice. We talked about asking for a referral just before the 341(a) meeting of creditors as the client will be in a frame of mind to listen to what you have to say. She wants the process to go smoothly, so she is in attention mode.  The following are other times to ask for referrals:

2.  Ask your ...

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Bankruptcy Marketing: Target Your Former Clients

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Bankruptcy Marketing to Former Bankruptcy Clients

If your bankruptcy practice is like mine, you meet many people each week who want to discuss their financial condition. Some of these people you retain as clients and some walk out the door. The clients you retain work with you for several weeks as they gather the financial information you need to draft their bankruptcy petitions. They pay you and your staff to prepare the case and you and your staff invest time and ...

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Real Property Prices are Increasing: Bankruptcy Attorney Beware

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Today at the Riverside Meeting of creditors, I spoke to Chapter 7 Trustee Charles Daff. Mr. Daff was a longtime bankruptcy trustee in Orange County, California and now is assigned to the Riverside Division of the Central District of California. Though he conducts hearings in the Inland Empire, Mr. Daff has an office in Tustin, California which is in the heart of Orange County, California.

Mr. Daff is also a real estate broker, he is the “bankruptcy broker” and has his ...

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False Social Security Numbers and Bankruptcy

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Recently I was in the meeting of creditors room on cases assigned to Riverside Chapter 7 Trustee Todd Frealy. The morning calendar started and several cases were heard with no problems. Then a series of spanish speaking debtors appeared and the hearings had to be done in Spanish. As you may know, an interpreter is provided to any debtor that requests one. This is done free of charge by the US government. Over 170 languages are available as the translators ...

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