Welcome to BankruptcyLawyerAssistant.com
The official website of
SIDNEY W. FINDLEY
Certified Virtual Bankruptcy Assistant
What is a virtual bankruptcy assistant?
The Virtual Bankruptcy Assistant (VBA) is relatively new to the legal field. It was started in 1999 by Victoria Ring a certified paralegal. Her firm 713Training.com LLC is the only organization to offer training and accreditation specifically for preparing bankruptcy petitions. 713Training.com LLC courses have been approved for Continuing Legal Education credit by the Ohio Supreme Court.
In order for an individual to receive the designation Certified Virtual Bankruptcy Assistant (CVBA) he/she must pass a comprehensive 15-part examination on the preparation of bankruptcy petitions.
VBAs are highly skilled independent business owners who prepare Chapter 7 and Chapter 13 bankruptcy petitions exclusively for Licensed Attorneys. They do not work for the general public and they do not give any legal advice.
Some advantages of using a virtual bankruptcy assistant:
•Increase the firm’s gross profit per case.
Following is an example of a chapter 7 case:
Attorney fee - $2,000.00. ($299.00 filing fee not included)
Less: VBA fee - $300.00.
Gross Profit to law firm - $1,700.00.
Attorney’s time spent with client for obtaining Retainer Agreement, obtaining client intake forms, reviewing petition and attending the 341 meeting approximately 2.5 hours.
Approximate gross profit per hour - $680.00. This is an example since each case will be unique.
•Most VBAs work from their home offices and are not limited to normal office hours. This allows them to complete a petition with almost no interruptions. The result is fewer mistakes and an acceleration in the turnaround time required to complete the petition (usually in 3-4 days).
•VBAs are independent contractors. This means the attorney is not required to withhold income tax, Social Security, Medicare, health insurance and various additional state and local taxes. VBAs take care of all of the above, plus, at their expense, supply their own office equipment, computers and software. They also charge a flat fee for their services (this flat fee is not fee sharing).
•100% Guarantee - No financial risk for the law firm. If the attorney is not satisfied with the work he/she is not required to pay the VBA.
