Bankruptcy filings have begun to level off after a dramatic increase the past few years. What used to be "plenty of clients to go around" is now tough competition to get clients in the door. Bankruptcy attorneys are looking for ways streamline their practices and lower costs while still providing the same level of service and complying with due diligence requirements.
Learn about how the process works best when you retain the services of a virtual assistant.
Linda Rantz is a paralegal working for bankruptcy lawyers in different districts and time zones. Meeting each attorney’s preferences and each district’s requirements has resulted in using multiple bankruptcy programs, online tools, and fee-based information providers. Second only to "what do you charge?," the most frequently asked questions I get from attorneys are about comparisons of bankruptcy software and due diligence tools. From these questions and conversations, the idea for this blog emerged.
How much of the attorney’s fee should go to pay for due diligence services? What gives the biggest bang for your buck? Which is the ‘best’ or easiest bankruptcy software program? Is online data entry for clients worthwhile? Should in-house staff use the internet to gather background reports or is it more cost-effective to pay for a service?
I do my best to give you my tips and ideas about due diligence products that you will find helpful in your practice.
DISCLAIMER from the Blog Owner:
I am not licensed to practice law or give legal advice. This blog is not intended to be a source of legal advice, even though some of the comments posted may be made by licensed attorneys. If you are seeking legal advice, please contact an attorney or law firm.
All statements posted by me on this site are strictly my opinion and should not be misconstrued as advice, legal or other, on how to research, prepare, file, or in any way complete a bankruptcy petition or file for bankruptcy.