713Paralegal LLC

Why Hire a Virtual Bankruptcy Assistant?

Phone: 702.750.2775

Toll free: 800.822.9434

Fax: 702.750.2771

E-mail: hilary@713paralegal.com

Utilizing a virtual bankruptcy assistant (VBA) is similar to employing a secretary, paralegal or temporary employee except that a VBA works remotely instead of in your office.  A VBA will assist you in keeping your office running smoothly, allowing you and your office staff more time to devote to more important matters.

The example below shows the estimated time that can be saved by utilizing a VBA for your petition preparation needs:

                                                                    In House Preparation                Outsourcing to a VBA

Client Intake Interview                              1 hour                                         .5 hours

Document Preparation                               1 hour                                         0 hours

Draft Petition                                             2.5 hours                                     0 hours

Phone calls/Follow up                               3 hours                                        0 hours

341 meeting                                                .5 hours                                      .5 hours

Total time spent                                         8 hours                                        1 hour

Let’s assume that both attorneys charge $1200 for a Chapter 7 petition.  The attorney who prepares his own petitions earns an average of $134 per hour, before expenses.  The attorney who chooses to outsource his petition preparation averages $1200 per hour.  This attorney increases his hourly earnings by almost 900% to $1200 per hour before any expenses.

You can see that outsourcing your bankruptcy petition preparation will not only save you  money, but it will also:

· Eliminate petition preparation time

· Eliminate client intake time for most of your clients

· Relieve your office staff from the heavy workload that are currently under

· Reduce overhead costs, reduce the need for additional office staff and maintain better control of your budget

· Reduce unnecessary client phone calls to your office.

You will receive efficient and consistent preparation services as you and/or your designated staff member works one-on-one with your petition preparer.

 

 

 

 

713 Paralegal LLC