Dallas,TX (PRWEB) October 02, 2011
Reed Allmand, the managing partner of Allmand Law (http://www.allmandlaw.com) is scheduled to speak at the National Association of Consumer Bankruptcy Attorneys’ (NACBA) October 29, 2011. Allmand will make a presentation, “Fundamentals: Getting the Best Bankruptcy Results for Your Client” at The Broadmoor Resort in Colorado Springs, CO. The class begins at 8:30am and will last for two hours.
Doing your due diligence to gather information and documents, filling out those darn forms, organizing your practice to keep track of all the stuff and making sure nothing falls through the cracks, audit proofing your file, listing all the creditors, getting it right the first time.
Bankruptcy attorneys who attend the two hour presentation will learn what it takes to organize and effectively run their bankruptcy practice so that clients benefit the most. Many in experienced attorneys make administrative mistakes leaving some cases vulnerable to audits which are randomly chosen by the bankruptcy court. According to Allmand, some the biggest mistakes made by new bankruptcy attorneys include:
- Failing to place all creditors and debts on the bankruptcy petition. The amount of mistakes in this area can be reduced if the bankruptcy attorney confirms the names of creditors and debt amounts. Minding the details of creditors and debts is important, especially if the bankruptcy attorney is randomly audited.
- Failing to fill out the bankruptcy petition in a professional manner. New bankruptcy attorneys should study how petitions are prepared in their jurisdiction so that they can avoid annoying a bankruptcy trustee because their petition deviates from the accepted standard.
- Failing to properly serve both creditors and the bankruptcy trustee. While it is now the norm to file bankruptcy petitions electronically, bankruptcy attorneys must also mail a hard copy of the petition to the trustee before they attend the meeting of creditors. Some inexperienced bankruptcy attorneys are turned away from the meeting of creditors because the trustee didn’t receive their bankruptcy petition via mail.
- Failing to list all assets on the bankruptcy petition and then having a client surprise the trustee at the meeting of creditors. Bankruptcy attorneys should review the asset list with their client before the meeting of creditors and ask the debtors if they have left anything out. The bankruptcy attorney should emphasize the fact that nothing can be concealed from the court. Right before the meeting of creditors the bankruptcy attorney should ask the debtor if they’ve forgotten to include anything on the petition, by doing this the attorney can avoid surprises popping up during the talk with the trustee.
- Failing to remain organized and/or losing documents. Bankruptcy cases can become colossal whirlpools of paper. That’s why it’s important that bankruptcy attorneys implement organizational strategies that have been proven to work; but that also mesh with their personality of their firm.
Reed Allmand has crammed into two hours many tips and suggestions on how to avoid first-time bankruptcy attorney mistakes and how to audit proof each case. The NACBA Conference also includes other presentations for both new and experienced bankruptcy attorneys.
Reed Allmand is a Board Certified Consumer Bankruptcy Attorney, the managing partner of the law firm Allmand Law and NACBA’s State Chair for the Northern District of Texas. He has been practicing bankruptcy law for nearly 10 years and has handled more than 3,000 bankruptcy filings. Allmand has appeared on “Money for Breakfast” on Fox Business News and is the author of “The Truth about Bankruptcy.” To speak with Mr. Allmand or to schedule an interview, please call (214) 265-0123.