NABT Introduces Trustee Mentoring Program

NABT Introduces Trustee Mentoring Program The NABT recently announced the introduction of a new Trustee Mentoring Program to help new Chapter 7 trustees learn from their more experienced peers. The Program is open to newer Chapter 7 trustees irrespective of whether he or she is a member of NABT.  This is a wonderful opportunity to..

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Consolidate Debtor Attorney Records in CaseLink

Trustee Tip: Consolidate Debtor Attorney Records in CaseLink What do you do when a new case gets assigned to you and you notice the Debtor Attorney name does not match any existing records in CaseLink? Rather than immediately creating a new record for the “new” Debtor Attorney name, check to see if they are already..

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A Creditor Returned Funds. What to do next?

Compliance Tip: A Creditor Returned Funds. What to do next? You receive a check back from a creditor who had recently been paid in a case distribution. This type of situation typically occurs when a creditor realizes that they had written off the amount as a loss. So what do you do next? The proper..

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2012 US Bankruptcy Filings Continue Downward Trend

Industry Update: 2012 US Bankruptcy Filings Continue Downward Trend The 1,261,140 bankruptcy petitions filed in 2012 represent a 14 percent decline from the previous year’s total of 1,467,221 and continue the downward trend since the high in 2010 when individuals and businesses filed1,596,355 petitions. Compared to 2011, Petitions filed under Chapter 7 in 2012 decreased by 16 percent..

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Use Electronic Payments to submit funds to Courts or IRS

Trustee Tip: Use Electronic Payments to submit funds to Courts or IRS One Trustee found out the hard way that traditional paper checks were no longer accepted at his court when his unclaimed funds check was returned to him. The latest Handbook includes exemptions that allow for payments to Courts and the IRS to be submitted electronically:..

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Adding Additional Users for TrustWorks Online

TrustWorks Tip: Adding Additional Users for TrustWorks Online Each TrustWorks Online user must have their own unique user account and password – this information is never to be shared. TrustWorks Online has been designed to track the activity of each user which means each account can only be used by one individual at a time. If everyone in the office..

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Raving Fan feels like She’s Home Again after Switching Back to BMS

Raving Fan feels like she’s Home Again after Switching Back to BMS BMS client, Judy Cole – a trustee assistant in Rochester, NY, tells us how excited she is to be back with BMS. “We moved away from BMS to move to a no-fee bank like many other offices in our district. Not having the..

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New Members of the BMS Family

New Clients Q1 2013: New Members of the BMS Family 12 clients recently joined our family and now have the BMS Advantage. We welcome the following new clients to the growing BMS family: Cheryl Bergian – Fargo, ND Roberta Dunlap – Evansville, IN Peter Furman – New York, NY Alfred Giuliano – West Berlin, NJ James Lanik – High Point, NC Richard Laski – Pasadena,..

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