“Dear Angie”: Converted Assets from Ch. 11 to Ch. 7

Welcome to “Dear Angie,” our new column featuring BMS Sr. Account Manager, Angela Vitale, answering your bankruptcy and software questions! BMS Account Managers are an extremely valuable resource to your practice with bankruptcy expertise and software know-how, and they are only ever a call or email away. Check out Angie’s latest Q&A below discussing converted..

read more →

Recent Rulings: Goods “Received” Upon Physical Possession

According to a recent ruling by the U.S. Court of Appeals for the Third Circuit, goods provided to debtors by trade creditors are counted as “received” upon physical possession by the debtor – not when the goods are first shipped or in transit. This ruling further defines Section 503(b)(9) of the Bankruptcy Code, which gives..

read more →

Five Tips to Avoid Curveballs in Your Field Exams, Audits and TIR Reviews

Whether it’s a field exam, audit, or TIR Review, of course you want to perform well. But don’t sweat it—take a step back, breathe and relax, and let these tips help you swing for the fences during your next audit. Check out 5 tips to avoid curveballs in your next field exam below: 1. Print your TIR..

read more →

While the Sun Shines: Schedule Reminders for Quarterly Reports

As stated in the adage, “Make hay while the sun shines” – stay on top of your quarterly reports and stay compliant! Set up recurring reminders to complete these reviews to stay in compliance with the Handbook, plus check out the some tips below to complete your reports in a flash in CaseLink! The Chapter 7 Handbook requires..

read more →

On A Rainy Day: Trustee Errors to Avoid During Audits, Field Exams & TIRs

Don’t let audits, field exams, and TIRs rain on your parade! We’ve compiled a list of top trustee errors to avoid during these critical reviews so you can shine on no matter what. Plus, in CaseLink you know you’re covered with features designed to catch these errors and keep you compliant. For a complete list..

read more →

Clean Up Professionals this Month for Easier 1099 Filing

Get a head start on a stress-free 2017 by cleaning up your professionals now while your workload may be a little lighter. Doing so will help in the preparation of and printing of Forms 1099-MISC, 1099-INT and 1096 for each estate next month before the new January 31, 2017 deadline. In addition to lightening next..

read more →

New (Earlier) Deadlines for 1099 Forms

New (Earlier) Deadline for 1099 Forms The IRS 1099 filing deadline for reporting payments to professionals has been moved up to January 31, 2017. In addition, the 2016 forms have been slightly modified in formatting over the previous year’s versions. Stay abreast of these changes by getting an early start on your 1099 form preparation this..

read more →

Tasty Tricks to Turn Out TIRs with Ease

October is upon us, which likely means you are or will be conducting your TIR (Trustee Interim Report) soon. The UST Handbook states that: “…the trustee must implement a system to review the progress of each case and must be able to demonstrate that this review is performed on a regular basis. 28.U.S.C. § 586. ..

read more →

Instantly Glam Up Your Checks in CaseLink² and CaseLink Web

BMS allows you to get in touch with your inner rock star and administer your cases in style. Keep your cool with an all-new feature in CaseLink² and CaseLink Web that allows you to set up a customized check description to automatically print onto checks whenever you post checks from a distribution. Setting Up a Custom Check Description To use..

read more →

CaseLink Stays Green with Compliance Updates

Both CaseLink Web and CaseLink Office were updated last month in conjunction with updated dollar amounts in Title 11 and Title 28, which became effective on April 1, 2016, and will apply to cases commenced on or after that date. The new wage claim cap limit updates were proposed by the Judicial Conference of the United States..

read more →