Bankruptcy Law Success

I interview Jarred Henline, a bankruptcy attorney in Lehi, Utah who has gone from filing two bankruptcies a month in 2019 to 14 filings/month in the last three years. That's a 7x increase! During those three years, Jarred has done two things. First, he started offering $0 down bifurcated Chapter 7 bankruptcies. And second, he hired me to run his marketing campaigns to generate leads for him. Some of the highlights in this interview include: * How Jarred has filed 14 bankruptcies a month for the last three years * The advice that Jarred would give another bankruptcy lawyer afraid to start offering $0 down bifurcated 7s * The exact "sales funnel" that Jarred has leveraged to turn even weak leads from Facebook into bankruptcy filings * Jarred's approach to converting 53% of his qualified leads into actual filings * Why he hasn't needed to wait for the fabled post-pandemic "bankruptcy tsunami" to file enough bankruptcy cases to pay himself a living wage * And a whole lot more, including his approach to complying with the recent USTP memo on bifurcated Chapter 7s You can also subscribe to get an email when we release new episodes of the Bankruptcy Law Success podcast: https://forms.aweber.com/form/76/985243976.htm

The great news is that the U.S. Trustee Program has finally blessed bifurcated Chapter 7 bankruptcies, as long as they're done properly! Here's the key sentence from the memo: "Absent contrary local authority, it is the USTP's position that bifurcated fee agreements are permissible so long as the fees charged under the agreements are fair and reasonable, the agreements are entered into with the debtor's fully informed consent, and the agreements are adequately disclosed." So in this podcast episode, I give my overall reaction to this apparent paradigm shift in the UST's attitude towards bifurcation. Also, it's a five page memo with 22 footnotes, so I also want to review the USTP's new positions on all the little things that make bankruptcy such a detail-oriented practice. Most important, for the first time ever, the USTP is actually giving us a perfect roadmap to follow so that we can offer bifurcated Chapter 7 in bankruptcies 100% safely! So it's very important that in the new USTP memo, the USTP articulates for the first time its position on many of these specific issues involved in bifurcation. So all we need to do now is understand the USTP positions and act accordingly, and we'll be able to offer bifurcated chapter 7 bankruptcies safely , without worry that our local UST will come after us. So with that in mind, this podcast episode reviews the 14 positions that the USTP articulates in its memo, and lays out that perfect roadmap for any bankruptcy lawyer to follow!

Are bifurcated Chapter 7s actually legal? This is the second part of a 2-part episode that answers that simple question: In the first part, I went over 5 specific mistakes that you need to avoid in order to "bulletproof" your bifurcated Chapter 7s from a US Trustee. In this second part, I update these 5 mistakes with lessons that I've learned over the last 2 and a half years, as well as some new case law. In fact, I even added a new mistake based on a recent case out of Missouri (see In re Allen). I've also written a companion "bifurcation case law summary" to go along with this podcast series. You can download it for free here: https://bklawsuccess.com/caselaw/ You can also subscribe to my podcast here: https://bklawsuccess.com/podcast/

If you've ever wondered if bifurcated Chapter 7s are actually legal or not, this is the episode for you. The surprising truth is that after a tidal wave of legal innovation, many bankruptcy lawyers routinely offer zero down Chapter 7s. You just have to follow the arcane rules involving bifurcating your cases into prepetition and postpetition portions. And as it turns out, no judge has ever ruled that a Chapter 7 cannot be bifurcated, so long as it's done correctly. This is part 1 of a 2-part episode, where we start by busting the top three bifurcation myths, including: 1. Why bifurcated Chapter 7s do NOT violate the automatic stay or discharge injunction, even though you're collecting money postpetition from debtors 2. How "saddling" poor debtors with a postpetition payment plan for a bifurcated bankruptcy is way better than the alternative of no traditional bankruptcy at all 3. Why it's a total myth that there are many US Trustee enforcement actions that prove that bifurcated Chapter 7s are illegal I also go over the 5 specific mistakes you need to avoid in order to get into hot water with the US Trustee. Finally, if you'd like to get my Bifurcation Case Law Summary for free, you can sign up here: https://bklawsuccess.com/caselaw/

If you're new to my podcast, listen to this podcast episode first! I've been on a journey for years to find an infallible system that any bankruptcy attorney can use to create a practice that frees debtors from the shackles of debt, while also generating a healthy 7-figure income. At this point, I think I've found it. And in this podcast, I explain everything I've learned, including: * Why the first step to bankruptcy success is offering a true $0 down bifurcated Chapter 7 bankruptcy * The legal underpinnings behind bifurcating a Chapter 7 so masterfully that even a skeptical US Trustee can't complain * The painful way that I learned that "zero down" bankruptcies can't just be the sizzle, it also has to be the steak * Why the overlooked "too poor to file a traditional bankruptcy" market is the secret to avoiding the typical bankruptcy attorney's vow of poverty * How Google Ads can make a bankruptcy attorney rich, but only Facebook Ads can make a bankruptcy attorney wealthy You can also read a transcript of this episode here: https://bklawsuccess.com/the-secret-to-becoming-a-7-figure-bankruptcy-attorney/ You can also subscribe to get an email when we release new episodes of the Bankruptcy Law Success podcast: https://forms.aweber.com/form/76/985243976.htm