Virtual Bankruptcy Assistant may be a term that some of you may have only heard of for the first time so to give you a clear picture of what it is exactly, let me give you a brief description. The Virtual Bankruptcy Assistant or VBA is someone who is trained to deal with online petitions for bankruptcy. With the increasing demand for virtual assistants nowadays, it is about time to cash in on this opportunity.

To be a Virtual Bankruptcy Assistant you need to take an all-encompassing exam about the handling of bankruptcy petitions. The areas covered in the exam are about the forms on Client Intake which the debtor needs to submit so that he can file his petition and the preparation of reports on Due Diligence which entails a bankruptcy search that covers the entire nation as well as online.

Part of the job of a Virtual Bankruptcy Assistant is to conduct a thorough search for properties and liens. This can be done through the internet. The website zillow.com is a good source of information on the appraisal of real estate properties. For the value of automobiles, the Kelly Blue Book is also a good source material.

In case the client is involved in a legal battle, it is the responsibility of a Virtual Bankruptcy Assistant to create a cover letter for the attorney. This letter should contain all the issues and information pertaining to the client's petition for bankruptcy. A Virtual Bankruptcy Assistant must also be capable of drafting a petition to be submitted to the lawyer within a period of 48 hours. It is also his responsibility to help the lawyer get hold of more information as deemed necessary for the case.

To be a Virtual Bankruptcy Assistant, you need to know everything related to bankruptcy.  There are classes specifically on bankruptcy that you can attend. It will also be to your advantage to take paralegal courses as well as other courses related to bankruptcy.

To be a certified Virtual Bankruptcy Assistant you need to pass a VBA licensure exam. This exam will help you to gauge your skills in handling bankruptcy petitions belonging to Chapter 7 and Chapter 13. Clients will also feel more confident in entrusting their petitions to you if you have a certificate. You need to get an 80% score at the VBA exam to have an edge compared to the members of the legal staff.

Upon completion of the exam for Virtual Bankruptcy Assistant, you will be given a certificate proudly displaying your name. The certificate is usually sent via email as a PDF attachment. You just print it and proudly display it in your home office.

Aside from the certificate, you will also receive a membership good for 3 months from the National Association for Virtual Bankruptcy Assistants or NAVBA. This membership qualifies you for a 10 percent discount on all your purchases from the website 713Training.com. After 3 months has passed you will also have the privilege to renew your membership.

An added bonus to the membership is a listing for months at the online member's directory of the NAVBA. This is where a bankruptcy lawyer looks for a Virtual Bankruptcy Assistant when he needs one.