Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



PA TIRBOP rate increase pending - Diane Cipa/PA
4/1/2009 9:10:17 AM (3161 views)

[+] Global Data Source Titleprep.com - Sherry Dungan/MS (10 replies)
3/31/2009 1:57:59 PM (3777 views)

Mid-Atlantic Title - Charlotte NC - Kenneth Signor/SC
3/30/2009 6:26:57 AM (2809 views)

[+] ACCURATE TITLE RESEARCH - t kay/VA (3 replies)
3/29/2009 10:45:44 AM (3535 views)

[+] Interested in sharing client list with out-of-state abstractor - Mike Toebe/KS (1 reply)
3/27/2009 2:44:57 PM (3333 views)




[+] RELS sent work to ValuAmerica but no orders? What happened? - Mike Toebe/KS (1 reply)
3/27/2009 2:40:25 PM (3664 views)

"House Theif" - George Booth/OH
3/27/2009 7:58:56 AM (3751 views)

[+] Lloyds of London - Constance Foye/VA (6 replies)
3/26/2009 2:04:49 PM (3172 views)

[-] BRB Abstracting - R/WI (4 replies)
3/25/2009 8:40:37 PM (3799 views)
Re: BRB Abstracting - Robert Franco/OH
3/25/2009 10:23:50 PM (4197 views)

I don't know anything about BRB, but if they were liquidating it probably wouldn't be necessary to file bankruptcy.  Therefore, I wouldn't be surprised if nobody received notice of one.  As my bankruptcy professor says, "Of course, if you want to liquidate, you don't need to file bankruptcy, just walk away and the creditors will do it for you."  If you are liquidating in bankruptcy, you (the owner) aren't going to get anything anyway - you might was well let the creditors sue you in state court and fight over whatever assets are left.  Why waste money on a bankruptcy lawyer?

An involuntary bankruptcy is a possibility, but they are VERY rare for a good reason.  There is a lot of potential liability if you get it wrong.  Besides, it is rarely necessary - if you are owed money you have a better chance of getting it by racing to the courthouse and suing them.  Hiring an attorney to pursue collections might be expensive, but that would seem like pennies compared to what a bankruptcy lawyer would charge to file an involuntary bankruptcy. 

It would be interesting to know if the company is really still in business.  If they are, someone should sue them on principal.  We all know that this happens too often - the owners of these businesses keep getting away with it because nobody does anything about it.

Best,
Robert A. Franco
SOURCE OF TITLE

to post a reply: login - or - register


Re: BRB Abstracting - R/WI
3/26/2009 3:27:40 PM (4160 views)
Re: BRB Abstracting - William Pattison /CA
3/27/2009 11:28:46 PM (3862 views)
Re: BRB Abstracting - george Hubka/MI
3/30/2009 8:43:06 AM (3749 views)

[+] Breaking New(some): San Francisco County Report - William Pattison /CA (20 replies)
3/25/2009 12:58:58 PM (3086 views)

[+] A.F.S. of Nevada - Dan Zook/NY (1 reply)
3/25/2009 11:05:44 AM (2804 views)

Mark Randolph, Winston-Salem, NC and his wife, Lisa - Jean Allen/NC
3/24/2009 7:41:54 PM (5394 views)

E & O option - Mike/PA
3/24/2009 3:49:30 PM (2695 views)

PERRY & ASSOCIATES - cindy thomas/NY
3/24/2009 10:02:42 AM (2736 views)

[+] PILOT SEARCH COMPANY - cindy thomas/NY (1 reply)
3/24/2009 9:58:30 AM (3038 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8973 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

ALTA Celebrates 21st Century ROAD to Housing Act Becoming Law
“ALTA congratulates Chairman Tim Scott, Ranking Member Elizabeth Warren, Chairman French Hill, Ranking Member Maxi...
New NAR Survey Finds Americans Value Neighborhood Walkability
A new survey by the National Association of REALTORS® shows that Americans value walkability, mixed-used neighborho...
MISMO Publishes White Paper, Roadmap for Scaling Digital Mortgage Adoption Through eClosing
MISMO®, the real estate finance industry's standards organization, today announced the release of its new white pap...
NAR Existing-Home Sales Report Shows 2.4% Decrease in June
“The median home price has reached an all-time high. Even so, affordability is better than a year ago because wage...
Remodeling Market Sentiment Remains in Positive Territory in Second Quarter
“Remodeler sentiment has been positive and stable over the past year,” said NAHB Remodelers Chair Elliott Pi...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.