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



[+] Lloyds of London - Constance Foye/VA (6 replies)
3/26/2009 2:04:49 PM (3125 views)

[-] BRB Abstracting - R/WI (4 replies)
3/25/2009 8:40:37 PM (3744 views)
Re: BRB Abstracting - Robert Franco/OH
3/25/2009 10:23:50 PM (4005 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 (3875 views)
Re: BRB Abstracting - William Pattison /CA
3/27/2009 11:28:46 PM (3677 views)
Re: BRB Abstracting - george Hubka/MI
3/30/2009 8:43:06 AM (3567 views)

[+] Breaking New(some): San Francisco County Report - William Pattison /CA (20 replies)
3/25/2009 12:58:58 PM (3036 views)

[+] A.F.S. of Nevada - Dan Zook/NY (1 reply)
3/25/2009 11:05:44 AM (2775 views)

Mark Randolph, Winston-Salem, NC and his wife, Lisa - Jean Allen/NC
3/24/2009 7:41:54 PM (5345 views)




E & O option - Mike/PA
3/24/2009 3:49:30 PM (2666 views)

PERRY & ASSOCIATES - cindy thomas/NY
3/24/2009 10:02:42 AM (2688 views)

[+] PILOT SEARCH COMPANY - cindy thomas/NY (1 reply)
3/24/2009 9:58:30 AM (2986 views)

[+] TitlePrep d/b/a Global Data Source LLC - Joyce Obrien/PA (2 replies)
3/24/2009 12:28:06 AM (3305 views)

[+] Credit Checks for Foreclosure searches - Laurie Puckett/TN (9 replies)
3/23/2009 3:04:21 PM (3130 views)

E&O Insurance - Kelly Schuler/TX
3/23/2009 8:58:05 AM (2418 views)

[+] ValuAmerica...third-party vendor manager...good or bad for industry? - Mike Toebe/KS (2 replies)
3/23/2009 7:42:37 AM (3462 views)

[+] another E&O question - Sheila Sten/PA (10 replies)
3/20/2009 5:44:24 PM (3016 views)

[+] AccuData Search.The Real Story..As I Knew It - AbstractorWatchdog com/NY (24 replies)
3/19/2009 8:04:09 PM (3892 views)

[+] The Outsourcing Continues... - Jarrod Clabaugh/OH (2 replies)
3/18/2009 12:40:20 PM (3085 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:

****Seeking Experienced Abstractors Nationwide****
Soni Rahman's Blog
2026/04/21
0 comments

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

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Articles

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

Builder Sentiment Posts Notable Decline on Economic Uncertainty
“Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic u...
Baby Boomers Remain Largest Share of Home Buyers as First-Time Buying Falls to Record Low
“The housing market remains sharply divided between homeowners with equity and first-time buyers trying to break i...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Given the evolving situation in the Middle East and its impact on energy and commodity prices, mortgage rates dec...
March New Home Purchase Mortgage Applications Increased 11 Percent
“Applications for the purchase of newly built homes increased in March, posting monthly and annual gains, and reac...
NAR Existing-Home Sales Report Shows 3.6% Decrease in March
“March home sales remained sluggish and below last year’s pace,” said NAR Chief Economist Dr. Lawrence...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.