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[+] ACCURATE TITLE RESEARCH - t kay/VA (3 replies)
3/29/2009 10:45:44 AM (3447 views)

[+] Interested in sharing client list with out-of-state abstractor - Mike Toebe/KS (1 reply)
3/27/2009 2:44:57 PM (3249 views)

[+] RELS sent work to ValuAmerica but no orders? What happened? - Mike Toebe/KS (1 reply)
3/27/2009 2:40:25 PM (3585 views)

"House Theif" - George Booth/OH
3/27/2009 7:58:56 AM (3670 views)

[+] Lloyds of London - Constance Foye/VA (6 replies)
3/26/2009 2:04:49 PM (3053 views)




[-] BRB Abstracting - R/WI (4 replies)
3/25/2009 8:40:37 PM (3663 views)
Re: BRB Abstracting - Robert Franco/OH
3/25/2009 10:23:50 PM (3782 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

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Re: BRB Abstracting - R/WI
3/26/2009 3:27:40 PM (3655 views)
Re: BRB Abstracting - William Pattison /CA
3/27/2009 11:28:46 PM (3496 views)
Re: BRB Abstracting - george Hubka/MI
3/30/2009 8:43:06 AM (3355 views)

[+] Breaking New(some): San Francisco County Report - William Pattison /CA (20 replies)
3/25/2009 12:58:58 PM (2976 views)

[+] A.F.S. of Nevada - Dan Zook/NY (1 reply)
3/25/2009 11:05:44 AM (2728 views)

Mark Randolph, Winston-Salem, NC and his wife, Lisa - Jean Allen/NC
3/24/2009 7:41:54 PM (5292 views)

E & O option - Mike/PA
3/24/2009 3:49:30 PM (2618 views)

PERRY & ASSOCIATES - cindy thomas/NY
3/24/2009 10:02:42 AM (2606 views)

[+] PILOT SEARCH COMPANY - cindy thomas/NY (1 reply)
3/24/2009 9:58:30 AM (2929 views)

[+] TitlePrep d/b/a Global Data Source LLC - Joyce Obrien/PA (2 replies)
3/24/2009 12:28:06 AM (3236 views)

[+] Credit Checks for Foreclosure searches - Laurie Puckett/TN (9 replies)
3/23/2009 3:04:21 PM (3051 views)

E&O Insurance - Kelly Schuler/TX
3/23/2009 8:58:05 AM (2361 views)


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