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[-] BRB Abstracting - R/WI (4 replies)
3/25/2009 8:40:37 PM (3865 views)
Re: BRB Abstracting - Robert Franco/OH
3/25/2009 10:23:50 PM (4334 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 (4439 views)
Re: BRB Abstracting - William Pattison /CA
3/27/2009 11:28:46 PM (3985 views)
Re: BRB Abstracting - george Hubka/MI
3/30/2009 8:43:06 AM (3865 views)

[+] Breaking New(some): San Francisco County Report - William Pattison /CA (20 replies)
3/25/2009 12:58:58 PM (3119 views)

[+] A.F.S. of Nevada - Dan Zook/NY (1 reply)
3/25/2009 11:05:44 AM (2838 views)

Mark Randolph, Winston-Salem, NC and his wife, Lisa - Jean Allen/NC
3/24/2009 7:41:54 PM (5427 views)

E & O option - Mike/PA
3/24/2009 3:49:30 PM (2754 views)




PERRY & ASSOCIATES - cindy thomas/NY
3/24/2009 10:02:42 AM (2778 views)

[+] PILOT SEARCH COMPANY - cindy thomas/NY (1 reply)
3/24/2009 9:58:30 AM (3071 views)

[+] TitlePrep d/b/a Global Data Source LLC - Joyce Obrien/PA (2 replies)
3/24/2009 12:28:06 AM (3369 views)

[+] Credit Checks for Foreclosure searches - Laurie Puckett/TN (9 replies)
3/23/2009 3:04:21 PM (3204 views)

E&O Insurance - Kelly Schuler/TX
3/23/2009 8:58:05 AM (2532 views)

[+] ValuAmerica...third-party vendor manager...good or bad for industry? - Mike Toebe/KS (2 replies)
3/23/2009 7:42:37 AM (3574 views)

[+] another E&O question - Sheila Sten/PA (10 replies)
3/20/2009 5:44:24 PM (3098 views)

[+] AccuData Search.The Real Story..As I Knew It - AbstractorWatchdog com/NY (24 replies)
3/19/2009 8:04:09 PM (3991 views)

[+] The Outsourcing Continues... - Jarrod Clabaugh/OH (2 replies)
3/18/2009 12:40:20 PM (3219 views)

[+] E&O - Kenneth Signor/SC (6 replies)
3/17/2009 6:26:25 AM (3099 views)


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