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BLACKSTONE COMPLETE TITLE - Joan Howland/CT
4/1/2009 4:37:42 PM (2450 views)

[+] FINANCIAL DIMENSIONS - eblas/NV (12 replies)
4/1/2009 3:07:19 PM (3235 views)

PA TIRBOP rate increase pending - Diane Cipa/PA
4/1/2009 9:10:17 AM (3091 views)

[+] Global Data Source Titleprep.com - Sherry Dungan/MS (10 replies)
3/31/2009 1:57:59 PM (3680 views)

Mid-Atlantic Title - Charlotte NC - Kenneth Signor/SC
3/30/2009 6:26:57 AM (2733 views)




[+] ACCURATE TITLE RESEARCH - t kay/VA (3 replies)
3/29/2009 10:45:44 AM (3458 views)

[+] Interested in sharing client list with out-of-state abstractor - Mike Toebe/KS (1 reply)
3/27/2009 2:44:57 PM (3259 views)

[+] RELS sent work to ValuAmerica but no orders? What happened? - Mike Toebe/KS (1 reply)
3/27/2009 2:40:25 PM (3599 views)

"House Theif" - George Booth/OH
3/27/2009 7:58:56 AM (3677 views)

[+] Lloyds of London - Constance Foye/VA (6 replies)
3/26/2009 2:04:49 PM (3077 views)

[-] BRB Abstracting - R/WI (4 replies)
3/25/2009 8:40:37 PM (3684 views)
Re: BRB Abstracting - Robert Franco/OH
3/25/2009 10:23:50 PM (3824 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 (3688 views)
Re: BRB Abstracting - William Pattison /CA
3/27/2009 11:28:46 PM (3526 views)
Re: BRB Abstracting - george Hubka/MI
3/30/2009 8:43:06 AM (3399 views)

[+] Breaking New(some): San Francisco County Report - William Pattison /CA (20 replies)
3/25/2009 12:58:58 PM (2992 views)

[+] A.F.S. of Nevada - Dan Zook/NY (1 reply)
3/25/2009 11:05:44 AM (2738 views)

Mark Randolph, Winston-Salem, NC and his wife, Lisa - Jean Allen/NC
3/24/2009 7:41:54 PM (5299 views)

E & O option - Mike/PA
3/24/2009 3:49:30 PM (2627 views)


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