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[+] IF YOU CAN READ THIS , THANK A TEACHER... - Scott Perry/PA (45 replies)
11/11/2006 8:24:57 AM (2439 views)

[+] Hold the Pickles - Hold the Pot - David Bloys/TX (1 reply)
11/10/2006 7:12:16 PM (3341 views)

[+] Pricing issues - Wendi See/SC (29 replies)
11/7/2006 1:12:24 PM (2648 views)

[+] ABSTRACTS USA - LAWANDA  MCMILLIAN/AR (1 reply)
11/6/2006 9:52:45 PM (2467 views)

[+] Coal Abstracts - Christine Sheeler/PA (2 replies)
11/6/2006 9:08:46 AM (2298 views)




[+] Anyone have this problem? - Mike/KS (10 replies)
11/4/2006 6:29:38 PM (2515 views)

[+] A little love going out...Absolute Property Services - Mike/KS (2 replies)
11/4/2006 5:50:32 PM (2322 views)

[+] Surveys - Kevin Ahern/CT (12 replies)
11/4/2006 5:40:35 AM (2232 views)

[+] My Abstractor? - Kurt deVries/FL (13 replies)
11/2/2006 4:31:52 PM (2713 views)

[+] A response to Forbes Mag. on behalf of FLORIDA - Laura Macias/FL (1 reply)
11/2/2006 10:59:46 AM (2260 views)

[+] Less tha 5% of title insurance premium paid out in claims - Slade Smith/OH (7 replies)
11/1/2006 8:24:23 PM (3261 views)

[+] Forbes Mag. says Title Ins. a Big Waste - Pete Kisan/OH (10 replies)
11/1/2006 7:04:44 AM (2643 views)

HAPPY HALLOWEEN - Angelica Schneider/IN
10/31/2006 12:40:16 PM (1865 views)

[+] Contemporary Realty Speaks to Vendors Day - Ted Lannon/MA (37 replies)
10/31/2006 11:52:33 AM (2776 views)

[-] Contemporary Realty - Involuntary Bankruptcy - Rich M/ME (6 replies)
10/30/2006 9:05:07 PM (2619 views)
Re: Contemporary Realty - Involuntary Bankruptcy - Ted Lannon/MA
10/30/2006 9:57:03 PM (2908 views)
Re: Contemporary Realty - Involuntary Bankruptcy - Kevin Ahern/CT
10/31/2006 7:39:40 AM (2865 views)
Re: Contemporary Realty - Involuntary Bankruptcy - Ted Lannon/MA
10/31/2006 8:35:20 AM (2658 views)
Re: Contemporary Realty - Involuntary Bankruptcy - Kevin Ahern/CT
10/31/2006 9:01:05 AM (2684 views)

What you are talking about are preferential transfers which are prohibited among unsecured creditors because they are expected to share in a distribution of the bankrupt estate on a pro-rata basis regardless of the amount of their claim. There is a priority assigned to various claimants for distribution. Unsecured creditors are the low men on the totem pole. They get paid after all those with superior priorities are paid. Most of the time there are few if any funds left to pay the unsecured creditors from the bankrupt estate after payment of those with priority of claims are paid. The best that I have ever seen is 5 cents to 10 cents on the dollar, and that was considered good. Many times there is nothing left for the unsecured creditors. 

So how does one divide nothing among the remaining unsecured creditors?
Would it not seem more logical to pursue a more productive avenue of recovery?

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Re: Contemporary Realty - Involuntary Bankruptcy - Ted Lannon/MA
10/31/2006 9:27:33 AM (2648 views)
Re: Contemporary Realty - Involuntary Bankruptcy - Kevin Ahern/CT
10/31/2006 9:38:13 AM (2678 views)


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