AbstractorPro (Real Title Services)
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



[-] BRB Abstracting - R/WI (4 replies)
3/25/2009 8:40:37 PM (3240 views)
Re: BRB Abstracting - Robert Franco/OH
3/25/2009 10:23:50 PM (2668 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 (2568 views)
Re: BRB Abstracting - William Pattison /CA
3/27/2009 11:28:46 PM (2401 views)
Re: BRB Abstracting - george Hubka/MI
3/30/2009 8:43:06 AM (2338 views)

[+] Breaking New(some): San Francisco County Report - William Pattison /CA (20 replies)
3/25/2009 12:58:58 PM (2572 views)

[+] A.F.S. of Nevada - Dan Zook/NY (1 reply)
3/25/2009 11:05:44 AM (2341 views)

Mark Randolph, Winston-Salem, NC and his wife, Lisa - Jean Allen/NC
3/24/2009 7:41:54 PM (4787 views)

E & O option - Mike/PA
3/24/2009 3:49:30 PM (2291 views)




PERRY & ASSOCIATES - cindy thomas/NY
3/24/2009 10:02:42 AM (2246 views)

[+] PILOT SEARCH COMPANY - cindy thomas/NY (1 reply)
3/24/2009 9:58:30 AM (2573 views)

[+] TitlePrep d/b/a Global Data Source LLC - Joyce Obrien/PA (2 replies)
3/24/2009 12:28:06 AM (2843 views)

[+] Credit Checks for Foreclosure searches - Laurie Puckett/TN (9 replies)
3/23/2009 3:04:21 PM (2558 views)

E&O Insurance - Kelly Schuler/TX
3/23/2009 8:58:05 AM (2086 views)

[+] ValuAmerica...third-party vendor manager...good or bad for industry? - Mike Toebe/KS (2 replies)
3/23/2009 7:42:37 AM (2976 views)

[+] another E&O question - Sheila Sten/PA (10 replies)
3/20/2009 5:44:24 PM (2595 views)

[+] AccuData Search.The Real Story..As I Knew It - AbstractorWatchdog com/NY (24 replies)
3/19/2009 8:04:09 PM (3314 views)

[+] The Outsourcing Continues... - Jarrod Clabaugh/OH (2 replies)
3/18/2009 12:40:20 PM (2642 views)

[+] E&O - Kenneth Signor/SC (6 replies)
3/17/2009 6:26:25 AM (2528 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 8923 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:

Looking for Pennsylvania Abstractors/Searchers
Tyler Noble's Blog
2024/06/04
0 comments

Looking for Vermont Abstractors/Searchers
Tyler Noble's Blog
2024/06/04
0 comments

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Articles

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

Premier One Introduces SMB Defender Platform
Premier One, a national IT, cybersecurity and web services provider Premier One has introduced its SMB Defenderplatform,...
MBA, Trade Groups Respond to CFPB's RFI on Mortgage Closing Costs
“Given the significant home-price appreciation and swift inflation that consumers have encountered in recent years...
Pending Home Sales Slumped 7.7% in April
"The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,"...
Stewart Announces Promotion of Iain Bryant to Group President - Agency Services
Of the promotion, Fred Eppinger, CEO, said, “I am excited to have Iain as a member of our Executive Leadership Tea...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates increased for the first time in four weeks, with the 30-year fixed rate up to 7.05 percent and all...

Search Articles:
browse...

Classifieds

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

LOCAL SEARCHERS (PA& EVERYWHERE)-WE PAY
June 04 2024
We are an AMERICAN production and marketplace company, working with most of the major underwriters and Seeking LOCAL independant title searcher(s) for regular work in the following PA counties:
Huntingdon
Mifflin
Juniata
Greene
Warren
Cameron...[more info]


link
email
© 2020, Source of Title.