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



[+] IMortgage-Do they treat Abstractors like this? - Rebecca Fair/FL (7 replies)
11/9/2007 2:45:31 PM (3649 views)

[+] TS Connections LLC dba Title Stream - Karen Dykshoorn/IA (2 replies)
11/9/2007 8:23:09 AM (3533 views)

[-] Express financial services - Dawn Catherman/IN (11 replies)
11/7/2007 8:47:31 PM (2740 views)
Re: Express financial services - Loretta Reed/MD
11/8/2007 7:22:20 AM (2579 views)
Re: Express financial services - Kevin Ahern/CT
11/8/2007 8:47:31 AM (2601 views)
Re: Express financial services - Nina Gladen/OH
11/15/2007 1:47:50 PM (2368 views)
Re: Express financial services - Loretta Reed/MD
11/15/2007 2:59:02 PM (2427 views)
Re: Express financial services - Michele Horger/MI
11/19/2007 9:40:13 AM (2220 views)
Re: Express financial services - Kevin Ahern/CT
11/19/2007 12:13:36 PM (2081 views)
Re: Express financial services - Loretta Reed/MD
11/19/2007 1:15:08 PM (2114 views)
Re: Express financial services - george Hubka/MI
11/20/2007 7:25:18 PM (2087 views)
Re: Express financial services - Kevin Ahern/CT
11/21/2007 7:16:50 AM (2073 views)
The debtor in a bankruptcy is required to list all of the creditors whose debts he wishes to discharge. There are a number of reasons for this...establishment of priorities among secured creditors...inclusion of all unsecured creditors so that they can share on a pro rata basis in any distribution of assets or reorganization...payment of those creditors who continue to do business with the bankrupt so that their claims can be given a priority, and paid as administrative expenses, etc.

The reason for classifying the claims of creditors who continue to do business with the bankrupt during the period of the bankruptcy as administrative expenses is the effort to breathe some life back into the bankrupt company. Contracts establish property rights for both the debtor and the creditor. The debtor's property rights to the continued performance of the contract may be administered by the Trustee or the Debtor in Possession subject to the Trustee. As such the creditor may have no choice other than to continue performance under the contract during the bankruptcy. His pre-petition invoices will be discharged. His post petition invoices (administrative expenses) will be paid in a timely manner, and payment is supervised by the court to assure timely payment. Consequently, these administrative expenses (creditors' claims) are accorded a very high priority for payment. I just went through this in a collection case against a bankrupt company.

If the bankrupt fails to list a creditor in his pleadings before the bankruptcy court, the debt is not discharged. Yes, he can sue the client after the bankruptcy is over. However, there would be some defenses to the claim based on the bankruptcy.

to post a reply: login - or - register


Re: Express financial services - george Hubka/MI
11/21/2007 9:16:20 PM (2059 views)
UPDATE: Express Financial Services - Jarrod Clabaugh/OH
11/26/2007 2:37:33 PM (2197 views)

[+] No Shame for Some Newbies - Jean Allen/NC (8 replies)
11/7/2007 8:11:51 PM (2949 views)

[+] Infinity International Processing Inc - Edna Webb/CA (7 replies)
11/7/2007 12:30:26 PM (2876 views)


Real Title Services


[+] companies - Tammy /PA (7 replies)
11/6/2007 4:21:51 PM (2678 views)

[+] No Pay Black List - MELINDA BLOODWORTH/NC (13 replies)
11/5/2007 9:35:00 PM (2953 views)

[+] Charging a late fee to clients - SHARON YAHRAES/ID (7 replies)
11/5/2007 8:02:31 PM (2440 views)

[+] REAL ESTATE MARKET IN SOUTH CAROLINA - ANDREW MOLLER/CT (2 replies)
11/1/2007 4:47:56 PM (2455 views)

[+] Dave Chisolm ...are you out there? - Kevin Ahern/CT (15 replies)
11/1/2007 9:04:27 AM (2630 views)

[+] Sueing across states - Glenda Hodge/TN (7 replies)
10/31/2007 10:18:12 AM (2491 views)

[+] JPS Title/Michigan - Sherry Greene/MI (2 replies)
10/30/2007 4:39:38 PM (2455 views)

[+] Another "Highly Skilled" Indian Abstractor - David Bloys/TX (12 replies)
10/30/2007 2:27:04 PM (3855 views)

[+] Another No-Pay Company - Kristi Lee/NE (10 replies)
10/29/2007 10:46:18 AM (3095 views)

[+] lenders service direct, inc - DEE NYHUS/OR (1 reply)
10/29/2007 10:15:52 AM (2625 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:

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

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
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!

© 2020, Source of Title.