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[+] Phone number - J Nisonger/CA (6 replies)
11/14/2007 10:47:03 AM (2456 views)

[+] Home Connects Out of Business - Cheryl O'Brien/VA (6 replies)
11/13/2007 1:17:38 PM (2707 views)

[+] Review Fraud - Robert Franco/OH (3 replies)
11/13/2007 11:30:59 AM (2387 views)

[+] Price of Gas!!!!!!! - Carla Curry/KY (5 replies)
11/13/2007 7:54:49 AM (2324 views)

[+] Change of Name? Or excuse to not pay? - Constance Foye/VA (4 replies)
11/13/2007 12:00:48 AM (2368 views)


Real Title Services


[+] PPSI - Marian Littleton/VA (1 reply)
11/12/2007 4:51:26 PM (2394 views)

[+] Naltea Certified Abstractor designation - Jeanne Johnson/FL (4 replies)
11/12/2007 4:45:38 PM (2384 views)

[+] Title Stream - Rebecca Warner/MI (6 replies)
11/12/2007 11:24:58 AM (2538 views)

[+] Don't Forget to Thank the Vet! - Scott Perry/PA (2 replies)
11/11/2007 2:20:44 PM (2282 views)

[+] IMortgage-Do they treat Abstractors like this? - Rebecca Fair/FL (7 replies)
11/9/2007 2:45:31 PM (3614 views)

[+] TS Connections LLC dba Title Stream - Karen Dykshoorn/IA (2 replies)
11/9/2007 8:23:09 AM (3508 views)

[-] Express financial services - Dawn Catherman/IN (11 replies)
11/7/2007 8:47:31 PM (2712 views)
Re: Express financial services - Loretta Reed/MD
11/8/2007 7:22:20 AM (2542 views)
Re: Express financial services - Kevin Ahern/CT
11/8/2007 8:47:31 AM (2564 views)
Re: Express financial services - Nina Gladen/OH
11/15/2007 1:47:50 PM (2327 views)
Re: Express financial services - Loretta Reed/MD
11/15/2007 2:59:02 PM (2392 views)
Re: Express financial services - Michele Horger/MI
11/19/2007 9:40:13 AM (2186 views)
Re: Express financial services - Kevin Ahern/CT
11/19/2007 12:13:36 PM (2045 views)
Re: Express financial services - Loretta Reed/MD
11/19/2007 1:15:08 PM (2077 views)
Re: Express financial services - george Hubka/MI
11/20/2007 7:25:18 PM (2051 views)
Re: Express financial services - Kevin Ahern/CT
11/21/2007 7:16:50 AM (2040 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.

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Re: Express financial services - george Hubka/MI
11/21/2007 9:16:20 PM (2026 views)
UPDATE: Express Financial Services - Jarrod Clabaugh/OH
11/26/2007 2:37:33 PM (2164 views)

[+] No Shame for Some Newbies - Jean Allen/NC (8 replies)
11/7/2007 8:11:51 PM (2926 views)

[+] Infinity International Processing Inc - Edna Webb/CA (7 replies)
11/7/2007 12:30:26 PM (2842 views)

[+] companies - Tammy /PA (7 replies)
11/6/2007 4:21:51 PM (2649 views)


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