by Jeff Folkersen | Sep 18, 2009 | Blog
Typically, the central purpose of filing a bankruptcy is to “discharge” all or most of the debtors’ debts. A bankruptcy “discharge” releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally...
by Jeff Folkersen | Sep 4, 2009 | Blog
As a potential creditor, you have heard this message time and time again. Do your homework! Prior to extending credit to a new customer make sure to obtain as much information as possible regarding this new customer’s credit history. As a creditors’...
by Jeff Folkersen | Aug 18, 2009 | Blog
by Jack P. Bock The Full Faith and Credit Clause of the U.S. Constitution obligate each state to recognize and respect the official acts of every other state. In the context of civil judgments, Full Faith and Credit means that the court in one state must treat a...
by Jeff Folkersen | Jul 24, 2009 | Blog
Small cases, that often do not seem to be worth pursuing at all, can have a big impact on your company’s bottom line. I have often heard clients say “I want to pursue this as a matter of principle, but I’m not sure it’s worth the cost.”...
by Jeff Folkersen | Jul 14, 2009 | Blog
Many bankruptcy attorneys are concerned about the efficiency of their process. By definition, at least the debtor has limited funds to pay for an engagement. This impacts the creditors who may not see a full recovery on their claim. As a result, many bankruptcy...
