by Jeff Folkersen | Jul 2, 2009 | Blog
It’s gotten pretty quiet out there about whether businesses can get loans; what was known as the “credit crisis.” It hasn’t loosened up very much. Maybe there is money to lend. Maybe there isn’t. Even if there is, it seems that only...
by Jeff Folkersen | Jun 29, 2009 | Blog
When a collection claim results in litigation, a creditor must become familiar with certain legal concepts that will often determine whether or not the creditor sees any recovery as a result of the lawsuit. One such legal concept is the “burden of...
by Jeff Folkersen | Jun 18, 2009 | Blog
The Bankruptcy Code mandates that secured creditors be paid the full value of the collateral securing their claim. Only after secured creditors are paid IN FULL is unsecured creditors to be paid anything. In thousands of cases every year, debtors and creditors are...
by Jeff Folkersen | Jun 5, 2009 | Blog
“They stole from me!” “I am not taking a penny less than the full amount owed!” “I want to nail that son of a b#@^$!” Often creditors engage an attorney to recover an amount owed from a debtor, and the creditor feels betrayed or...
by Jeff Folkersen | May 26, 2009 | Blog
In 2005, a record number of debtors filed bankruptcy prior to the effective date of the amendments to avoid the amendments to the bankruptcy code that made it more difficult for debtors to file bankruptcy. After the amendments took effect, the number of bankruptcies...
