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Articles Posted in Chapter 7 Bankruptcy

The Raleigh NC Chapter 7 and Chapter 11 Bankruptcy Lawyers at Hendren Redwine & Malone are providing legal advice during the Coronavirus outbreak.

There is little doubt that the spread of Coronavirus is wreaking havoc on our global and local economy.  The North Carolina board certified bankruptcy legal specialists at Hendren Redwine & Malone are available to discuss the financial strategies that can help you and your business navigate these challenging economic times.

For interested readers, here is an article published recently in our statewide legal newspaper featuring lawyer Rebecca Redwine and her knowledge of debt management during this crisis.  As noted in the article, the CARES Act has added some new dimensions to bankruptcy law which may allow greater financial flexibility to small businesses and individuals facing debt issues.

As reported by Channel 14 news, bankruptcy filings fell slightly in the Eastern District of North Carolina for September when compared to the previous year.  For more, click here.

If you have a bankruptcy question, call the bankruptcy Super Lawyers at Hendren & Malone.

Reports are that the 11-story Gateway project in downtown Wilmington has avoided foreclosure when the developer filed Chapter 7 bankruptcy.  For more click here.

If you have a Chapter 7 or Chapter 11 bankruptcy question, call Jason Hendren or Rebecca Redwine at Hendren & Malone.

Reports are that the Greensboro Ham’s restaurant recently closed despite being purchased out of bankruptcy several weeks ago.  Click here for more.

If you have questions about a North Carolina bankruptcy issue, call the lawyers at Hendren & Malone.

As reported by Greensboro News and Record, the Erwin family could retain control of the Ham’s Restaurant chain built by Charles Erwin, according to bankruptcy filings.

And Charles Erwin could remain at the helm, although without a financial stake in the company.

A motion filed July 9 shows that Erwin’s parents, through a Raleigh-based company called Pika, want to buy Ham’s assets for $250,000.

As reported by the Triangle Business Journal

Raleigh developer who led a group of investors in bankrolling a waterfront residential project in tony Georgetown, S.C., has turned to bankruptcy court for protection as creditors line up seeking more than $10.9 million.

Kyle Corkum, president of L Star Management, formerly known as Landquest Development of Raleigh, has filed Chapter 11 bankruptcy for South Bay Properties LLC, through which the investors bought 78 acres of property. South Bay sold 54 of the project’s home lots, but the roads and infrastructure have not been put in.

Xerium Technologies has won court approval for its prepackaged reorganization plan and expects to exit bankruptcy protection by the end of the month.  The Raleigh company on Friday also reported first quarter net sales of $135 million, up 15.9 percent from a year earlier. Xerium produces equipment used to make paper and has been hit hard by the global recession.

Read more: http://www.newsobserver.com/2010/05/15/483172/xerium-to-emerge-from-bankruptcy.html#ixzz0o2oBZjVV

As reported by the Triangle Business Journal, bankruptcy filings rose slightly in Wake County in March 2010 when compared with March 2009.  Interestingly, Wake County accounted for almost one quarter of the bankruptcy filings in the Eastern District of North Carolina.

As reported by the Triangle Business Journal, bankruptcy filings in Wake County, North Carolina continued to rise in February.  Click here for more.

If you need assistance with a Chapter 7 bankruptcy or Chapter 11 bankruptcy, please contact the Raleigh, North Carolina bankruptcy attorneys at Hendren and Malone, PLLC.

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