Chapter 11 Bankruptcy and Financial Workouts - Hendren Redwine & Malone

Raleigh NC Bankruptcy Lawyers Providing Advice During Coronavirus

Hendren Redwine & Malone — Mon, 18 May 2020 14:33:11 GMT

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.

In addition to helping clients with bankruptcy and debt-related issues, our lawyers are also assisting clients with bankruptcy related litigation.

If you have a question about debt issues and would like to discuss possible options including the filing of bankruptcy, contact our office today. We can be reached toll-free at 866-874-5253 or you can email our bankruptcy team at jhendren@hendrenmalone.com or rredwine@hendrenmalone.com.

Apex, North Carolina Printing Company A Bankruptcy Success

Hendren Redwine & Malone — Thu, 16 Feb 2012 00:00:00 GMT

In January 2012 Millenium Print Group’s Plan of Reorganization was approved by the United States Bankruptcy Court, allowing it to emerge from bankruptcy successfully.

The bankruptcy team at Hendren & Malone, PLLC is pleased that the company was able to make the necessary changes to become profitable and save many jobs in the community.

Chapter 11 for Commercial Office Building Successful

Hendren Redwine & Malone — Thu, 16 Feb 2012 00:00:00 GMT

The Bankuptcy Attorneys at Hendren & Malone filed Chapter 11 for Raleigh-based One Renaissance, LLC in 2011 after its lender commenced foreclosure due to loan maturity. One Renaissance obtained a confirmed Chapter 11 Plan from the United States Bankruptcy Court in the Eastern District of North Carolina, which provided the Debtor new, affordable long term financing. The company expects to emerge from Chapter 11 by the end of the first quarter of 2012.

Hendren & Malone Helping Clients With Chapter 11 and Chapter 7 Bankruptcy Claims

Hendren Redwine & Malone — Wed, 15 Feb 2012 00:00:00 GMT

The lawyers at Hendren Redwine & Malone work with clients across central and eastern North Carolina with bankruptcy cases including Chapter 7 and Chapter 11 claims. Our lawyers have experience assisting all types of business and individual bankruptcy clients with prebankruptcy evaluations and, where necessary, the filing of bankruptcy.

If you need assistance, call us today at 919-420-7867.

Cary, North Carolina Developer Files Chapter 11 Bankruptcy

Hendren Redwine & Malone — Wed, 15 Feb 2012 00:00:00 GMT

A Cary based developer, Wimberly Associates, recently filed a Chapter 11 bankruptcy petition in the Eastern District of North Carolina. This filing, handled by the bankruptcy team at Hendren & Malone, was initiated to avoid foreclosure and ensure maximum return to creditors.

Click here for more on this filing.

Hendren & Malone File Chapter 11 For One Renaissance

Hendren Redwine & Malone — Mon, 14 Mar 2011 00:00:00 GMT

Hendren & Malone have filed a Chapter 11 bankruptcy for the One Renaissance office building in north Raleigh. Representative tenants of the building include Waste Industries. Click here for a link to an article in the Triangle Business Journal regarding this recent bankruptcy filing.

Bankruptcy Filings Fall Slighly in Eastern District of North Carolina

Hendren Redwine & Malone — Mon, 11 Oct 2010 00:00:00 GMT

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.

Wilmington Gateway Developer Files Chapter 7 Bankruptcy

Hendren Redwine & Malone — Fri, 27 Aug 2010 00:00:00 GMT

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.

Greensboro Ham’s Restaurant Closes, Company in Bankruptcy

Hendren Redwine & Malone — Fri, 20 Aug 2010 00:00:00 GMT

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.

Hams Restaurant Bought By Greensboro Company

Hendren Redwine & Malone — Thu, 05 Aug 2010 00:00:00 GMT

Hams Restaurant was bought by a Greensboro company during a bankruptcy auction in Wilson. For more information, click here.

If you have a bankruptcy question, call Jason Hendren at Hendren & Malone.

Ham’s Restaurant Bankruptcy

Hendren Redwine & Malone — Wed, 14 Jul 2010 00:00:00 GMT

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.

The sale would leave the buyer free of all liens.

But “certain proceeds” from the sale would be subject to money owed by Ham’s Restaurants.

Others also could have a chance of buying part or all of the company’s assets at a proposed Aug. 3 auction.

Charles Erwin could not be reached for comment. David Hall, president of the locally owned restaurant chain, did not return a call Tuesday.

The small chain started in Greensboro in 1935 with the original Ham’s. Erwin later bought the business, adding restaurants and offering franchises in 2004.

Ham’s Restaurants filed for Chapter 11 bankruptcy in October 2009. Chapter 11 allows a business to stay open as it reorganizes. As part of the company’s reorganization, Ham’s closed two restaurants at the time.

In April, officials announced another round of closings, including the original location at 201 Smyres Place, off West Friendly Avenue.

It was not clear Tuesday if more restaurants have closed since then.

Raleigh Based Xerium to Exit Bankruptcy

Hendren Redwine & Malone — Sat, 15 May 2010 00:00:00 GMT

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.

Triangle Development Files Chapter 11 Bankruptcy

Hendren Redwine & Malone — Wed, 28 Apr 2010 00:00:00 GMT

As reported by the Raleigh News and Observer, the luxury development known as the Legacy at Jordan Lake has recently filed for Chapter 11 bankruptcy protection in North Carolina.

This is yet another case of a real estate deal gone sour. The firm of Hendren and Malone, PLLC has significant experience with Chapter 11 bankruptcy cases including real estate cases. Please contact Hendren & Malone, PLLC if you have a bankruptcy question.

Wake County bankruptcy filings rise

Hendren Redwine & Malone — Tue, 20 Apr 2010 00:00:00 GMT

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.

Raleigh Industrial Textile Manufacturer Files Chapter 11 Bankruptcy

Hendren Redwine & Malone — Tue, 30 Mar 2010 00:00:00 GMT

As reported by Reuters, Raleigh, North Carolina based industrial textiles manufacturer Xerium Technologies Inc on Tuesday filed for Chapter 11 bankruptcy protection in a Delaware court under a pre-arranged deal with its lenders to cut debt by about $150 million. According to its website, Xerium has 32 manufacturing facilities in 13 countries and over 3,370 employees worldwide.

Wake County Bankruptcy filings rise

Hendren Redwine & Malone — Sat, 13 Mar 2010 00:00:00 GMT

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.

Wilmington marina assets auctioned for Chapter 7 bankruptcy

Hendren Redwine & Malone — Thu, 11 Mar 2010 00:00:00 GMT

As reported by the Wilmington Star, Wilmington, North Carolina based Watermark Marina will have its assets sold off at auction on March 20. Watermark Marina of Wilmington LLC filed for Chapter 7 bankruptcy liquidation on Nov. 14, 2008, owing $10 million to $50 million, according to court documents.

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

Golf course Chapter 11 bankruptcy plan approved

Hendren Redwine & Malone — Thu, 11 Mar 2010 00:00:00 GMT

As reported by the Myrtle Beach Sun Times, golf course owner Mike Matheny’s reworked reorganization plan to bring Palmetto Greens Golf & Country Club and Carolina Shores Golf & Country Club out of Chapter 11 bankruptcy was approved Tuesday by a judge with the U.S. Bankruptcy Court for Eastern North Carolina.

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

Homebuilder with North Carolina ties files Chapter 11 Bankruptcy

Hendren Redwine & Malone — Wed, 10 Mar 2010 00:00:00 GMT

According to reports, Orleans Homebuilder recently filed for Chapter 11 bankruptcy protection after defaulting on loans. The homebuilder will apparently continue selling houses in several states including North Carolina while reogranizing under Chapter 11 bankruptcy protection.

If you need assistance with a Chapter 11 bankruptcy, please don’t hesitate to call the Raleigh Chapter 11 bankruptcy attorneys at Hendren and Malone.

Bankruptcy victim Hasentree lots sold

Hendren Redwine & Malone — Sat, 06 Mar 2010 00:00:00 GMT

As reported recently in the Wall Street Journal, luxury home builder Toll Brothers just bought the Wake Forest, North Carolina golf course property known as Hasentree. The project went into bankruptcy after Suntrust Bank foreclosed on the project in December 2008.

If you need assistance with a Chapter 7 bankruptcy or a Chapter 11 bankruptcy or have any questions about bankruptcy, contact the Raleigh, North Carolina bankruptcy attorneys at Hendren and Malone, PLLC at 866-874-5253.