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.

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

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

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

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

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.

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

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.