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In a recent opinion, City of Chicago v. Fulton, the Supreme Court unanimously decided that the mere retention of property after a bankruptcy filing does not violate the automatic stay applicable under the Bankruptcy Code because it is not an…
Mediation has been an increasingly popular and effective means of bringing parties to the table to resolve their disputes. A mediation is a forum in which an impartial mediator encourages the parties to reach a voluntary agreement. In Mitchell et…
Just as we have all had to make adjustments to our daily lives to keep ourselves and those around us safe as we navigate these uncharted waters of the COVID-19 pandemic together, our dedication to our clients’ success and work…
Many business owners view bankruptcy as the end of the line for their company, but this assumption is the furthest from the truth in some situations. Bankruptcy can be a solution for organizations, enabling them to thrive once they emerge…
In most business bankruptcy proceedings, a trustee will be appointed by the court to review and manage assets of the debtor company. The goal is to assess value and potentially sell off any real estate or property, so the funds…
If your business has fallen on hard times, you’re probably considering various options to cut your losses and protect your interests to the fullest extent possible. Filing for bankruptcy in the US Bankruptcy Court – Eastern District of North Carolina…
When North Carolina businesses fail, they typically file for bankruptcy protection. And while some of these struggling firms are corporations or LLCs–business entities that exist separately from their individual owners–many others are sole proprietorships. This means that the individual debtor…
When a small business fails, business owners face a challenging decision of whether or not to file for bankruptcy protection. If you are in this position, it is important to understand the basics of bankruptcy, as well as three types…
