Bankruptcy News
November 2013 Bankruptcy Statistics
November 2013 bankruptcy filings totaled 74,021 in the United States, bringing the nationwide filing total to 965,789 through November 2013. According to the American Bankruptcy Institute, this is a 15% decrease from the 87,090 bankruptcy filings in November 2012. In comparison...
New Greenville Divisional Office
On October 28, 2013 the United States Bankruptcy Court Clerk’s Office for the Eastern District of North Carolina announced the closing of the Wilson divisional office effective October 30, 2013. The divisional office was relocated to 150 Reade Circle in...
September Bankruptcy Statistics
September 2013 bankruptcy filings totaled 80,645 in the United States, bringing the nationwide filing total to 801,783 through September 2013. According to the American Bankruptcy Institute, this is a 8% decrease from the 87,599 bankruptcy filings in September 2012. In comparison to...
NFL Players Going Bankrupt
Whether it is the result of bad investments, poor financial counsel, divorce and support payments, or excessive spending, many top NFL players have filed for bankruptcy protection. According to Sports Illustrated, 78 percent of NFL players file for bankruptcy or...
Expert Global Solutions Penalized $3.2 Million for Illegal Debt Collection Tactics
Expert Global Solutions and its subsidiaries, the world’s largest debt collection agency comprised of over 32,000 employees, have agreed to pay a $3.2 million civil penalty for badgering consumers and violating the Fair Debt Collection Practices Act. According to the...
August 2013 National and Local Bankruptcy Filing Statistics
August 2013 bankruptcy filings totaled 88,902 in the United States. According to the American Bankruptcy Institute, this is a 15% decrease from the 104,471 bankruptcy filings in August 2012. In comparison to last month, August 2013 filings were up 1%...
Local Night Club The Longbranch Files Chapter 11 Bankruptcy
Raleigh night spot The Longbranch filed for Chapter 11 bankruptcy protection on July 29, 2013 listing $126,200.00 in assets and $345,834.88 in liabilities. This is the second bankruptcy filing for the nightclub, which also filed Chapter 11 on February 15,...
July 2013 Bankruptcy Statistics
According to the American Bankruptcy Institute, July 2013 bankruptcy filings in the United States totaled 87,684, down ten percent from the 97,287 bankruptcy filings in July 2012. While the total filings for the month of July 2013 were down compared...
Dean J. Richard Leonard's Plans to Reach Out to the Local Community
The Triangle Business Journal recently interviewed J. Richard Leonard, Dean of Campbell University’s Norman A. Wiggins School of Law and former bankruptcy judge for the Eastern District of North Carolina. When questioned about his plans for the law school’s future,...
June 2013 Filings in the Eastern District of North Carolina
In the month of June 2013, 593 bankruptcy cases were filed in the Eastern District of North Carolina, which consists of 44 counties in North Carolina. Those filings included 167 Chapter 7 cases, 9 Chapter 11 cases and 417 Chapter...
