Chapter 11

When an individual files a chapter 7 or chapter 13 case, they are referred to throughout the case as “the Debtor.” When a corporation or LLC files a chapter 7 case, the company, likewise, is called, “the Debtor.” But in...

Effective June 1, 2014, the court filing fees will increase as follows: The Chapter 7 court filing fee will be raised from $306.00 to $335.00 The Chapter 13 court filing fee will be raised from $281.00 to $310.00 The Chapter 11...

Bankruptcy can be daunting, especially when dealing with nondischargeable debt. Not everything is lost, though. If you’re in North Carolina, take some time to learn about the concepts of defalcation and breach of fiduciary duty to learn what you can...

The struggling pizza chain, Sbarro LLC, has filed for Chapter 11 reorganization for the second time in three years. Sbarro previously filed for bankruptcy protection in April 2011, emerging from bankruptcy in November 2011 saying that it had severely cut...

Many debtors facing foreclosure in North Carolina turn to bankruptcy as an option. One of the main reasons debtors facing foreclosure file for bankruptcy protection is to take advantage of the automatic stay, which prohibits most collection attempts, including a...

One of the Ten Commandments of being a chapter 11 debtor is this: Thou Shalt Not Pay Any Pre-Petition Creditor. But of course the moment the command leaves our lips, several exceptions emerge. One concerns the ongoing payments of certain suppliers...

Having a judgment entered against you can be a stressful situation, especially when the Sheriff’s deputy shows up with a Writ of Execution. People often wonder if their wages can be garnished here in North Carolina by a judgment creditor. ...

Former NFL quarterback, Vince Young, has filed for Chapter 11 bankruptcy protection in Houston, Texas. After spending his college years as quarterback for the University of Texas, Young was drafted by the Texas Titans as the third overall draft pick...

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,...

What might happen to tangible personal property is a frequent inquiry we receive from individuals considering a bankruptcy filing. Tangible personal property is distinct from real estate or intangible assets such as financial instruments, receivables, intellectual property, etc. In the reorganization chapters...