Firm News

December 2014 News

On December 18, 2014 Partner Charles M. Ivey, III and Associate Justin Kay were successful in getting a Plan of Reorganization confirmed in an individual Chapter 11 case. The individual held an ownership interest in assets worth $44,600,000 as of the filing of the bankruptcy case, as listed on the petition. Due to a few failed ventures, in addition to…

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November 2014 News

On November 7 & 8, 2014 Charles M. Ivey, III joined Pamela P. Keenan of Kirschbaum Nanney Keenan & Griffin, P.A. in presenting at the 37th Annual Bankruptcy Institute, located at the Omni Grove Park Inn in Asheville, NC. The seminar was hosted by the North Carolina Bar Association, and Charles’ presentation was entitled “Lenders Beware: You Just Think Your Debtors Owe…

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October 2014 News

On October 23 & 24, 2014 the firm headed down to North Myrtle Beach, South Carolina for it’s yearly firm retreat. The yearly firm retreat has become an IMGT tradition, and is a good reminder to everyone that no matter how hard you work occasionally you need to set that work aside, kick your feet up,…

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September 2014 News

On September 23, 2014 the United States Bankruptcy Court for the Middle District of North Carolina, Greensboro Division confirmed the Chapter 11 Plan of Reorganization for a small company that operates a lawn care and snow removal business in Stoneville, NC. Getting the Chapter 11 Plan of Reorganization Confirmed is the goal of every company or individual in…

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August 2014 News

On August 14, 2014 Partner Samantha K. Brumbaugh and IMGT assisted Penguin Drive-in, LLC in filing for relief under Chapter 11 of the Bankruptcy Code. The Penguin Drive-In is a landmark restuarant in the heart of Charlotte’s Plaza-Midwood Neighborhood. The Penguin Drive-In has been family owned and operated, and a local iconic meeting center for Charlotte, since its creation in…

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July 2014 News

On July 28, 2014 Partner Darren McDonough and IMGT successfully defended a foreclosure action where IMGT’s client had made an agreement with the Bank to satisfy the mortgage. The client paid the agreed upon amount and the Bank still filed the foreclosure action. IMGT and Partner Darren McDonough were able to get the bank to dismiss the foreclosure action. Making…

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June 2014 News

On June 25, 2014, the United States Bankruptcy Court for the Middle District of North Carolina, Winston-Salem Division confirmed the Chapter 11 Plan of Reorganization for a small company that operates a mobile home park based out of Lexington, North Carolina. At the Confirmation hearing, the Court congratulated the Debtor and IMGT for their speedy and efficient…

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May 2014 News

Congratulations to Partner Charles M Ivey III on his recent recognition by the National Academy for Bankruptcy Attorneys as a 2014 Nationally Ranked Top 10 Attorney Award. This recognition simply adds to a long history of awards and recognitions presented to Charles Ivey, and is evidence of the immense experience and dedication he brings to the leadership…

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April 2014 News

On April 15, 2014, ES2 Sports & Leisure, LLC, doing business as Proehlific Club at Forest Oaks filed for relief under Chapter 7 of the United States Bankruptcy Code. Shortly thereafter, Partner Charles M Ivey III was appointed as the active Chapter 7 Trustee in the case. ES2 Sports & Leisure, LLC was operating the facility known as…

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March Madness 2014

All is quiet on the IMGT front while the entire firm gets ready and geared up for March Madness! Several members of the firm are big ACC fans, including Samantha K Brumbaughwho is a big Duke University fan, Charles “Chuck” M Ivey IV who might be an even bigger Clemson University fan, John Blust who is an avid supporter of…

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