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 work, having taken the case from initial filing of the Chapter 11 case to Confirmation of it’s Plan of Reorganization in just 10 months. The Plan of Reorganization sets forth the method by which the company will pay back some of it’s creditors, and reorganize into a more efficient company. Luckily for the company, and its owners, the company was not forced to liquidate any of its property. Congratulations to Partner Dirk W Siegmund and Associate Justin Kay, the two primary attorneys that worked on the case at IMGT, for their diligent work in representing the best interests of the client, and seeing this case through confirmation.