The Major Players in Bankruptcy Proceedings
There are several roles in bankruptcy proceedings that may change slightly depending upon the type of bankruptcy relief sought – whether it is Chapter 7, 11, 12 or 13 – but the major players are almost always the same. We’ve listed a few of them below. Debtor: A debtor can be an individual, a business/corporation,…
Read MoreChapter 13 Bankruptcy Can Halt Foreclosure
One of the leading causes of filing for bankruptcy is the inability to repay a mortgage, or falling behind on a mortgage and not being able to catch it back up. Filing a Chapter 13 bankruptcy imposes the Automatic Stay (the “Stay”) against all creditors, including a mortgage company who is instituting a foreclosure proceeding. In…
Read MoreWhat you need to know about Chapter 7 Bankruptcy
If you’re considering filing Chapter 7 bankruptcy, here are a few things you need to know. Filing for relief under the Bankruptcy Code, including filing a Chapter 7 bankruptcy, can pose a number of advantages to individuals and businesses in financial difficulties. Two of the largest advantages are the discharge and the imposition of the “automatic…
Read MoreThe Most Common Criminal Offenses in the U. S.
We have over 40 years of combined experience as criminal lawyers in Greensboro, representing individuals on issues ranging from traffic tickets, to DUI defense, to misdemeanors, and all the way up to Capital Felonies. Ivey McClellan’s criminal defense attorneys in Greensboro can ably defend you in a criminal case, whether you’ve been charged with one of the…
Read MoreWhat Do Each Of The Bankruptcy Chapter Numbers Mean?
Bankruptcy is governed only by federal law. The federal laws of the United States are “codified” within books of various groups, almost like volumes, with each volume receiving a numerical title. For example, Veterans Benefits are addressed in Title 38 of the U.S. Code whereas Title 17 addresses Copyrights. Bankruptcy is found in Title 11…
Read MoreSkymall Filing Chapter 11 Bankruptcy
If you’ve flown any major airline throughout the U.S. in the past several years, you’ve undoubtedly stumbled upon a SkyMall magazine. SkyMall provides passengers with a unique shopping experience and even more unique gifts for purchase. Sadly, SkyMall filed for relief under Chapter 11 of the bBankruptcy Code in November of 2014. Its largest supporters,…
Read MoreChapter 7 Bankruptcy Infographic
Are you in the process of filing for Chapter 7 bankruptcy and would like to know more about the process? Download our graphic below to view approximate timelines and various decision points along the way. If you’d like more information, view our chapter 7 bankruptcy page.
Read MoreDecember 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…
Read More5 Largest Bankruptcy Cases of the Last 20 Years
Cities, municipalities, and even large corporations file bankruptcy in addition to individuals, couples, and local businesses. While individual, couple, and local business bankruptcy filings hit closer to home, they very rarely make the news or become of national importance, like those of larger national or international corporations do. The reasons behind large company bankruptcy filings…
Read MoreNovember 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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