News & Information

skymall bankruptcy cat pod

Skymall 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,…

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A typical timeline in a Chapter 7 Bankruptcy Filing from Credit Counseling to Debt Discharge and Case Closing

Chapter 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.

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December 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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5 larget bankruptcies of the past 20 years

5 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…

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November News

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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5 things to know about chapter 11

5 Things To Know About Chapter 11 Bankruptcy

1) Automatic Stay: As soon as the bankruptcy petition is filed with the court, the automatic stay goes into effect. The automatic stay prevents creditors from taking certain actions against your business. For instance, no further legal action can be brought against your business, including an attempt to collect a debt, repossess or foreclose property,…

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October News

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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prepare for bankruptcy consultation

Preparing For Your Bankruptcy Consultation

If you are an individual looking to talk with one of our attorneys about debt counseling or bankruptcy advice, it is not necessary to bring a multitude of documents with you to your free consultation. All that we require is that you have a general understanding of your assets (the things you own) and your…

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September News

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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Phone: (336) 623-4600