News & Information

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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The History of Bankruptcy

In ancient times, relief from debt was unknown. The exception was within the Old Testament nation of Israel in which, every seventh year, debts were absolved regardless of the amount (Deut. 15). Until the last century, in most every culture, an indebted individual faced enslavement, often for life, or imprisonment until the debt was paid.…

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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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Bankruptcy Glossary

Assets All tangible and intangible property that provides benefit, either real or potential, to its owner or potential owner. Bankruptcy A petition to place the financial affairs of an individual or a business that is having difficulties paying debts or is facing the inability to repay certain debts under the control of a bankruptcy court.…

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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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6 Step Checklist for Estate Planning

A Guide To Preparing for the Future It’s important to understand that wills and trusts are not just for the wealthy, the elderly or the infirm. You likely have worldly possessions that need to be distributed after your death but who takes care of your debts if you become ill and can’t do it yourself?…

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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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February 2014 News

On February 19, 2014, partner Dirk W Siegmund was successful in getting the Plan of Reorganization Confirmed in the Chapter 12 Case of In Re Garner. Chapter 12 Bankruptcies are an often unused form of relief available to individuals who are family farmers or family fishermen. Chapter 12 Reorganizations are often confusing and difficult to complete by attorneys who…

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Happy New Year 2014

Happy New Year and welcome to 2014! If you have any resolutions for this up and coming year, whether it’s finally getting your fiances in order, dealing with those tax debts that have been looming over your head, incorporating that new business you’ve been meaning to start, or getting your will finally drafted, now is a great time to get…

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Office Locations


100 South Elm Street Suite 500
Greensboro, NC 27401
Phone: 336-274-4658
Fax: 336-274-4540


551 Monroe Street
Eden, NC 27288
Phone: (336) 623-4600

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