News & Information
Finding The Right Criminal Defense Attorney
Choosing the right criminal defense attorney can make a huge difference in your legal defense, and if it comes that far, your sentencing. Just like you wouldn’t want an orthopedic surgeon performing your brain surgery, you wouldn’t choose a corporate or probate lawyer to handle your criminal defense. While these attorneys may be adept at…
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 restaurant 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…
10 Signs You Need to File for Personal Bankruptcy
If you’re losing sleep at night because you’re worried about paying bills and have wondered if personal bankruptcy may be the solution, you’ve come to the right place. Bad things happen to good people so whether you or your spouse is out of work, have experienced a health issue or a personal matter such as divorce that…
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…
Differences Between Chapter 7 & Chapter 13 Bankruptcy
Chapter 7 and chapter 13 bankruptcies each have their own advantages and disadvantages. However the main difference between chapter 7 bankruptcy and chapter 13 bankruptcy for an individual or a couple is usually about the retention of property. The most common question asked is, “Will I get to keep my house” although some wish to…
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…
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.…
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…
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.…
Office Locations
Greensboro
305 Blandwood Ave
Greensboro, NC 27401
Phone: (336) 274-4658
Fax: 336-274-4540
Eden
551 Monroe Street
Eden, NC 27288
Phone: (336) 623-4600
