June 27, 2017

Fast-Track Arbitration Helps Debtors & Creditors

My long experience in determining claims of creditors for distribution in liquidation cases has led to a new experience. ¬† I’ve been appointed by the Superior Court of Cabarrus County as the arbitrator to determine the distribution of approximately $500,000 to between more than 150 potential claimants.

The process has been carefully crafted to avoid long, drawn-out, and expensive litigation. It will resolve entitlement to the funds in slightly over three months.

To the best of my knowledge, this is the first time that an arbitration of this nature has occurred in the region. This “fast-track” arbitration offers both debtors and¬†their creditors a quicker and more cost-effective resolution to the claims process than may otherwise be available through a receivership or bankruptcy.