October 17, 2017

Bankruptcy Attorney: Advising Receivers

In my practice as a bankruptcy lawyer, I also have occasion to work on cases involving receivership and have advised receivers. It is important to note that a receiver must be a neutral third party, with no ties to or interest in the debtor or its business, or its creditors.  The court oversees the  receiver’s actions in accordance with the North Carolina statutes governing receiverships. Case … [Read more...]

Receivership: North Carolina Bankruptcy Equivalent

While most people have some familiarity with the concept of bankruptcy under federal law, many people are unaware of the concept of receivership under North Carolina law. What is receivership? A federal bankruptcy judge oversees the bankruptcy case, with the help of the Bankruptcy Administrator. In a receivership, the North Carolina court appoints a receiver who is an officer of the court and … [Read more...]