Womble Carlyle attorney Bill Sullivan
discussed North Carolina bankruptcy filing trends with the Triangle Business Journal
. Overall, bankruptcy filings appear to be up, both in number and size, from 2011.
However, Sullivan tells the Triangle Business Journal that there is at least one positive trend. The market for distressed commercial real estate loans, and that may help some companies avoid bankruptcy.
Bill Sullivan is a Fellow in the American College of Bankruptcy, a Board Certified Specialist in Business Bankruptcy Law, and a trial lawyer with more than 30 years of experience. Sullivan’spractice consists largely of representing defendants and plaintiffs in litigation involving financial disputes; creditors in business bankruptcy and insolvency proceedings; and commercial mortgage backed securities (“CMBS”) trusts and their special servicers in connection with defaulted loans. His litigation experience includes mediations, arbitrations, jury and bench trials, and appellate work.
This document is intended as an informational reminder and does not constitute legal advice. If you have any questions or would like to discuss a particular situation, please contact Womble Carlyle Sandridge & Rice, LLP. The purpose of this article is to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances.