Bankruptcy Articles

North Carolina Home Care Services Company Files Chapter 11 Bankruptcy

Hendren & Malone filed Chapter 11 Bankruptcy for a home care services agency on June 3, 2014.  The case was filed to give the company an opportunity to restructure its IRS and State of North Carolina obligations.  The Plan of Reorganization is due to be filed in September.  The company has been operating for seventeen (17) years and has approximately 400 employees.

Raleigh Medical Device Company Emerges From Chapter 11

Hendren & Malone filed Chapter 11 Bankruptcy for a local medical device company in January 2014.  The Company’s operations were impacted due to reduced Medicaid reimbursement rates for medical devices and related supplies and services.  The Company’s Chapter 11 Plan was recently approved by the United States Bankruptcy Court for the Eastern District of North Carolina.  We are pleased that the Company’s reorganization was successful.

Raleigh Based Commercial Real Estate Company Prepares to Emerge Successfully from Chapter 11

Hendren & Malone filed Chapter 11 Bankruptcy for Commercial Real Estate Company in Raleigh in December 2013.  The Bankruptcy Court has now approved the company’s Chapter 11 Plan, which allows the company to retain all of its assets and pay its creditors in full over time.  Chapter 11 filing stopped a bank foreclosure  and allowed the company time to restructure all of its debts.  We are very pleased that the company will get a fresh start.

Raleigh Commercial Real Estate Company Prepares to Emerge from Bankruptcy

Hendren & Malone filed Chapter 11 Bankruptcy for a Commercial Real Estate Company in October 2013.  The Company will appear in Court next week to have its Chapter 11 Plan confirmed.  The Debtor will enjoy a multi-year marketing plan to maximize the value of its office building.  It is anticipated that the Plan will result in the satisfaction of all creditor claims.

Multi-State Restaurant Operation Emerges From Chapter 11 Reorganization Successfully

Hendren & Malone filed Chapter 11 for a multi-state restaurant chain last fall.  After restructuring all of its debts and terminating operations at unprofitable locations, the Durham based restaurant chain has emerged from Chapter 11 successfully.  We are very pleased that the company has returned to profitability and will continue to provide jobs for its many employees.

Cary, North Carolina Commercial Property Protected From Bank Foreclosure

Hendren & Malone recently completed a Chapter 11 sale of commercial property located in Cary, North Carolina.  The Company successfully avoided foreclosure and retained ownership of the property for more than two years while it marketed and sold its assets.  As a result of the Chapter 11 sale process, all creditors were paid in full, with a return to the shareholders.  Call us today if you are facing bank collection action, including foreclosure.

Eastern North Carolina Real Estate Company Chapter 11 Plan Confirmed

A residential real estate developer located in New Bern, North Carolina is prepared to emerge from Chapter 11 with a confirmed Plan of Reorganization.  On October 31, 2013, the Company received an Order from the United States Bankruptcy Court for the Eastern District of North Carolina confirming the Company’s Plan.  As a result of the Order, the company has resolved all issues with its primary lenders and can continue selling its real estate inventory in order to maximize value for the benefit of its creditors.

Historic Hotel in Fayetteville North Carolina Seeks Chapter 11 Bankruptcy Protection

The owner of the historic Prince Charles Hotel in Fayetteville filed for Chapter 11 Bankruptcy protection on April 12, 2012.  The United States Bankruptcy Court recently confirmed the Plan of Reorganization and the company has emerged from bankruptcy successfully.

Eastern North Carolina Farming Operation Files Chapter 11 Bankruptcy

Hendren & Malone filed Chapter 11 Bankruptcy for a large farming operation in Eastern North Carolina on April 4, 2012.  The reorganization plan was recently approved by the United States Bankruptcy Court for the Eastern District of North Carolina, and the company was successfully rehabilitated.

We are very pleased that the company will move forward with a fresh start.

Hendren & Malone Files Bankruptcy For Raleigh Real Estate Developer

The bankruptcy team at the Raleigh law firm of Hendren & Malone has recently filed a Chapter 11 bankruptcy petition for a longtime Raleigh developer.

For more on this recent bankruptcy filing, click here for the story in the Triangle Business Journal.