Bankruptcy Articles
Homebuilder with North Carolina ties files Chapter 11 Bankruptcy
According to reports, Orleans Homebuilder recently filed for Chapter 11 bankruptcy protection after defaulting on loans. The homebuilder will apparently continue selling houses in several states including North Carolina while reogranizing under Chapter 11 bankruptcy protection.
If you need assistance with a Chapter 11 bankruptcy, please don’t hesitate to call the Raleigh Chapter 11 bankruptcy attorneys at Hendren, Redwine & Malone.
Bankruptcy victim Hasentree lots sold
As reported recently in the Wall Street Journal, luxury home builder Toll Brothers just bought the Wake Forest, North Carolina golf course property known as Hasentree. The project went into bankruptcy after Suntrust Bank foreclosed on the project in December 2008.
If you need assistance with a Chapter 7 bankruptcy or a Chapter 11 bankruptcy or have any questions about bankruptcy, contact the Raleigh, North Carolina bankruptcy attorneys at Hendren, Redwine & Malone, PLLC at 866-573-8832.
K & S Cafeteria Files Chapter 11 Bankruptcy
Raleigh and Cary K&S Cafeteria has filed for Chapter 11 bankruptcy protection but is not planning to close its two area stores. The company, which is legally K&S Cafeteria at Tower, Inc., filed in U.S. Bankruptcy court last week. It currently operates one store in Raleigh on Bastion Lane and one in Cary at South Hills Mall. Click here for the full article.
General Motors - 4th Largest Chapter 11 in U.S. History
The economic downturn claimed its biggest victim as General Motors filed for Chapter 11 Bankruptcy on June 1, 2009 in the United States Bankruptcy Court for the Southern District of New York. GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 billion in debt and $82.29 billion in assets. For more on the General Motors bankruptcy and to see some of the documents associated with the filing, go to http://documents.nytimes.com/general-motors-bankruptcy-filing#p=1.
Raleigh area golf course files Chapter 11 bankruptcy
Falls Village Golf is trying to reorganize as it seeks protection from creditors. The New Jersey company, which runs the 10-year-old golf club off Falls Village Lane in Durham, has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court. The company listed 2.58 million in assets. It owes creditors at least $14.8 million, court records show.
