BANKRUPTCY ARTICLES
Chapter 7 Bankruptcy
Raleigh Based Xerium to Exit Bankruptcy
Xerium Technologies has won court approval for its prepackaged reorganization plan and expects to exit bankruptcy protection by the end of the month. The Raleigh company on Friday also reported first quarter net sales of $135 million, up 15.9 percent from a year earlier. Xerium produces equipment used to make paper and has been hit hard by the global recession.
Read more: http://www.newsobserver.com/2010/05/15/483172/xerium-to-emerge-from-bankruptcy.html#ixzz0o2oBZjVV
Wake County bankruptcy filings rise
As reported by the Triangle Business Journal, bankruptcy filings rose slightly in Wake County in March 2010 when compared with March 2009. Interestingly, Wake County accounted for almost one quarter of the bankruptcy filings in the Eastern District of North Carolina.
Wake County Bankruptcy filings rise
As reported by the Triangle Business Journal, bankruptcy filings in Wake County, North Carolina continued to rise in February. Click here for more.
If you need assistance with a Chapter 7 bankruptcy or Chapter 11 bankruptcy, please contact the Raleigh, North Carolina bankruptcy attorneys at Hendren, Redwine & Malone, PLLC.
Wilmington marina assets auctioned for Chapter 7 bankruptcy
As reported by the Wilmington Star, Wilmington, North Carolina based Watermark Marina will have its assets sold off at auction on March 20. Watermark Marina of Wilmington LLC filed for Chapter 7 bankruptcy liquidation on Nov. 14, 2008, owing $10 million to $50 million, according to court documents.
If you need assistance with a Chapter 7 bankruptcy, please contact the Chapter 7 bankruptcy attorneys at Hendren, Redwine & Malone, PLLC.
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.
