Articles Posted in Chapter 11 Bankruptcy and Financial Workouts

As reported by Greensboro News and Record, the Erwin family could retain control of the Ham’s Restaurant chain built by Charles Erwin, according to bankruptcy filings. And Charles Erwin could remain at the helm, although without a financial stake in the company. A motion filed July 9 shows that Erwin’s parents, through a Raleigh-based company…

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…

As reported by the Raleigh News and Observer, the luxury development known as the Legacy at Jordan Lake has recently filed for Chapter 11 bankruptcy protection in North Carolina. This is yet another case of a real estate deal gone sour. The firm of Hendren and Malone, PLLC has significant experience with Chapter 11 bankruptcy…

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.

As reported by Reuters, Raleigh, North Carolina based industrial textiles manufacturer Xerium Technologies Inc on Tuesday filed for Chapter 11 bankruptcy protection in a Delaware court under a pre-arranged deal with its lenders to cut debt by about $150 million. According to its website, Xerium has 32 manufacturing facilities in 13 countries and over 3,370…

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 and Malone, PLLC.

As reported by the Myrtle Beach Sun Times, golf course owner Mike Matheny’s reworked reorganization plan to bring Palmetto Greens Golf & Country Club and Carolina Shores Golf & Country Club out of Chapter 11 bankruptcy was approved Tuesday by a judge with the U.S. Bankruptcy Court for Eastern North Carolina. If you need assistance…

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…

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…

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…