It’s our pleasure to again this year congratulate our colleagues at Longleaf Law on being recognized among the top attorneys in North Carolina and nationwide. Penn Clarke and Jamie McCaskill have been selected as 2021 Legal Elite attorneys by Business North Carolina in the Real Estate category and Ben Worley in the Construction category. Clarke was also recognized in the Young Guns category.Every year, active members of Business North Carolina are invited to vote for
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 13 of 13: A small business debtor under Subchapter V of Chapter 11 can modify a secured creditor’s rights if the claim is secured by a lien on the debtor’s principal residence and the
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 12 of 13: A sometimes insurmountable hurdle for Chapter 11 debtors is the requirement that the Chapter 11 administrative claims must be paid in full by the effective date of the plan, as a
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 11 of 13: The absolute priority rule, which requires Chapter 11 debtors (or its equity owners) who wish to retain their equity interest to pay unsecured creditors in full, can be a frustrating hurdle
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 10 of 13: In a traditional Chapter 11 case, the debtor must solicit the acceptance of the plan by at least one impaired class of claims as a prerequisite to confirmation. Under the new
