Creedmoor Bankruptcy Lawyer, North Carolina, page 3

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George Oliver
About | Practice Areas
Oliver & Cheek, PLLC
405 Middle Street New Bern, NC 28560» view map
Bankruptcy & Debt Law
Your Business Partner

Oliver & Cheek, PLLC is a full service business firm providing a wide range of legal services to clients in North Carolina.

252-633-1930
1. George Oliver New Bern, NC
  Attorney at Law- NJ, 1999
  University of North Carolina School of Law, J.D. 1999
2. AboutOliver & Cheek, PLLC
  Your Business Partner
3. Practice AreasExpertise
  Bankruptcy & Debt Law
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Nathan Frank Simms

Real Estate, Commercial Bankruptcy, Bankruptcy

Status: Suspended Licensed: 35 Years

CONTACT

5 Moore Dr F1167, Durham, NC 27709

Dominique Wilson Williams

Criminal, Bankruptcy, Products Liability, Personal Injury

Status: In Good Standing Licensed: 15 Years

CONTACT

1033 Bullard Court, Raleigh, NC 27615

Gregory B. Crampton

Litigation, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

3317 Alleghany Drive, Raleigh, NC 27609

Kevin L. Sink

Real Estate, Litigation, Corporate, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

3600 Glenwood Avenue, Raleigh, NC 27612

Jeffrey M. Cook

Lawsuit & Dispute, Divorce & Family Law, Misdemeanor, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

5886 Faringdon Place, Raleigh, NC 27609

Joseph Zachary Frost

Civil & Human Rights, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 12 Years

CONTACT

9208 Falls Of Neuse Road, Raleigh, NC 27615

Jeremy Todd Browner

Construction, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

Hillsborough, NC 27278

Christopher Patrick Farris

Construction, Employment, Commercial Bankruptcy, Professional Malpractice

Status: In Good Standing

CONTACT

6604 6 Forks Rd, Raleigh, NC 27615

Suzanne R. Begnoche

Consumer Rights, Civil & Human Rights, Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

Chapel Hill, NC 27515

David Mcintosh

Consumer Bankruptcy

Status: Inactive Licensed: 18 Years

CONTACT

Durham, NC 27709

800-923-0641

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

FCRA

See Fair Credit Reporting Act.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

SAMPLE LEGAL CASES

Morales-Rodriguez v. Carolina Quality

... On 9 August 2007, defendants appealed to this Court. These proceedings were stayed on 23 January 2008 pursuant to 11 USC Â§ 362 by reason of a bankruptcy proceeding filed by individual defendant, Cynthia Vinson. By ...

Woods v. Mangum

... the Estate. Plaintiffs also filed for federal bankruptcy protection on 29 August 2002 and were released from bankruptcy on 438 3 May 2007. The Mangums' claim was not discharged as a result of plaintiffs' bankruptcy. The Executrix ...

Moss Creek Homeowners Ass'n v. Bissette

... ("Byron"). Byron filed for bankruptcy protection in 1991, and received its discharge from bankruptcy on 24 August 2005. ... The Bissettes next argue that the assignment of rights of the Declaration and the subsequent bankruptcy of Byron renders the covenant unenforceable. ...

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Creedmoor Bankruptcy Lawyer, North Carolina, page 3

Sponsored Law Firm

Oliver & Cheek, PLLC

SPONSORED LAWYERS

Nathan Frank Simms

Dominique Wilson Williams

Gregory B. Crampton

Kevin L. Sink

Jeffrey M. Cook

Joseph Zachary Frost

Jeremy Todd Browner

Christopher Patrick Farris

Suzanne R. Begnoche

David Mcintosh

TIPS

LEGAL TERMS

COLLATERAL

ABUSE

CREDIT COUNSELING

DEFINED CONTRIBUTION PLAN

BULK SALES LAW

PREFERENCE

WINDING UP

FCRA

FRAUDULENT TRANSFER

SAMPLE LEGAL CASES

Morales-Rodriguez v. Carolina Quality

Woods v. Mangum

Moss Creek Homeowners Ass'n v. Bissette

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