A common alternative to UCC financing statements (discussed in the February 27, 2012 installment of the Vann & Sheridan Blog) to secure the extension of credit or loans is the use of a Deed of Trust. Whereas UCC financing statements convey and memorialize a creditor’s interest in the collateral of the debtor, a Deed of Trust conveys an interest in the real property owned by the debtor to the creditor. …Read More
PRESS RELEASE FOR IMMEDIATE RELEASE RALEIGH, N.C. – Chad J. Cochran, Attorney at Law with Vann & Sheridan LLP, has been recently elected President of International Focus, Inc., a local non-profit organization which promotes international awareness in the Triangle area and presents the annual International Festival of Raleigh. Chad has served as a member of its Board of Directors since 2010. International Focus’ mission is “to support North Carolina’s international …Read More
PRESS RELEASE FOR IMMEDIATE RELEASE RALEIGH, N.C. – Ms. Nan E. Hannah, partner at the law firm Vann & Sheridan LLP, was appointed Chair of the Construction Law Section of the North Carolina Bar Association on July 1, 2010. Ms. Hannah is admitted to the North Carolina State Bar and served on the Council of the Construction Law Section between 2003 and 2006. In 2009, Ms. Hannah was appointed Vice-Chair …Read More
Prior to the summer of 2009, a North Carolina supplier could file a lien against a project after its customer filed for bankruptcy protection. North Carolina Bankruptcy Judge Small turned that standard on its head when he held that such lien filings violate the automatic stay (legal protection afforded to bankrupt entities). Since the decision, suppliers generally refrained from filing liens against bankrupt parties in the Eastern District of North …Read More
Obtaining a judgment in court is only the first step in pursuing delinquent accounts. While a judgment is a binding acknowledgement that money is owed, it does not actually force a debtor to pay. In light of that, and in order to combat a debtor’s avoidance efforts, there are some important things that need to be done after a judgment is entered to maximize the probability of collection. Immediately upon …Read More
