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Vann & Sheridan Attorneys at Law

January 2013

Foreign Judgments in North Carolina

By Chad Cochran
January 29, 2013
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Our clients often hold out-of-state judgments against businesses or individuals with a presence in North Carolina.  They quickly learn that these judgments are not able to act as a lien against North Carolina property without further action.  Thankfully, North Carolina will recognize out of state judgments by following a straightforward process. North Carolina is one of forty-seven states which adopted the Uniform Foreign Judgment Act.  A judgment, decree, or court …Read More

New Year’s Questions

By Joe Davies
January 14, 2013
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The turn from one year to another is a good time to reflect both personally and professionally, even from a legal perspective.  There are a number of areas for both where a little thought can make a big difference. On a personal level, the new year is a perfect time to examine your estate planning and to make any changes that may be necessary because of the previous year’s events.  …Read More

Secured Credit and Lending: Confession of Judgment

By Cody Loughridge
January 7, 2013
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While UCC financing statements (discussed in the February 27, 2012 installment of the Vann & Sheridan Blog) and Deeds of Trust (discussed in the April 26, 2012 installment of the Vann & Sheridan Blog) are prevalent instruments used to secure the extension of credit at the onset of a lending relationship, a Confession of Judgment can be a useful tool to secure the repayment of credit already extended.  Generally speaking, …Read More

N.C. Legislature & the North Carolina Lien & Bond Law Arena

By Paul Sheridan
January 2, 2013
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The legislature was busy this year passing several bills that affected the North Carolina lien and bond law arena.  After years of weaving the proposals through the process and the General Assembly, portions of the newly enacted laws are about to take effect. In regards to the changes that affect public projects, effective January 1, 2013 the new law relating to North Carolina’s public projects provides contractors with some protection …Read More

New Year brings New Laws

By Cody Loughridge
January 1, 2013
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A new calendar year is often marked by resolutions and renewed energy. In North Carolina, it also signals the enactment of new laws which can affect both your personal life and your business. As we conclude 2012 and look towards 2013, we’ve compiled some new laws that are set to take effect in North Carolina on January 1, 2013. Please note that the following simply highlights select new laws and …Read More