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Bankruptcy, Dismissal & Statutes of Limitation: A Landmine For The Unwary

The clock starts ticking the date the contract is breached.

−Bankruptcy, Dismissal & Statutes of Limitation: A Landmine For The Unwary

  A recent opinion issued by the North Carolina Court of Appeals should serve to remind all creditors of the necessity of vigilance when a debtor is in bankruptcy. In Person Earth Movers, Inc. v. Buckland,N.C. App. , 525 S.E.2d 230 (2000), the Court reviewed a matter in which a contractor performed work which was billed in a lump sum in August, 1989. The bill was not paid and in …Read More

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