Supplemental examinations are a way for creditors and their attorneys to question a judgment debtor and learn more about assets that they possess during the post judgment collections process. Similar to the examination of a witness, the party may be…
When did you last truly think about your payment terms? How many of your customers have “stretched you out”? If you operate relying upon open accounts, do your terms match the way you actually bill? Let’s first think about the…
A judgment, once obtained, is not all encompassing, and in North Carolina, some debtors have the right to exempt certain property from the collections process. A North Carolina judgment creditor must provide notice of an individual debtor’s rights, and allow…
Once in a while, an attorney hears both sides of a sad story. Recently, our firm obtained a sizable judgment against a debtor. Subsequently, we learned that company had sold its assets to a competitor for a seven-figure sum. That…
Has a debtor ever tried to evade or get away from you by selling or giving away their significant assets? If so, did you feel like you had nothing that you could do? Well there are legal standards that might…
Many years ago, a lawyer for whom I have the utmost respect told me that he sat down every New Year’s Day and re-read the Rules of Criminal Procedure from start to finish. That is a tedious assignment to give…
Hannah Sheridan & Cochran is proud to announce that Chad Cochran has been admitted to practice before the United States Court of Appeals for the Fourth Circuit. Please join us in congratulating Chad on this exciting next step.
This June, in the companion cases SFFA v. Harvard and SFFA v. UNC, the US Supreme Court issued a ruling effectively eliminating the application of affirmative action in the college admissions process. While the immediate effects of the Court’s ruling…
If an individual or a corporate entity is owed money from another individual or corporate entity, taking legal action could potentially lead to the entry of a judgment against the party which owes you,…
Interrogatories are one more tool for judgment creditors to use to discover a debtor’s assets subject to an outstanding judgment. Interrogatories may be used to investigate bank information, personal property, real property, or other assets otherwise left undisclosed. As in…
Next year, small business owners, LLC owners, and anyone who owns/runs a similar entity will have a new filing that they will have to make and update. The Corporate Transparency Act (“CTA”) will require corporations, LLCs, other similar U.S. entities…
Collections matters in North Carolina, even after a Judgment in the creditor’s favor, can often be a tough nut to crack unfortunately. Which is why it can be important to know what instruments are at your disposal to provide the…
Any contract that is entered into should be carefully reviewed to fully understand the scope and terms contained therein. However, when it comes to contracts for construction, there are certain key provisions that should be focused on due to their…
Post-Covid construction practices present some changes that were not anticipated in 1969 when the core of the current North Carolina lien law, as it pertains to subcontractors and suppliers, was drafted. Those changes may present fodder for litigation in the…
So you’re a newly established small business owner and you’re looking to make your mark and get your company off the ground? Well first of all, congratulations! This is an exciting first step and we here at Hannah Sheridan &…