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Welcome and Farewell

October 2018 has been a time of change for our law firm. Hannah Sheridan & Cochran, LLP is pleased to announce the arrival of Emily Anne Buttrick and Bethany Sneed as part of our team. At the same time, we…

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The Long and Winding Road of Bankruptcy

As the economy appears to be settling into what we can only presume is the new normal, once again contractors and subcontractors are, from time to time, filing petitions in the bankruptcy court.  A few years ago, everyone was filing…

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The Value of a Professional Attorney

The practice of law represents a constant lesson in human nature. Clients oftentimes visit with us amid difficult personal and financial situations. Our job is to counsel our clients through tough times and provide them with logical options for the…

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Protecting Your Rights: Equipment Supplier Tips

Did you ever consider the challenges which can arise when the equipment you supply has wheels or tracks and is mobile? For rental equipment suppliers, the provisions of Articles 2 and 3 of North Carolina General Statutes Chapter 44A and…

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Public-Private Partnerships Come to North Carolina

“The health of a democratic society may be measured by the quality of functions performed by private citizens” – Alexis de Tocqueville, Democracy in America, 1835. In August of 2013, Governor McCrory signed into law House Bill 857 (codified as…

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Remote Deposits: Risk and Reward

By:  Chad J. Cochran Yesterday at lunch, a woman ahead of me in line asked to pay for her sandwich with a check.  The deli worker looked a bit startled and then replied, “I’ve been working here three months and…

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CREDIT REPORTING TO CREDIT BUREAUS

Every now and then the listserv for the North Carolina Bar Association’s Bankruptcy Section lights up with a discussion which is of interest to creditors. One such discussion occurred recently regarding the duty of a creditor to report payments to…

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Who Owes the Debt? North Carolina Guaranties and Suretyship

Confusion often exists as to the differences between the multiple types of guaranty agreements and suretyship agreements in North Carolina.  Although subtle differences can dictate when the liability of a party may be triggered, they do share some initial similarities. …

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Tax Season: Understanding the I.R.S.

My first job out of law school was situated two blocks from the White House, working in a cubicle for the Internal Revenue Service.  I worked as a tax lawyer in the Exempt Organizations Group and reviewed organizations for a…

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Termination for Convenience Clauses

As part of the continuing series of articles identifying important construction contract clauses, perhaps the most impactful clause in a contract can be the standard termination for convenience clause. Imagine this scenario: your firm expended time and material in bidding…

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IDENTIFYING PARTIES IN UCC FINANCING STATEMENTS

Effective July 1, 2013, identification of an individual who is party to a UCC-1 Financing Statement changed.  Gone are the days of listing the debtor as “Joe Smith.”  Now, you must use the name as it is indicated on the…

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Whistleblower Claims are Increasing – Beware!

In the past, many whistleblower claims arose out of simple revenge.  A fired or aggrieved employee seeking retribution against his employer for a termination or demotion.  Today, however, people are reporting complaints at an ever-increasing rate under a variety of…

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The Art (and Implications) of the “Short-Pay”

Consider the following scenario: Seller claims $100.00 is due for goods provided.  Buyer claims that only $75.00 is owed.  Buyer then mails a check to Seller for $80.00, marked “paid in full”.  What are the consequences if the Seller deposits…

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