Articles

Lake Placid, New York: The Executive Committee of the International University Sports Federation (FISU) voted today to confirm the selection of North Carolina USA as Host of the 2029 FISU World University Games. The FISU Executive Committee is meeting in Lake…

Prior to the start of a project, it is smart for subcontractors to ensure that they are protected from future issues which could cost them money and cause frustration. Below are a few key terms that should be included in…

In February 2020, the Small Business Reorganization Act of 2019 became effective, implementing a new pathway for small businesses to file bankruptcy. Codified in Subchapter V of Chapter 11 of the United States Bankruptcy Code, this subchapter initially applied to…

The COVID-19 pandemic has had a tremendous impact on many different industries across the world, including the Construction Industry. In particular, the COVID-19 pandemic has affected the supply chain for many construction materials which has caused dramatic increases in pricing…

As North Carolina sees a resurgence in renewable energy solutions to future energy needs, once again the question of getting paid for labor and materials provided to develop a solar farm arises. Remembering that though there have been tweaks over…

The pandemic accelerated economic trends and exposed weaknesses. Governments print money, while supply chains are disrupted. Locally, home prices are soaring. A global computer chip shortage could last up to two years. Inflation is becoming reality in our day-to-day lives.…

As North Carolina sees a resurgence in renewable energy solutions to future energy needs, once again the question of getting paid for labor and materials provided to develop a solar farm arises. Remembering that though there have been tweaks over…

The COVID-19 pandemic has had a tremendous impact on many different industries across the world, including the Construction Industry. In particular, the COVID-19 pandemic has affected the supply chain for many construction materials which has caused dramatic increases in pricings…

When a creditor desires to collect a debt from a debtor, they must first receive a judgment.  There are several types of judgments that will suffice in this situation.  The pretrial types of judgments are as follows: Confession of Judgment,…

You have successfully obtained a judgment against a debtor. Now what do you do?  There is a process to collect on the judgment. Once a judgment is obtained and the Defendant, (the debtor) is served, the debtor has 30-days to…

During the COVID-19 pandemic, everyone has spent more time inside their homes than in the pre-pandemic world. During this extended period of time in the home, creativity may have sparked an idea for a business, or given extra motivation to…

Have you ever tried to be nice to a struggling customer only to have a bankruptcy trustee later send you a letter telling you that you have to return money that customer paid in the 90-days before they filed bankruptcy?…

An experienced lawyer sits down with her client. She listens intently to the client’s telling of how his rights have been violated. The client wants to sue the wrongdoers for every penny they are worth: “Go get them. I hired…

From an attorney’s perspective, it is easy to see that many customers view their suppliers as part of the team, not as a lender. The customer purchases materials for use on projects and anticipates paying for the materials once the…

Have you ever tried to be nice to a struggling customer only to have a bankruptcy trustee later send you a letter telling you that you have to return money that customer paid in the 90-days before they filed bankruptcy?…

The legal system can be difficult to navigate, and occasionally it may seem that the costs to pursue a matter may outweigh the benefits. However, if you are owed $10,000.00 or less, you may wish to represent yourself in Small…

If you noticed an increase in your paycheck beginning in mid-September, you’re not the only one. As a result of President Trump’s August 8th Memorandum for the Secretary of the Treasury, payroll tax, which equates to 6.2% of an employee’s…

Ever wonder what the difference is between a District Court Judge, a Superior Court Judge, a judge on the Court of Appeals, and a Justice on the North Carolina Supreme Court? This November, understanding the distinctions between those courts will…

Construction supply costs generally increase a small amount over time. Yet, sometimes market pressures result in erratic price swings. In 2020, market pressures created huge price swings for a key construction material—wood. Lumber futures started the year just above $400,…

For many years, credit card agreements forbade merchants from passing along the cost of accepting credit cards. With airline miles, cash back, and other incentives for consumers to use credit cards, merchants are experiencing ever increasing fees as more and…

On July 20, 2017, Governor Roy Cooper signed the bill enacting the North Carolina Uniform Power of Attorney Act (the “Act”). The Act repeals much of the older existing law dealing with powers of attorney (POA), and seeks to clarify…

For the past 5 years or so, the economic recovery resulted in fewer business bankruptcies. For many creditors, this lull provided a needed opportunity not to consider what happens when a customer files a bankruptcy petition. While the numbers remain…

Over the past few years, the economy has hummed along and picked up speed. As the economy recovered credit standards relaxed a bit. Also, credit departments hired new staff who do not remember the Great Recession in terms of how…

Is the new lien law working or is the economy simply humming along?  A good question for all those involved in the construction industry right now.  As April arrives, we complete the fourth year under the new age of the…