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  • 6 Reasons Why Congress Should Allow Businesses With Up to $10 Million in Liabilities Reorganize Under Subchapter V

    The Small Business Reorganization Act (“SBRA”) celebrates its second birthday in February 2022. “Subchapter V” – the SBRA’s pragmatic addition to chapter 11 – arrived just in time for the economic shock of the global COVID-19 pandemic. It has been a bright spot of activity in an otherwise sleepy bankruptcy system over the past 20 months. As of this writing, more than 2,600 businesses have elected to restructure under the new law: representing about 75% of small business chapter 11 cases filed since the start of 2020. The success rate of subchapter V cases is several times higher than standard chapter 11. About 2/3 of the confirmed plans are consensual with significant creditor support. And these cases are quick, with most businesses confirming plans within 6 months of filing (compared to 11 months in standard chapter 11). The unique provisions of Subchapter V allow debtors to build consensus, avoid protracted litigation, and quickly emerge from bankruptcy with a manageable debt load. >>READ MORE

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    This article was co-published by Ciara Rogers of Oliver & Cheek, PLLC in addition to several other Subchapter V trustees.

  • Attorney Ciara L. Rogers named to 2020 class of NC Pro Bono Honor Society

    Raleigh, NC: Oliver & Cheek, PLLC is proud to announce that attorney Ciara L. Rogers has been named to the 2020 class of the North Carolina Pro Bono Honor Society for her continued commitment to meeting the legal needs of people with low income and modest means in the state.

    The North Carolina Pro Bono Honor Society is administered by the North Carolina Bro Bono Resource Center, which was launched in 2016 as a program of the North Carolina Equal Access to Justice Commission and recognizes attorneys who complete at least 50 hours of pro bono service annually.  The Society allows the North Carolina legal profession to celebrate the importance of attorney volunteerism and encourage colleagues and peers to get involved.

    Rogers’ practice focuses on debtors’ and creditors’ rights in all chapters of bankruptcy, serving as a Sub-Chapter V trustee, representing state court appointed receivers, and litigation before state and federal courts. In addition to being selected to Business North Carolina Magazine’s 2021 Legal Elite, Rogers is also a two-year recipient of the Super Lawyers Rising Star honor.  Rogers anchors Oliver & Cheek’s Raleigh office and directs the Stubbs Bankruptcy Clinic at Campbell Law School.

    Oliver & Cheek, PLLC, has offices in New Bern, Greenville, Raleigh, Wilmington and Wilson, North Carolina and serves a diverse range of clients throughout the eastern portion of the state. For more information, contact us at www.olivercheek.com.

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  • Oliver & Cheek Attorneys Named to 2021 NC Legal Elite and Super Lawyers

    For immediate release                                    For more information contact:
    January 22, 2021                                           Cathi Miller at 252-633-1930        

    Oliver & Cheek Attorneys Named to 2021 NC Legal Elite and Super Lawyers

    Oliver & Cheek, PLLC attorneys George M. Oliver and Ciara L. Rogers have been named to both Business North Carolina Magazine’s 2021 Legal Elite list for bankruptcy law and to the 2021 Super Lawyers top attorneys in North Carolina. Those receiving the honor of NC Legal Elite are chosen by members of the North Carolina State Bar and represent fewer than 4% of the state’s active attorneys as the current best in 16 business-related legal categories. Super Lawyers annually selects no more than 5% of a state’s lawyers who have attained a high degree of peer recognition and professional achievement.  Both lists are widely used as a resource for attorneys and consumers seeking legal counsel.

    Oliver is a board-certified specialist in business bankruptcy law, certified by the North Carolina State Bar. He has been recognized in the Legal Elite for Bankruptcy since 2009 and has received numerous other professional awards, including designation by Super Lawyers magazine as one of North Carolina’s bankruptcy Super Lawyers since 2009. Considered a leader in the field of bankruptcy law, Oliver has been a frequent speaker at legal conferences on bankruptcy issues across the country and has authored several articles on the topic for national publications.

    Rogers’ practice focuses on debtors’ and creditors’ rights in all chapters of bankruptcy, serving as a Sub-Chapter V trustee, representing state court appointed receivers, and litigation before state and federal courts. In addition to being selected to Business North Carolina Magazine’s 2021 Legal Elite, Rogers is also a two-year recipient of the Super Lawyers Rising Star honor.  Rogers anchors Oliver & Cheek’s Raleigh office and directs the Stubbs Bankruptcy Clinic at Campbell Law School.

    Oliver & Cheek, PLLC, has offices in New Bern, Greenville, Raleigh, Wilmington and Wilson, North Carolina and serves a diverse range of clients throughout the eastern portion of the state. For more information, contact us at www.olivercheek.com.

  • Time to use those gift cards and store credit

    Would you just throw away $20 or $50?

    Of course not.

    But, many people do with gift cards. It’s estimated unused ones add up to about $20 billion nationwide.

    With companies filing for bankruptcy, attorney Ciara Rogers (from the Law Offices of Oliver & Cheek, PLLC) suggested people use their gift cards as soon as possible.

    Even though stores and restaurants are open, it may not be enough for all of them to survive — some are headed for bankruptcy. >> READ MORE

  • Unemployment is up in NC, but bankruptcies are down – so far

    July 20, 2020: RALEIGH, N.C. — The coronavirus pandemic has wreaked havoc on North Carolina’s economy:

    • The state unemployment rate jumped to 12.9 percent in April as businesses were ordered closed to limit the spread of the virus. As restrictions have eased, the jobless rate fell back to 7.6 percent in June, but that is still double what it was before the pandemic.
    • More than 800,000 people statewide have received about $6.1 billion in unemployment benefits, with about two-thirds of that coming from federal benefits that are set to expire at the end of the week.
    • More than 1,600 North Carolina companies also obtained anywhere from $150,000 to $10 million through the federal Paycheck Protection Program – another 105,000 received lesser amounts – to keep workers on their payrolls.

    WRAL Investigates found that those investments have paid off on at least one front so far – personal bankruptcies are down in North Carolina. But that safety net could soon run out.

    Ciara Rogers discusses her hopes for the future and how to successfully plan for financial security. >>READ MORE

    law offices of oliver and cheek, locations, New Bern Nc, Business law, Consumer law, estate planning,

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