Author Archives: Oliver Carter III

About Oliver Carter III

Oliver Carter III is an attorney with Carter and Carter Law Firm in Wilmington, North Carolina. The firm offers business and financial law services including bankruptcy, business litigation, estate planning, and foreclosure law.

Learn more and connect with Oliver on Google+.

615 Hours of Pro Bono & Public Interest Work in 2014

March 27th, 2015

The numbers are in—during 2014, Carter & Carter provided over 615 hours of legal and paralegal services on pro bono and public interest matters.  That’s several hours per week per employee!  The attorneys and support staff at Carter & Carter contributed their […]

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All About Short Sales

December 8th, 2014

What is a short sale? “Short sales” allow property owners to sell their property for less than the amount they owe on their mortgage. A short sale is often a good alternative to foreclosure because it results in a better […]

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Will My Claim Be Paid in Bankruptcy? Part III – Secured Debts

April 22nd, 2014

In our prior blog posts, we have examined certain types of debt. First we learned about priority debts. Next, we learned about nondischargeable debts. Now we will turn our attention to secured and unsecured debts. The difference between an unsecured […]

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Will My Claim Be Paid in Bankruptcy? Part II – Nondischargeable Debts

April 8th, 2014

As we discussed in the previous blog post “Will My Claim Be Paid in Bankruptcy? Part 1 – Priority Claims,” people or companies file bankruptcy because they can’t pay their debts on time or in full. Most individual and corporate […]

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Debtors’ Prison Abolished

December 17th, 2013

On this day in 1821, Kentucky became the first state to abolish debtors’ prison.  The federal government and other states followed suit over the next several decades, and by the end of the nineteenth century bankruptcy law had replaced debtors’ […]

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Will My Claim Be Paid in Bankruptcy? Part 1 – Priority Claims

December 13th, 2013

Part 1 — Priority Claims People file bankruptcy because they can’t pay their debts. When a bankruptcy debtor doesn’t have enough money to pay all of its creditors in full, the Bankruptcy Code provides that certain types of claims will […]

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Chapter 7, Chapter 13, Chapter 11 Bankruptcy – What’s the Difference?

September 26th, 2013

Filing bankruptcy can provide a “fresh start” to individuals, married couples, or companies struggling with insurmountable debt or harassing creditors. The Bankruptcy Code provides different relief depending on the debtor’s situation, but most cases are filed under Chapter 7, Chapter […]

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NC Small Claims Courts to Increase Limits on Claims in August 2013

August 7th, 2013

Increases on Limits on Amounts in Controversy in State Court: Superior Courts will hear claims above $25,000; District Courts will hear claims from $10,000 to $25,000; and small claims courts will hear claim from $5,000 to $10,000 The North Carolina […]

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Can Public Workers’ Pensions Survive Municipal Bankruptcy?

August 7th, 2013

A federal judge ruled in April that the city of Stockton, CA, was legally eligible to enter Chapter 9 bankruptcy after they had filed in late 2012.  This case raises questions that are also present in Detroit’s bankruptcy, especially the […]

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