A problematic financial situation can develop out of a wide range of circumstances, from a weak economy to customer defaults. Our attorneys have extensive experience in bankruptcies, defaults and similar situations, and help companies that face bankruptcies as well creditors.

Nexsen Pruet handles the full scope of matters in bankruptcy and creditors' rights cases — from the most sophisticated to the most routine, start to finish. Our attorneys are also well versed in collections laws and techniques, and can help you recover money or other assets you are owed.

Extensive Legal, Industry and Geographical Capabilities

Our bankruptcy practice involves debtor and creditor representation in Chapter 11 reorganizations, liquidations and Section 363 sales, and creditor representation in Chapters 7 and 13 bankruptcy cases. Our attorneys have an extensive range of experience handling bankruptcy, insolvency and preference litigation.

Nexsen Pruet’s bankruptcy and creditors’ rights lawyers frequently handle workouts, foreclosures, bankruptcies, receiverships and collection matters in the Carolinas and across the country.

Our services include:

• Acceleration and enforcement of loan documents against real and/or personal property in both state court and bankruptcy court on behalf of lenders
• Assisting with workouts, bankruptcies and out-of-court liquidations on behalf of businesses and business owners
• Bankruptcy litigation
• Bankruptcy reorganizations
• Collateral recovery and disposition
• Collections
• Credit procedures
• Enforcement of secured creditors’ rights
• Foreclosures
• Insolvency litigation
• Negotiating forbearance, intercreditor and subordination agreements
• Providing default notices
• Receiverships
• Tax issues in insolvency proceedings
• Workouts and forbearance agreements

Experienced Attorneys

Our attorneys have been involved in a number of matters that reflect the diverse skills of our lawyers.

Specific examples include:

• Representation of farm credit lender with $62 million facility on ethanol plant
• Representation of indenture trustee for $130 million of notes in steel company case
• Co-counsel for $950 million of debentures in national restaurant chain case
• Co-counsel for $500 million senior secured loan by bank group in a textile company case
• Successful non-bankruptcy workout for 100-year-old textile company
• Representation of indenture trustee for $74 million of secured notes in steel company case
• Local counsel for $174 million secured debt in 475 multi-state convenience store chain Chapter 11 case
• Representation of guarantor in non-bankruptcy workout involving $100 million of construction-related bank debt
• Receiver in various state and federal matters on behalf of creditors and the United States Securities and Exchange Commission

Nexsen Pruet recognizes the importance of having lawyers that reflect the broad diversity within our client base, our jury system, our colleagues, and our community at large.  To that end, we are committed to recruiting minority candidates, reducing minority attrition, supporting minority organizations, and expanding and improving our diversity program.  We also recognize that the pursuit of a diverse workplace is, and should be, ongoing. 

As a means of promoting these interests, we created the Nexsen Pruet Diversity Scholarship Program. Prior to creating the scholarship, we completed a written plan that identified methods by which the firm could recruit, hire, and retain minority lawyers. The plan includes expanding our recruitment efforts to other law schools, increasing recruitment of lateral minority and female candidates, and continuing to develop and enhance our relationships with minority law organizations such as the Black Law Students Association.  Our goal is to identify qualified minority candidates who may be potential members of the firm.

Nexsen Pruet understands the need for and value of increased diversity, and we are strengthening and building upon our commitment to provide an inclusive environment within our firm.  As such, we will maintain a continuing focus on doing whatever we can to achieve the important and necessary goal of diversity.

Nexsen Pruet Diversity Scholarship

Strengthening the Lawyers of Tomorrow...Today

   The Nexsen Pruet Diversity Scholarship aims to:  

• Support diversity within our firm and the bar  
• Enhance educational opportunities for talented minorities in the field of law  
• Inform minority law students of opportunities for private practice in the Carolinas   

The Scholarship Program will award $3000 to one or more exceptional first year minority law students planning a career in North or South Carolina.   

All scholarship recipients will be considered for summer employment in one of the Nexsen Pruet offices upon completion of their first year of law school.  Scholarship recipients are invited to re-apply for additional scholarships during their second and third years of law school.   

 Eligible students must be attending one of the following schools:

• University of North Carolina School of Law
• University of South Carolina School of Law
• Wake Forest University School of Law 
• North Carolina Central University School of Law 
• Charleston School of Law
• Charlotte School of Law