Bankruptcy court guts N.C. lien statute

In a decision entered July 30, 2009, the Bankruptcy Court for the Eastern District of North Carolina held that a bankruptcy trustee can avoid the lien claim of a subcontractor whose claim derives from a claim of lien on funds asserted under North Carolina state law. The case is In re: Harrelson Utilities, Inc.

Legal Background

Filed under:
USA, North Carolina, Construction, Insolvency & Restructuring, Litigation, Williams Mullen, Bankruptcy, Debtor, General contractor, Subcontractor, Title 11 of the US Code, United States bankruptcy court
Authors:
John I. Mabe, Jr
Location:
USA
Firm:
Williams Mullen