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BANKRUPTCY RECOVERY OPTION

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Have you ever heard of section 503(b)(9) of the United States Bankruptcy Code?  It was an addition as part of the 2005 overhaul/update to that Code.  As too often happens with legislation, it appears to be a good idea which was incompletely drafted.  However, for material suppliers, it is worth knowing about and keeping in […]

Tech Jobs & Pay Continue to Surge in North Carolina

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Tech Jobs & Pay Continue to Surge in North Carolina                 According to CBRE Group, Inc., one of the world’s largest real estate investment managers, tech employment in Charlotte and the Triangle markets continue to grow at an impressive rate.  Charlotte has purportedly added nearly 22,000 tech jobs between 2011 and 2016, which represents a […]

Governor Cooper Signs New Business Contract Law Implementing Updated Choice of Law and Forum Selection Clause Standards

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Business contracts often include choice of law and forum selection clauses which many consider boilerplate.  If the contract breaks down and litigation begins, these terms become very important in determining where the lawsuit will be tried and which state’s laws will apply. The Business Law Section of the North Carolina Bar Association issued a thorough […]

Changes Coming to Credit

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Changes Coming to Credit Reporting                 Beginning July 1, 2017, TransUnion, Equifax, and Experian plan to stop collecting and reporting information related to civil judgments and tax lien information.  The change, which will affect millions of American consumers and their credit scores, is said to be in response to a 2016 settlement with 31 state […]

PIPELINE AND LIENS: AN INTERESTING COMBINATION

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Politics and economics create interesting conundrums – this is not a news flash.  The Triangle Business Journal points this out in an article on the new Atlantic Coast Pipeline which is about to wind its way north to south across eastern North Carolina.  From the construction industry perspective (and without getting into either the politics […]

THINKING ABOUT STARTING A BUSINESS

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THINKING ABOUT STARTING A BUSINESS As a law firm which works with start-ups, we are excited to hear that the Triangle area of North Carolina continues to be a leader on so many “best of” lists. Today, WRAL Tech Wire reports that Durham in No. 6 and Raleigh No. 12 on the list of best […]

Proposed Changes to NC Lien Agent Statutes

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On April 4, 2017, Senate Bill 602 was filed, proposing massive changes to the lien agent statutes of North Carolina.  The purported purpose of the revisions was to provide for the cancellation of a Notice to Lien Agent by the potential lien claimant.  Interestingly, the proposed changes seem to indicate that any such cancellation by […]

North Carolina: From Landfills to Energy

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Buncombe County is the latest to broadcast its plans to utilize a landfill site for purposes of a solar energy farm.  To lessen the economic impact of such a project, the County says that, although it will make an initial investment of $26,000.00 for engineering and feasibility studies, the plan will be to partner with […]

Courts Revisited

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Recently, Judge Marion Warren, the Director of the North Carolina Administrative Office of the Courts, addressed a civic group providing an overview of the North Carolina Court System and a preview of a much-anticipated report from the Chief Justices Commission on the Administration of Law & Justice (NCCALJ).  In his remarks, Judge Warren referred to […]

HIGH-SPEED INTERNET WORKSPACE OPENS IN RALEIGH

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Google Fiber’s communal work space, Fiber Space Raleigh, opened its doors on February 3, 2017.  Located in the famed 518 West location, off Glenwood Avenue, the space is designed to showcase Google Fiber’s superfast Gigabit internet and TV, which is now available in select areas of Wake County, and provide a common work space for […]

NORTH CAROLINA HOGS TO GENERATE ELECTRICITY

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Ground was broken in December on a nearly $100m facility in Warsaw, North Carolina which will utilize swine waste and other byproducts to generate natural gas.  The process, known as Carbon Cycle Energy, will pump the methane gas to Duke Energy power plants throughout North Carolina.  In 2007, North Carolina became the first state in […]