Carteret County, NC Credit & Debt Lawyers

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George Oliver
About | Practice Areas
Oliver & Cheek, PLLC
405 Middle Street New Bern, NC 28560» view map
Bankruptcy & Debt Law
Your Business Partner

Oliver & Cheek, PLLC is a full service business firm providing a wide range of legal services to clients in North Carolina.

252-633-1930
1. George Oliver New Bern, NC
  Attorney at Law- NJ, 1999
  University of North Carolina School of Law, J.D. 1999
2. AboutOliver & Cheek, PLLC
  Your Business Partner
3. Practice AreasExpertise
  Bankruptcy & Debt Law
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2. Email
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Sydney Cummings

Criminal, DUI-DWI, Estate Administration, Federal

Status: In Good Standing

FREE CONSULTATION

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613 Cedar Street, Beaufort, NC 28516

James Cummings

Federal, Felony, DUI-DWI, Criminal

Status: In Good Standing

FREE CONSULTATION

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613 Cedar Street, Beaufort, NC 28516

Stephen Valentine

Accident & Injury, Divorce, Family Law, Mediation

Status: In Good Standing

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306 Cedar Street, Beaufort, NC 28516

Edward L. Murrelle

Accident & Injury, Wills & Probate, Estate, Medical Malpractice, Social Security -- Disability

Status: In Good Standing

CONTACT

912 Arendell Street, Morehead City, NC 28557

Nelson W. Taylor

Civil & Human Rights, Business, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 69 Years

CONTACT

610 Arendell Street, Morehead City, NC 28557

Sundee G. Stephenson

Farms, Divorce, Child Support, Adoption

Status: In Good Standing Licensed: 23 Years

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315 Turner Street, Beaufort, NC 28516

Kimberly Lynn Farias

Estate, Family Law, Divorce, Criminal, Civil Rights

Status: In Good Standing

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4050 Arendell Street, Morehead City, NC 28557

Stevenson L. Weeks

Traffic, Federal Appellate Practice, Civil & Human Rights, Personal Injury, Child Custody

Status: In Good Standing

CONTACT

Beaufort, NC 28516

James M. Lupton

DUI-DWI, Felony, Misdemeanor

Status: In Good Standing

CONTACT

Beaufort, NC 28516

Joshua Tetterton

Traffic, White Collar Crime, DUI-DWI, Criminal

Status: In Good Standing

CONTACT

Beaufort, NC 28516

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

SAMPLE LEGAL CASES

Stovall v. Stovall

... III. Credit for Debt. ... Both plaintiff and defendant assign error to the trial court's findings and conclusions which gave defendant a "credit" for debt payments of $160,000.00 toward the New Madison debts after the date of separation. ...

Commercial Credit Group, Inc. v. Barber

... Acting on behalf of Creditor, Commercial Credit Group's Senior Vice President, Mr. Mattocks, offered an opening bid of $100,000. ... After the auction, Creditor deducted the $100,000 net sale proceeds from Debtor's outstanding debt and found that Debtor's total outstanding ...

Citibank (South Dakota), NA v. Bowen

... WS Bowen, defendant-appellant, pro se. HUNTER, Judge. Citibank, South Dakota, NA ("plaintiff") filed an action in the District Court of Harnett County on 13 March 2007 to recover an outstanding credit card debt from WS Bowen ("defendant") in the amount of $18,716.17. ...

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Carteret County, NC Credit & Debt Lawyers

Sponsored Law Firm

Oliver & Cheek, PLLC

SPONSORED LAWYERS

Sydney Cummings

James Cummings

Stephen Valentine

Edward L. Murrelle

Nelson W. Taylor

Sundee G. Stephenson

Kimberly Lynn Farias

Stevenson L. Weeks

James M. Lupton

Joshua Tetterton

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

TOXIC TORT

BULK SALES LAW

BANKRUPTCY TRUSTEE

BANKRUPTCY

C CORPORATION

NUISANCE FEES

WINDING UP

ABUSE

SAMPLE LEGAL CASES

Stovall v. Stovall

Commercial Credit Group, Inc. v. Barber

Citibank (South Dakota), NA v. Bowen

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