Debt Solutions for NC with John T. Orcutt Law Firm

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Debt Solutions for NC with John T. Orcutt Law Firm Don't fret...we erase debt! Ready for a fresh start? It is time to talk to a friendly member of our

10/05/2026

Filing for bankruptcy can offer a fresh start by giving people a legal way to address debts they can no longer realistically repay. It can stop many collection calls, lawsuits, wage garnishments, and other creditor actions through a court protection called the automatic stay. Depending on the type o...

09/30/2026

Meritage Hospitality Group, one of Wendy’s largest U.S. franchisees, filed for Chapter 11 bankruptcy after a combination of falling sales, sharply higher food costs, heavy debt pressure, and a dispute with Wendy’s made its finances unsustainable. The Grand Rapids-based operator runs 314 Wendy’...

09/23/2026

The Law Offices of John T. Orcutt proudly congratulates Ryan Srnik on his formal appointment to the U.S. Bankruptcy Court for the Eastern District of North Carolina’s Local Rules Committee. Although Ryan had already been serving on the Committee, the Court’s September 9 order formally renewed an...

09/21/2026

Yardbird Group filed for Chapter 11 because its restaurant business has accumulated more debt and financial obligations than it can comfortably manage under its normal operations. In simple terms, the company is using the bankruptcy court to gain breathing room, keep the business running while it re...

09/08/2026

American Efficient, a Durham-based energy company, filed for Chapter 11 bankruptcy because it faces a government order totaling more than $1.1 billion—far more than the company says it can afford to pay. The Federal Energy Regulatory Commission (FERC) concluded that the company improperly collecte...

09/02/2026

Saint Augustine’s University in Raleigh is in Chapter 11 bankruptcy, which is a court-supervised process meant to give an organization time to reorganize its finances rather than immediately shut down. In simple terms, the school has far more debt and financial obligations than it can currently ha...

08/25/2026

Debt settlement companies often promise that they can reduce what you owe for less than the full balance. They may tell you to stop paying your creditors and instead send money to the settlement company or into a special account each month. While this can sound like a simple path out of debt, it can...

08/18/2026

Chapter 7 and Chapter 13 are two common types of personal bankruptcy, but they work in very different ways. Chapter 7 is generally a faster process that can erase many unsecured debts, such as credit-card balances and medical bills, for people with limited income and few assets they could lose. Chap...

08/12/2026

Stagflation can contribute to more bankruptcy filings in North Carolina because it combines rising prices with slower economic growth and increased unemployment. In this environment, the cost of essentials rises while jobs, work hours, wages, and small-business revenue may weaken. Households and bus...

08/05/2026

In 2026, the U.S. foreclosure market showed a clear year-over-year rise, with the sharpest increases clustered in a mix of Western, Southern, and Midwestern states. Using ATTOM’s mid-year report on lender repossessions (REOs), the top 10 states with the largest annual increases were Colorado, Flor...

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