The Economic Loss Doctrine: A Valuable Shield for Lenders
June 6, 2025
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Thomas C. Wolff
Creditors' Rights Attorney
Thomas' practice encompasses a wide range of creditors' rights law and business transactions. His creditors' rights experience includes representation of financial institutions, lenders, community associations, and other creditors in collections and bankruptcy proceedings, as well as navigating commercial loan transactions and workouts. Thomas routinely represents creditors in commercial litigation, in addition to drafting complex loan and settlement documentation.
In his business practice, Thomas frequently assists clients on various issues, including stock and asset purchase transactions, the formation of new business entities, and drafting and negotiating contracts. A portion of Thomas' practice also focuses on representing planned community associations with a broad range of legal issues, including establishing and enforcing collection policies.
Prior to completing law school, Thomas worked for Ward and Smith in the Creditors' Rights practice section for seven years.
Education
- J.D., North Carolina Central University School of Law, 2017. Valedictorian
- B.A., East Carolina University, 2007
Honors and Distinctions*
- The Best Lawyers in America: Ones to Watch, Best Lawyers®, 2025
Professional and Community Affiliations
- Capital City Clauses, Inc. (Board Member, 2022-2024; Board Secretary, 2023)
- Wake County Bar Association (Board Member, Membership committee, 2021)
- American Bar Association
- North Carolina Bar Association (Bankruptcy Section)
- North Carolina Creditors Bar Association
Admitted to Practice
- North Carolina state courts
- United States District Court for the Eastern, Middle, and Western Districts of North Carolina
* Please see the following websites for an explanation of the membership standards for the following recognitions: www.bestlawyers.com; businessnc.com/special-sections/legal-elite/; and www.superlawyers.com/north-carolina.
