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Firm News

Ward and Smith Welcomes Attorneys Sean Foerster, Brad Hill, and Kelly Reid

May 7, 2026

Ward and Smith welcomes the arrival of three experienced attorneys, expanding the firm’s capabilities in business transactions, creditors’ rights, commercial litigation, and regulatory compliance…
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We’re Engaged! Engaged in a Fraudulent Transfer.

May 5, 2026

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Written By Lance P. Martin
Lucas Albrecht was underwater and heading toward bankruptcy. But he lived in a Raleigh home worth $420,000 with his domestic partner, Kirsten Moore.  The…
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Don’t Let Your Lawyer’s AI Problem Become Yours

April 21, 2026

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On March 10, 2026, a federal prosecutor with thirty years of experience stood before a magistrate judge in the United States District Court for…
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What the First Brands Implosion Teaches Lenders about Cash Collateral in Bankruptcy

April 7, 2026

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Written By Lance P. Martin
You know the phrase: Cash is king. Never is it truer than in the early days of Chapter 11 bankruptcy. If you make asset-based…
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Bonnie and Claude: The Court Ruling That Could Expose Fraudster’s AI Conversations

March 11, 2026

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A New York federal court just issued the first published ruling to tackle head-on whether conversations with a public AI chatbot are protected by…
Firm News

Attorneys Paul Fanning and Lance Martin Named to Top 100: 2026 North Carolina Super Lawyers List

March 9, 2026

Ward and Smith is proud to announce that attorneys Paul A. Fanning and Lance P. Martin have been named to the Top 100: 2026…
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Does One Defendant’s Bankruptcy Derail My Entire Lawsuit?

February 24, 2026

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Written By Lance P. Martin
Sometimes a business deal doesn’t work out, and the parties decide to see each other in court. What happens if during the lawsuit one…
Firm News

25 Ward and Smith Attorneys Recognized as 2026 North Carolina Super Lawyers and Rising Stars

February 18, 2026

Ward and Smith is pleased to announce that 25 of its attorneys were recognized in the 2026 North Carolina Super Lawyers and Rising Stars…
Firm News

Lily Faulconer Named to ECU’s 2026 40 Under Forty Leadership Awards

January 29, 2026

Attorney Lily Faulconer has been named to East Carolina University’s 2026 40 Under Forty Leadership Awards, a distinction that recognizes alumni under the age of…
Firm News

Lance Martin Inducted into the Business North Carolina Hall of Fame for Bankruptcy

January 13, 2026

Ward and Smith bankruptcy law attorney Lance Martin has been honored with induction into Business North Carolina’s 2026 Hall of Fame for Bankruptcy. The…
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The Fourth Circuit’s 2025 Bankruptcy Decisions: Section 524(g) Trusts, Jurisdiction over Solvent Debtors, and Good Faith

January 13, 2026

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2025 brought remarkable clarity—and continuing controversy—to mass tort bankruptcies in the Fourth Circuit. The Court decided two landmark opinions on asbestos channeling injunctions and…
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Ward and Smith’s Top 10 Most Popular Articles of 2025

December 19, 2025

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As we reflect on 2025, it’s time to highlight the articles that have most resonated with readers throughout the year. Ward and Smith attorneys…
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Portrait of a Bad Faith Bankruptcy

November 21, 2025

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Written By Lance P. Martin
  You have to work really hard to file a Chapter 11 case that gets dismissed from the jump. Bankruptcy courts tend to bend…
Firm News

Ward and Smith Ranked by Best Law Firms® in 2026

November 6, 2025

Ward and Smith, P.A., has been recognized in the 2026 Edition of Best Law Firms®. The firm was ranked by Best Law Firms in 30 practice…
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Friend or Fraudster: How a Contractor Scam Artist Drove a Company Into Bankruptcy

October 31, 2025

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Written By Lance P. Martin
Property owners beware: that friendly contractor who becomes “like family” might just set you up for financial ruin. A recent decision from the United…
Firm News

Ward and Smith Welcomes Michael Weaver, Leader of the Columbia Office

October 13, 2025

Ward and Smith, P.A., is pleased to announce the addition of Michael H. Weaver to the firm’s Corporate and Creditors’ Rights practice. Michael joined…
Firm News

Ward and Smith Welcomes Five Attorneys Across Multiple Practice Areas and Locations

October 8, 2025

Ward and Smith, P.A. is pleased to announce the addition of five attorneys who bring a wide range of experience to the firm’s litigation,…
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Depositor’s Remorse: How a Million-Dollar Deposit Became Bankruptcy Estate Property

October 3, 2025

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Written By Lance P. Martin
When a company files bankruptcy, you can generally assume that funds in its bank accounts will be property of the bankruptcy estate. Exceptions are…
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Essential Strategies for North Carolina Creditors: Foreclosures, Fraudulent Transfers, and Piercing the Corporate Veil

September 19, 2025

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Not every loan proceeds as planned. When borrowers default, understanding available legal options can mean the difference between recovery and writing off substantial losses.…
Firm News

68 Ward and Smith Attorneys Honored by Best Lawyers® for 2026

August 21, 2025

Ward and Smith is proud to share that 68 attorneys have been recognized by Best Lawyers in America®. Of those honored, 55 were named to…
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The Economic Loss Doctrine: A Valuable Shield for Lenders

June 6, 2025

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  Lenders have likely encountered situations where borrowers push back against collection efforts. Sometimes, they may even accuse you of causing them harm through…
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Don’t Disrespect the Receivership

April 5, 2024

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A recent decision by the North Carolina Business Court highlights the risks of interfering with property that is part of a receivership estate. The…
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Lenders Seeking Loan Modification After Bankruptcy, Beware!

February 16, 2017

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LENDERS CANNOT REVIVE A GUARANTY OBLIGATION DISCHARGED IN BANKRUPTCY WITH A SUBSEQUENT MODIFICATION OR FORBEARANCE AGREEMENT, EVEN WITH NEW CONSIDERATION; AND ATTEMPTING TO DO…
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“Let The Lender Beware!”: The Surrender Of Commercial Real Estate Collateral In Chapter 11 “Dirt For Debt” Bankruptcy Plans

May 4, 2012

Over the last several years, lenders have experienced an increasing number of defaults on loans secured by commercial real estate.  More defaults are likely…