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By Ed Boltz, 7 May, 2026

NC Bus. Ct.: Allianz PCREL v. BLV Ascend—Receivership Stands Alone as Guaranty Claim Dropped; Another Insolvency Case Outside Chapter 11/Subchapter V

SummaryIn Allianz v. BLV Ascend, the North Carolina Business Court (Chief Judge Michael Robinson) delivers a clean, practical ruling on a somewhat over-lawyered problem: whether a plaintiff needs court permission to dismiss a guaranty claim—and whether doing so might jeopardize an already-in-place receivership.

The short answer: no and no.

By Ed Boltz, 6 May, 2026

N.C. Ct. App.: Southland Nat’l Ins. Corp. v. Lindberg — Interlocutory Appeals Shut Down in Ongoing Lindberg Fallout

By Ed Boltz, 5 May, 2026

N.C. S.Ct.: Smith Debnam v. Muntjan — Emails, Guaranties, and the Elasticity of the Statute of Frauds

Summary:

In Smith Debnam Narron Drake Saintsing & Myers, LLP v. Muntjan, the North Carolina Supreme Court reversed the Court of Appeals and held that a series of informal emails satisfied the statute of frauds for a guaranty of another’s debt.

By Ed Boltz, 4 May, 2026

Bankr. M.D.N.C.: In re Wagoner- Consumer Bankruptcy Practice: A $495/Hour Benchmark and What It Signals for Fee Requests

By Ed Boltz, 4 May, 2026

Law Review: Joseph A. Smith Jr., Thirty Years, Give or Take: Reflections on My Life in Banking, 30 N.C. Banking Inst. 1 (2026).

Available at: https://scholarship.law.unc.edu/ncbi/vol30/iss1/5

By Ed Boltz, 1 May, 2026

Bankr. M.D.N.C.: Cournoyer v. Schamens—Discovery Abuse Leads to Default Judgment and Denial of Discharge

Summary

In Cournoyer v. Schamens (Bankr. M.D.N.C. Apr. 3, 2026), the Bankruptcy Court delivered a blunt reminder that discovery is not optional—even for pro se debtors. Faced with more than 400 days of noncompliance, repeated violations of court orders, and what it characterized as a pattern of bad faith and dilatory conduct, the court struck the debtor’s answer and entered default judgment denying discharge under 11 U.S.C. § 727(a)(2), (3), and (4).

By Ed Boltz, 30 April, 2026

Bankr. M.D.N.C.: Parrott v. Yeh – Trigger (Creditors) and Badges (of Fraud) Trustee Takes Aim at Lindberg Web of Transfers and Alleged Fraudulent Scheme

Summary:

Parrott v. Yeh is another chapter in the ongoing effort to unwind transactions tied to the collapse of entities associated with Greg Lindberg—this time through the lens of a Chapter 7 Trustee exercising core avoidance powers under the Bankruptcy Code.

By Ed Boltz, 29 April, 2026

Law Review (Note): Masterton, Carsen - North Carolina's Debt Adjusting Attorney Exemption & Implications for Consumers, 30 N.C. BANKING INST. 465 (2026).

Available at: https://scholarship.law.unc.edu/ncbi/vol30/iss1/17

INTRODUCTION:

By Ed Boltz, 28 April, 2026

4th Cir. : Goddard v. Burnett- Means Test Compliance Is Not a “Get Out of Good Faith Free” Card

Summary:

In Goddard v. Burnett, the Fourth Circuit affirmed what many bankruptcy judges (especially in the Eastern Disttrict of North Carolina) have been signaling for years: the mechanical safe harbor of § 1325(b) does not displace the equitable backbone of Chapter 13—good faith.

By Ed Boltz, 28 April, 2026

Law Review (Note): Gabrielle R. Lanoue, Reframing Furnisher Obligations Under the FCRA: Roberts v. Carter-Young and the Objectively and Readily Verifiable Standard, 30 N.C. Banking Inst. 312 (2026).

Available at: https://scholarship.law.unc.edu/ncbi/vol30/iss1/13

INTRODUCTION:

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