Attorney Profiles


Albert F. Durham 
Suite 1200
227 West Trade Street
Charlotte, North Carolina 28202-1672
 

Communication Center 
Phone: (704) 334-0891
E-mail: Email Me
Fax: (704) 377-1897
(704) 377-0395
Web site: http://www.rcdlaw.net


PositionAreas of PracticeEducation
HonorsAffiliationsRepresentative Cases


Practice Description:

Al Durham represents debtors in business workouts and financial reorganizations and trustees, debtors, creditors and statutory committees in business bankruptcies under Chapter 7 or 11 of the Bankruptcy Code. A substantial part of his practice focuses on restructuring financing and/or operations outside a formal court proceeding for financially distressed business entities. He has appeared in Bankruptcy Courts in North Carolina, South Carolina and Delaware.

Mr. Durham is a regular speaker for seminars sponsored by the North Carolina Bar Association and the Mecklenburg County Bar. He has been a speaker for the National Association of Bankruptcy Trustees.

Representative Matters:

In re The Thaxton Group, Inc., et. al. (Bankruptcy Court, District of Delaware, 03-13183). Represented thirty-one related debtors in the orderly liquidation of the assets of selected debtors and in reorganizing the consumer finance business of other debtors through a confirmed Chapter 11 plan of reorganization.
 
In re HomeGold, Inc. and HomeGold Financial, Inc. (Bankruptcy Court, District of South Carolina, 03-3864 and 03-3865). Representation of a publicly traded holding company with a wholly owned subsidiary that operated as a specialty finance company primarily engaged in the business of originating, selling, and servicing sub-prime first and second-lien residential mortgage loan products and in obtaining confirmation of a joint Chapter 11 plan with a related debtor.
 
In re Saber Cargo Airlines, Inc. (Bankruptcy Court, Western District of North Carolina, 03-32283). Served as counsel for the debtor in Chapter 7 filing for regional cargo airlines.

In re GS Industries, Inc., et. al. (Bankruptcy Court, Western District of North Carolina, 01-30319). Served as local counsel to the Creditors Committee in related cases involving a leading producer of special steel products, mainly wire rods used in the automotive, construction and consumer applications industries, and grinding products and mill liners used in the worldwide mining industry. Assisted in the orderly wind up of their business affairs, strategic sales and confirmation of several Chapter 11 plans.

In re Quality Link Bertie, L.P. (Bankruptcy Court, Western District of North Carolina, 00-51125). Served as counsel for the debtor in going concern sale of a nursing home facility and confirmation of a Chapter 11 plan.

In re Lida Stretch Fabrics, Inc. (Bankruptcy Court, Western District of North Carolina, 98-30618). Served as counsel for the debtor in going concern sale of a textile company and assisted with confirmation of a Chapter 11 plan.

Current Employment Position(s):
Partner
Year Joined Organization:
1994
Areas of Practice:
Business Workouts and Restructuring
Business Bankruptcy
Certification/Specialties:
Bankruptcy Law, Certified Specialist, The North Carolina State Bar Board of Legal Specialization, 1987


Business Bankruptcy Law, American Board of Certification, 1993


Bar Admissions:
North Carolina, 1975
U.S. District Court Western District of North Carolina
U.S. District Court Middle District of North Carolina
U.S. District Court Eastern District of North Carolina
U.S. Court of Appeals 4th Circuit
U.S. Supreme Court
Education:
University of North Carolina School of Law, Chapel Hill, North Carolina, 1975
J.D.


University of North Carolina, Chapel Hill, North Carolina, 1970
A.B.
Major: History


Representative Cases:
In re The Thaxton Group, Inc., et. al. (Bankruptcy Court, District of Delaware)
In re HomeGold, Inc. and HomeGold Financial, Inc, (Bankruptcy Court, District of South Carolina)
In re Saber Cargo Airlines, Inc. (Bankruptcy Court, Western District of North Carolina)
In re GS Industries, Inc., et. al. (Bankruptcy Court, Western District of North Carolina)
In re Quality Link Bertie, L.P. (Bankruptcy Court, Western District of North Carolina)
In re Lida Stretch Fabrics, Inc. (Bankruptcy Court, Western District of North Carolina)
Honors and Awards:
Woodward/White, Inc.'s The Best Lawyers in America (Bankruptcy), 1996 - 2008


Business North Carolina magazine's "Legal Elite" (Bankruptcy), 2003 - 2008


Law & Politics' North Carolina Super Lawyers (Bankruptcy), 2006 - 2008


Professional Associations and Memberships:
Bankruptcy Court for the Western District of North Carolina
Former Member, Panel of Trustees


North Carolina Bar Association's Bankruptcy Section, 1990 - 1991
Chairman


United States Bankruptcy Court for the Western District of North Carolina
Former Member, Local Rules Committee


North Carolina Bar Association, Bankruptcy Section
Former Council Member


North Carolina State Bar
Former Member, Bankruptcy Specialization Committee


Rayburn Cooper & Durham advises clients in North Carolina business law matters, including:

  • Business Workouts and Restructure
  • Business Bankruptcy
  • Business Formation and Governance
  • Corporate Finance and Mergers, Acquisitions, and Divestitures
  • Contracts and Business Transactions
  • Business Ownership Disputes
  • General Civil Litigation
  • Complex Business Litigation