Small businesses facing a cash crunch frequently turn to lenders of last resort who can provide over six figures in funding in less than 48 hours. In the last decade, "merchant cash advance" companies have sprouted up to help fill this funding void.

This panel discusses what a merchant cash advance is and the varying views on how they are to be treated in bankruptcy cases.

SPEAKERS

• Chief Judge Lena M. James, U.S. Bankruptcy Court for the Middle District of NC, Winston-Salem
• Blake Y. Boyette, Buckmiller Boyette & Frost PLLC, Raleigh
• Richard P. Cook, Cape Fear Debt Relief, Wilmington

PRODUCED
Session from 46th Annual Bankruptcy Institute, December 8–9, 2023

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

Qualifies for NC State Bar Bankruptcy Law Specialization

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