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Jennifer Lyday Receives 2022 Pro Bono Award for the Bankruptcy Section of the NCBA

On November 11th, Jennifer Lyday, an Attorney at Waldrep Wall Babcock & Bailey PLLC, received the 2022 Pro Bono Award for the Bankruptcy Section of the North Carolina Bar Association.

Jennifer has significant pro bono experience, particularly in helping domestic violence victims obtain 50-B protection orders while working with Legal Aid of North Carolina. She has also represented parents of children abducted and taken into the U.S. in Hague Convention cases, her work on which won her the North Carolina Bar Association Young Lawyer Pro Bono Award in 2013. In those cases, she represents foreign parents whose spouses have abducted children and brought them to the U.S. She still takes such cases, which often require her to speak Spanish to her pro bono clients. She also helped a victim of religious persecution in Burma obtain asylum in the U.S. In addition, from 2016 to 2022, she served on the board of directors for The Children’s Law Center of Central North Carolina in several capacities including Chair, which provides a voice for vulnerable children in high-conflict custody and domestic violence cases by volunteering to be appointed guardian ad litem in such cases. Jennifer has also volunteered to be appointed guardian ad litem in those cases. Jennifer has also developed a partnership with Legal Aid of North Carolina’s Winston-Salem Office such that her law firm will take on certain consumer bankruptcy cases on a pro bono basis.

Jennifer volunteered her services this year for the pro bono programs offered in the Middle District and Eastern District Bankruptcy Courts. The pro bono programs provide a volunteer attorney to assist certain unrepresented parties that are unable to employ an attorney on their own behalf (pro se) with adversary proceedings and certain contested matters.

On Friday, March 4, 2022, Jennifer participated in the 4ALL Statewide Service Day, an annual call-a-lawyer pro bono program that engages volunteer attorneys to provide free legal information to thousands of North Carolinians, from the mountains to the coast. 4ALL is the North Carolina Bar Foundation’s largest annual pro bono program. Jennifer volunteered to provide advice, information, and resources to callers seeking information regarding North Carolina-related legal matters.

Earlier this year, Jennifer assisted First Church of God in Christ in Winston-Salem in stopping the foreclosure of their church. They have owned their worship space property, which contains a building valued at almost $1 million, for 23 years. Like most commercial real estate owners, First Church had a five-year term on the loan that was secured by their church property. When the term ended in February 2022, the lender was not willing to work with First Church to extend the term or give them additional time to refinance the loan, despite having an excellent payment history and substantial equity in the property. Within a few months of the term due date, the lender filed a foreclosure action in Forsyth County. First Church initially contacted Jennifer to explore the possibility of filing bankruptcy to stop the foreclosure action. After determining that bankruptcy would not be the right fit in this situation and would be too costly, Jennifer and Diana Johnson (an Associate at Jennifer’s firm), along with the firm’s bankruptcy team, decided to assist the church pro bono to delay the foreclosure action long enough for First Church to find another lender to refinance the loan. Jennifer also assisted First Church in submitting documents to the new lender and in explaining the new loan terms. Eventually, First Church was able to secure a ten-year term with a new lender and was able to obtain additional funds to replace their existing air conditioning units. Jennifer also assisted in coordinating with attorney Patti Dobbins, of Patti D Dobbins Attorney at Law, PLLC, to do the refinance loan closing pro bono. Attorney Dobbins coordinated a closing date that was flexible for the First Church board, prepared the necessary closing documents, and filed all the necessary paperwork to complete the refinance. First Church was able to close on the new loan on August 25, 2022. After the new loan closed, the foreclosure action was dismissed, and First Church was no longer at risk of losing their church home of over 20 years. First Church Pastor Bernie Cundiff stated, “Jennifer, Diana, and the team at Waldrep Wall Babcock & Bailey PLLC went the extra mile for us. They helped us every step of the way with excellence, and it was truly ‘The Hand of the Lord’!” Lisa Lash, First Church Secretary, stated, “We have been extremely blessed to have worked with such an extraordinary team! Jennifer and Diana were truly engaged in every phase of the process. Equipped with all the knowledge necessary to complete a case such as ours, they guided us with professionalism and confidence – always there to support us with an eagerness to see us succeed. We will forever be grateful for their diligence, work ethic, and their sincere compassion for our church.”

In addition to her legal, professional pro bono volunteer services, Jennifer has served as Parish Council since 2019 for the church she attends, Holy Cross Orthodox Church, in Kernersville, North Carolina.

Jennifer also manages and coordinates all of the pro bono efforts at her law firm, and strongly encourages and supports the pro bono efforts of all of the firm’s attorneys.

Several WWBB Attorneys To Speak at the 45th Annual Bankruptcy Institute

Waldrep Wall Babcock & Bailey PLLC Attorneys Jim Lanik, Ciara L. Rogers, and Jennifer B. Lyday will be speaking at the 45th Annual Bankruptcy Institute held this year at the Grandover Resort in Greensboro, North Carolina November 11-12. This year’s Bankruptcy Institute features a wide array of current and developing issues facing North Carolina bankruptcy practitioners. Our firm’s attorneys will be speaking on the following topics:

“Chapter 5 Actions and Bankruptcy Litigation,” Jim Lanik

Complex and important litigation frequently arises in bankruptcy cases. Such litigation is often brought by bankruptcy trustees and debtors-in-possession using the special statutory powers that the Bankruptcy Code provides. This panel shares an overview of current developments in bankruptcy litigation in North Carolina’s three federal districts.

“The Emergence of Subchapter V,” Ciara L. Rogers

With the recent increase in its availability, debtors have increasingly turned to the small business bankruptcy provisions of Subchapter V of the Bankruptcy Code. In this session, two experienced business bankruptcy practitioners discuss the increasing use of Subchapter V in bankruptcy reorganizations.

“Managing Privilege Issues in Bankruptcy,” Jennifer B. Lyday

This session addresses the unique privilege issues that arise in counseling clients contemplating bankruptcy and subsequently arise in bankruptcy cases and related bankruptcy litigation.

Jennifer Lyday to Participate in Debate About the Trendy “Texas Two Step” Mass Tort Bankruptcies

On November 9th, Jennifer Lyday of Waldrep Wall Babcock & Bailey PLLC, Shari Dwoskin and Tristan Axelrod of Brown Rudnick LLP, Jeffrey Gleit of ArentFox Schiff, and Geoffrey Miller of Dentons will debate the propriety and effectiveness of the trendy “Texas Two Step” mass tort bankruptcies.

In cases such as LTL (Johnson & Johnson), Aearo (3M), Bestwall (Georgia-Pacific) and others, major corporations have begun to offload tort liabilities into new spinoff corporations under a Texas statute and send the new entity into bankruptcy, sparing the valuable parent corporation the hassle of chapter 11 – and, some say, depriving cancer survivors, sex abuse victims and others of due compensation and a day in court.

Divisional mergers are one of the newest and most controversial strategies in chapter 11 today. The panel represents conflicting perspectives, including counsel for tort claimants, insurers, and corporate interests in some of the most high-profile engagements in chapter 11 today.

Click here for more information on tickets and attending the event.

Jennifer Lyday to Participate as a Panelist in IWIRC Insolvency Seminar

Waldrep Wall Babcock & Bailey Attorney Jennifer B. Lyday will be participating as a panelist during an exciting educational seminar with International Women’s Insolvency & Restructuring Confederation (IWIRC) Western Canada, IWIRC Delaware and IWIRC Carolinas to discuss the similarities and differences between the U.S. and Canadian insolvency regimes. It will be a great event to build connections with IWIRC members from across Canada and the U.S.

WHEN: Tuesday, October 25, 2022

2:00pm to 3:30pm EST

The distinguished panelists include Michelle Grant (PwC), Stephanie Wanke (Thomson Reuters), Jennifer Lyday (Waldrep Wall Babcock & Bailey PLLC) and Amanda Steele (Richards, Layton & Finger, P.A.), moderated by Stacey Greenbaum (Deloitte).

For information on this event or to register, click here.

Tom Waldrep to Participate as a Panelist in the “Hot Topics in Bankruptcy 2022″ in Chicago

Attorney Tom Waldrep is participating as a panelist in the “Hot Topics in Bankruptcy 2022” in Chicago sponsored by Turnaround Management Association (TMA) on Wednesday, September 21, 2022. TMA’s nationally renowned panelists will provide thoughts and analysis from the front lines on recent developments in bankruptcy practice, including addressing the “Texas-Two Step”, third party releases, and the prevalence of independent directors addressing the complex conflict issues that continue to arise in the restructuring world.

Attorney Jim Wall Quoted in Medscape Medical News Article

Waldrep Wall Babcock & Bailey PLLC Attorney Jim Wall was quoted in a Medscape Medical News Article published in August 2022, “Should You Sell Your Practice to a Private Equity Firm?,” written by Leigh Page.

Read Article

Medscape is the leading online global destination for physicians and healthcare professionals worldwide, offering the latest medical news and expert perspectives; essential point-of-care drug and disease information; and relevant professional education and CME.

Should You Sell Your Practice to a Private Equity Firm? – Medscape – Aug 11, 2022.

Kristin Melo Joins Our Firm as Administrative Assistant

Waldrep Wall Babcock & Bailey PLLC welcomes Kristin Melo to our firm as our Administrative Assistant in our Raleigh office.

Prior to joining our firm, she interned under a highly experienced Family Law attorney, Richard Waugaman, where she appeared before multiple District Court Judges while representing clients in a variety of family law matters. Kristin has also interned under a highly experienced attorney in the Medical-Legal Partnership (MLP), where she was involved with drafting multiple briefs for claims for MLP, unemployment, social security benefits, and housing sectors.

Kristin gained valuable healthcare experience as a nurse before enrolling in Campbell University, Norman A. Wiggins School of Law. She plans to specialize in the healthcare sector after she receives her Juris Doctor degree in 2023.

Several WWBB Attorneys Receive Prestigious Recognition

Several of the Waldrep Wall Babcock & Bailey PLLC Attorneys were recently awarded in the 29th edition of The Best Lawyers in America® and the third edition of Best Lawyers: Ones to Watch in America™.

The Best Lawyers in America®

Thomas W. Waldrep, Jr.: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

James D. Wall: Corporate Governance Law | Corporate Law | Health Care Law

John W. Babcock: Business Organizations (including LLCs and Partnerships) | Commercial Finance Law | Commercial Transactions / UCC Law | Corporate Law | Health Care Law | Mergers and Acquisitions Law

J. Dennis Bailey: Commercial Litigation | Medical Malpractice Law – Defendants | Personal Injury Litigation – Defendants

Jennifer Lyday: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Kevin Sink: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law | Litigation – Bankruptcy

Joseph T. Carruthers III: Commercial Litigation | Medical Malpractice Law – Defendants | Personal Injury Litigation – Defendants

Karen M. Wilson: Corporate Law

Jan E. Yarborough: Health Care Law

Michael L. Drye: Mergers and Acquisitions Law

Best Lawyers: Ones to Watch in America™

Natalia Talbot: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law