Overview

Christy is a talented lawyer with more than 37 years of experience in the financial world of business restructurings and bankruptcies having represented trustees, creditor's committees, debtors, secured and unsecured creditors, bondholders, guarantors, and others in numerous workouts and bankruptcy cases throughout the Southeast, Texas, Southern District of New York and Delaware. She is one of the few bankruptcy attorneys in North Carolina to receive the Lifetime Achievement Award from the North Carolina Bar Association Bankruptcy Section. She is listed among North Carolina's "Legal Elite" in bankruptcy law by Business North Carolina and was first in votes in bankruptcy law for 2010. She has been named a North Carolina "Super Lawyer" for Bankruptcy & Creditor/Debtor Rights Law; has been named as one of the Best Lawyers in America since 2010; and is consistently named as one of the leading lawyers in North Carolina for Bankruptcy by Chambers USA. 

Christy represents a number of farm credit associations and farm credit banks throughout the Southeast, Southwest and Mid-Atlantic regions in workout and bankruptcy matters. Recent bankruptcy cases of interest involved the sale of the State Fair of Virginia; the reorganization of a large sweet potato packaging plant and related operations in North Carolina; the reorganization of a large dairy farm operation in Florida; and the sale of a fruit and vegetable processor/grower in Florida. Christy is also a frequent speaker on Borrower Rights under the Farm Credit Act involving distressed loans, right of first refusal, and credit review committees. 

Because of her interest in financial matters, Christy also handles lending transactions involving commercial and industrial operating loans, commercial real estate loans involving hotels, multi-family apartments, and owner-occupied or tenant occupied buildings, and her favorite, low income housing tax credit loans in North Carolina, Virginia and South Carolina. 

Christy’s knowledge of bankruptcy and finance has allowed her to serve as a receiver in various state and federal matters on behalf of various creditors and the United States Securities and Exchange Commission. She further has been involved with a number of financial fraud investigations and cybersecurity issues, and has advised and handled criminal referrals involving borrowers, employees and third parties. 

Christy’s extensive financial and bankruptcy experience includes representing clients in analyzing, investigating, advising and litigating: 

  • Out of court business liquidations
  • Distress loan workouts
  • 363 bankruptcy sales
  • Asset purchase agreements
  • Preference defenses
  • Chapter 11 and 12 plan confirmation
  • Chapter 15 international bankruptcy matters
  • Debtor-in-possession financing
  • Factoring and lending enforcement
  • Healthcare facilities and hospitals
  • State court collections
  • Business disputes involving and defending director and officer liability claims and breaches of fiduciary duty
  • Receiverships involving Ponzi schemes or liquidation of business assets
  • Fraud investigations
  • Criminal Referrals

Community & Professional

Christy is a Certified Specialist in Bankruptcy Law, North Carolina State Board of Legal Specialization and a Certified Specialist in Business Bankruptcy Law, American Board of Certification

Her current professional memberships and activities include: 

  • North Carolina Bar Association, Member, Board of Governors (2013 -2016);  Bankruptcy Section, Chair (2004-2005) Vice Chair, Council (1991-1994); Business Law Curriculum Committee, Former Chair
  • North Carolina State Bar - Board of Legal Specialization, Chair (1997-1998)
  • American Bar Association – Former Member, Standing Committee on Legal Specialization (2005-2007)
  • Fellow, American Bar Foundation
  • Member, American Bankruptcy Institute SE, Advisory Committee (2014 - present)
  • Member, NC Board of Legal Specialization, Long Range Planning Committee (2013 -present)
  • Greensboro Bar Association - Young Lawyers Division, President (1990-1991)
  • Clerked for the Honorable James B. Wolfe, Jr., former Chief, United States Bankruptcy Judge for the Middle District of North Carolina

In the civic area, Christy currently serves as a Board member of Triad Business Bank, a de novo state-chartered banking institution serving three metropolitan cities in North Carolina. She also serves as a member of the Greensboro Sports Council volunteering for many sports activities in the Greensboro/Triad area. She is currently a member of the National Ski Patrol and formerly served as the Legal Advisor to the National Ski Patrol Association, Southern Division. She is a former board member and Chair of the Finance Committee for Habitat for Humanity, Greater Greensboro (2009-2015) and is a former Chair and member of the National Multiple Sclerosis Society, Central N.C. Chapter. She also has served as an Assistant Coach for the First Tee program.

  • Member, Greensboro Sports Council (2014 – present)

Outside Nexsen Pruet

During the warmer months, Christy spends her time outside of the office on the golf course with her son, a prodigious golfer with a plus 1 handicap.  As his sponsor and sometimes caddy, they have traveled to tournaments throughout the Southeast and to Scotland and Ireland. Christy recently had her first hole in one and hopes to follow that with many more.

When the snow starts to fall, Christy can be found working at Sugar Mountain. She started patrolling the North Carolina ski slopes in 1976 and has been certified as a Senior Ski Patroller. Of course, this is based on skill level rather than on age!

A typical day on the slopes starts around 7:00 am and ends at 6:00 pm when all of the skiers are off the mountain.  Unfortunately, injuries abound on the ski slopes where beginners take to the hill with little or no experience or teaching.  Most injuries involve soft-tissue injuries to the knees or dislocations of shoulders or wrists but occasionally, there are more serious injuries like broken bones, concussions, and heart attacks.  In such life and death situations, quick and decisive action must be taken which is not dissimilar to her experience as a bankruptcy attorney.

As if patrolling does not provide enough exhilaration, Christy also skis competitively. She won the Gold Medal at the 2008 NASTAR National Championships in Colorado in her young age group.

Experience

  • Represented county in providing up to $12 million in financing to successor buyer of Chapter 11 hospital assets
  • Investigated financial fraud matter resulting in indictment of perpetrator
  • Represented various insurance companies as local counsel in multiple Chapter 11 asbestos bankruptcy cases.
  • Represented a secured creditor in connection with Article 9 sale and liquidation of personal property and real property assets in multiple states
  • Represented a secured creditor in workout and sale of real estate assets in Southwest
  • Represented a secured creditor in a Chapter 11 bankruptcy case involving a multi-family apartment complex
  • Represented a secured creditor in obtaining dismissal of a Chapter 11 case involving medical office building
  • Represented a judgment lien creditor in obtaining dismissal of individual and related entity bankruptcy cases based on serial filings
  • Represented various Chapter 15 debtors involving foreign parent entity insolvency proceeding
  • Represented bondholders owed in excess of $74 million in Chapter 11 bankruptcy case involving the State Fair of Virginia
  • Served as local counsel to large NC poultry operation in liquidating Chapter 11 case
  • Acted as local counsel for $174 million secured debt in a 475 multi-state convenience store chain Chapter 11 case
  • Represented a guarantor in a non-bankruptcy workout involving $100 million of construction-related bank debt
  • Represented various lenders in low income housing tax credit finance transactions
  • Served as receiver in various state and federal matters on behalf of creditors and the United States Securities and Exchange Commission, one which involved the recovery of money from Costa Rica

Recognitions

  • Listed in Best Lawyers in America for "Lawyer of the Year" for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law in Greensboro, N.C. in 2020
  • Recognized by Chambers USA, Bankruptcy/Restructuring, North Carolina 2018-2020
  • Named among North Carolina's "Legal Elite" in bankruptcy law by Business North Carolina for seven consecutive years and was 1st in votes in bankruptcy law for 2010
  • North Carolina Super Lawyers® - Bankruptcy & Creditor/Debtor Rights Law (2006-2017, 2019, 2020); Top 50 Women, 2020
  • Listed in Best Lawyers in America for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Since 2010
  • Martindale-Hubbell AV Peer Rated for Highest Level of Professional Excellence

Media

Christy has recently spoken and authored the following: 

  • OMG Professionalism! The Millennials vs. The Old Guard, Southeastern Bankruptcy Law Institute, joint article, 2019
  • Co-Authored, “How the Three Little “Ps” Can Blow Your Audience Away -- Client/Committee Pitches,  Public Presentations and Courtroom Performance,”  American Bankruptcy Institute, Southeast,  2018
  • Distressed Loans, AgFirst Distressed Loan Workshop, 2018 and 2019
  • Chapter 11 Issues, N.C. Annual Bankruptcy Seminar, 2017
  • Medley of Current Chapter 11 Issues, Mississippi Bankruptcy Conference, 2016
  • Co-Authored, "Maximizing Recoveries for Unsecured Creditors in Chapter 11 Bankruptcy Cases," Creditors' Rights in Chapter 11 Cases, 2016
  • Acquiring the Assets of a Distressed Company: A Buyer’s Guide to Selecting the Best Sale Process, American Bankruptcy Institute, 19th Annual SE Bankruptcy Workshop, joint article, 2014
  • Shutting the Doors: Issues Related to Closing Down a Business, 2011
  • Dealing with Troubled Companies, 2011
  • State Court Receiverships and Assignment for Benefit of Creditors, 2011
  • Forbearance Agreements,  2011

News

Videos/Podcasts

Admissions

  • North Carolina
  • U.S. District Court Eastern District of North Carolina
  • U.S. District Court Middle District of North Carolina
  • U.S. District Court Western District of North Carolina
  • U.S. Court of Appeals 4th Circuit
  • U.S. Supreme Court
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Dealing with financial transactions, fraud investigations, and loan workouts is an art, not a science. It takes experience, knowledge, and creativity to formulate an effective legal solution to a business issue.

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