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Lisa P. Sumner

Member

  • (T) 919.573.7423
  • (F) 919.573.7454
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Overview

Lisa is a commercial litigator focusing her practice in the areas of bankruptcy & creditors' rights. She is experienced in representing creditors in a variety of cases, including claims of lender liability, fraudulent transfers and breach of fiduciary duty, as well as filing involuntary bankruptcy petitions. She also advises lawyers on how to avoid or defend against legal malpractice claims related to bankruptcy practice, and advises clients regarding asset purchases from a receivership or bankruptcy estate. 

Clients seek Lisa’s counsel to appoint receivers on behalf of creditors or for guidance in out-of-court workouts such as deeds in lieu of foreclosure, loan modifications or substitution of collateral. She advises farm credit clients and compliance and special asset recoveries. She represents federal student loan guarantors in cases where the debtor seeks discharge of student loan debt, and pursues collection of unsecured and secured debts, by means of:

More

Education

Duke University, J.D., 1994

University of North Carolina, B.A., 1991,  magna cum laude

Bar Admissions

North Carolina

South Carolina

Virginia

Civic & Professional Memberships
  • Co-Chair, Executory Contracts, American Bar Association, Business Law Section, Committee on Business Bankruptcy
  • Immediate Past President, Turnaround Management Association, Carolinas Chapter
  • Former Council Member, North Carolina Bar Association, Bankruptcy Section
  • Former President, Carolinas Network, International Women's Insolvency & Restructuring Confederation (IWIRC)
Recognition
  • Recognized by Chambers USA, Bankruptcy/Restructuring, North Carolina 2014-2019
  • Recognized in The Best Lawyers in America®, Since 2013; 2016 Best Lawyers® "Lawyer of the Year" in Raleigh; Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law from 2013-2018
  • Ranked among Super Lawyers magazine's North Carolina "Super Lawyers" (Bankruptcy), 2014-2019; "Rising Stars" (Bankruptcy and Creditor/Debtor Rights), 2009; Top 50 Women North Carolina "Super Lawyers", 2016-2018
  • Ranked in Business North Carolina magazine's "Legal Elite" (Bankruptcy), 2010-2012, 2014, 2015, 2017-2019
  • ABA Section of Business Law, Kathryn R. Heidt Memorial Award recipient, 2012
Overview

Presentations:

"Go Your Own Way" v. "I Fought the Law and the Law Won" - Intercreditor Agreements and the Bankruptcy Code, NC Bar Association, 41st Annual Bankruptcy Institute (November 2018)

"From Franchise Disclosure Agreements to Chapter 11 Disclosure Statements" Program Chair, ABA Section of Business Law, Spring Meeting (April 2018)

"Target Practice: Lenders in the Crosshairs" - NC Bar Association 2015 Bankruptcy Institute (October 2015)

"Legal Malpractice Landmines" - Lawyers Mutual CLE series, Spring 2015

Student Loan Debt: Innovative Solutions in Bankruptcy, 2015 Festival of Legal
Learning, UNC Chapel Hill (February 13, 2015)

This Could Happen to You: Avoidance and Mitigation of Malpractice Claims in
Bankruptcy, NC Bar Association, Annual Bankruptcy Institute, Asheville, NC (November
2014)

Second Annual Constitution Day Legal Forum, Student Loan Law, Columbia, South Carolina (September 17, 2014)

"Risk Management and Best Practices for Lenders in Real Estate Workouts" (USLAW EduNet Telephone Seminar, 2014)

Publications:

Student Loan Primer and Flowchart, U. S. Bankruptcy Court, District of South Carolina website, court Initiative on Financial Education (Launched March, 2015)

Once Bitten, Twice Shy: Restructuring Payment of Past Due Accounts to Avoid Bankruptcy Preference Liability (USLAW Magazine, 2012, pg 34)

When not feeding or playing taxi-mom for my three teenagers, you'll most likely find me outside, whether it's walking the dogs, yard work, hiking trails or on horseback. After a lengthy hiatus, I'm learning horse jumping again and am a confirmed hippophile. I'm also an audiobook addict - ask me what's on my "shelf" this week. 

Sumner Lisa Hobby NEW use this

"If opportunity doesn't knock, build a door."  - Milton Berle