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Lisa P. Sumner

Member

  • (T) 919.573.7423
  • (F) 919.573.7454
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Overview

Lisa has been helping creditors protect and enforce their rights in North Carolina, South Carolina and Virginia for more than two decades by structuring deals to avoid risk and maximize recovery, pursuing effective collection strategies, and defending against lender liability claims. Clients seek Lisa’s counsel to appoint receivers on behalf of creditors, evaluate the option of an involuntary bankruptcy, or for guidance in out-of-court workouts, loan modifications and forbearance agreements. In bankruptcy cases Lisa’s clients frequently engage her to prosecute contested claims, seek stay relief, negotiate and challenge Chapter 11 plans, defend preference, fraudulent transfer and other adversary proceedings, oppose discharge of debts incurred through fraud or for student loans, and represent buyers seeking to purchase a debtor’s assets through the Section 363 sale process.

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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
  • Member, Bar of the Supreme Court of the United States
  • Co-Chair of Secured Creditors’ Subcommittee, American Bar Association, Business
  • Law Section, Committee on Business Bankruptcy
  • Past President and current Board Member, 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)
  • Member, North Carolina Civil Collaborative Law Association
  • Advisory Board Member, Foundation of Hope
Recognition
  • Recognized by Chambers USA, Bankruptcy/Restructuring, North Carolina 2014-2020
  • Listed in Best Lawyers in America for Bankruptcy and Creditor Debtor Rights/ Insolvency and Reorganization Law, Since 2013;
  • Listed in Best Lawyers in America for "Lawyer of the Year" for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law in Raleigh in 2016
  • Ranked among Super Lawyers magazine's North Carolina "Super Lawyers" (Bankruptcy), 2014-2020; "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 I’m not in the office I’d rather be outside - whether that’s walking my dogs, Nero and Bacio, working in the yard, riding a horse or hiking a trail. Otherwise my three children, Max the Hahn’s macaw (hatched in 1992, pre-dating the children by far), and a pet rabbit get most of my attention.

Sumner Lisa Hobby NEW use this

“Do not let what you cannot do interfere with what you can do.” — John Wooden