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NC Justices Find Bankruptcy Paused Debt Collection Deadline

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NC Justices Find Bankruptcy Paused Debt Collection Deadline

North Carolina's highest court has ruled that the automatic stay of a man's bankruptcy extended the deadline for a South Carolina real estate rental company to collect a debt he owed it, reversing a lower state court decision that found the company had missed its window.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “debt” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF-0.9% 30d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “debt” (US interest rates) in this story.

  • XLRE Real Estate Select Sector SPDR-1.3% 30d

    Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “real estate” (real estate) in this story.

  • JPM JPMorgan Chase-5.3% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “debt” (US interest rates) in this story.

  • BAC Bank of America-15.0% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “debt” (US interest rates) in this story.

  • DHI D.R. Horton-4.1% 30d

    D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “debt” (US interest rates) in this story.

  • SCHW The Charles Schwab

    The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “debt” (US interest rates) in this story.

  • PLD Prologis-7.0% 30d

    Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “real estate” (real estate) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT-1.92%+0.06%baseafter closeafter closeafter closeafter close
IEFNo price data for this ticker———————
XLRENo price data for this ticker———————
JPMNo price data for this ticker———————
BACNo price data for this ticker———————
DHINo price data for this ticker———————
SCHWNo price data for this ticker———————
PLDNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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NC Justices Find Bankruptcy Paused Debt Collection Deadline Law360

Source: Law360

This story

CompanyWhenMoveStatus
TLTthree days earlier+0.06%final price
TLTfive days earlier-1.92%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “NC Justices Find Bankruptcy Paused Debt Collection Deadline” looks

25 out of 100

“NC Justices Find Bankruptcy Paused Debt Collection Deadline” scores 25 out of 100. The score uses 2 sources.