Jim Lanik

Practice Areas

Business Insolvency, Commercial Bankruptcy and Chapter 7 Trustee

Career

Jim is a partner at Waldrep Wall Babcock & Bailey PLLC. Prior to joining the firm, he was a partner at Waldrep LLP and an associate and then member at Roberson, Haworth & Reese, PLLC focusing on business bankruptcy and municipal law.

Jim is Board Certified in Business Bankruptcy Law by the North Carolina State Bar and by the American Board of Certification. He has represented trustees, creditors, and debtors in all aspects of business bankruptcy cases. Jim is currently on the panel of Chapter 7 Trustees for the Middle District of North Carolina. Jim has served as a receiver in state court matters and as a Chapter 11 trustee in addition to his Chapter 7 trustee practice.

Jim is also the Town Attorney for Midway, North Carolina, a small town in northern Davidson County which was incorporated in 2006.

Jim is active as a volunteer with the Wyndham Championship, the Piedmont Triad's PGA Tour event. He is also a supporter of Autism Unbound and the ARC of High Point.

Professional Memberships

-American Board of Certification (ABC), Member of Board of Directors, Member of Standards Committee, 2024

-North Carolina Bar Association, Bankruptcy Section Council, 2007-2010

-North Carolina Association of Municipal Attorneys

-American Bankruptcy Institute

-National Association of Bankruptcy Trustees

-Bankruptcy Specialization Recertification Committee for the North Carolina Bar, Member, 2019-present

Publications

-“Ethics – Technology Credit AI and Your Bankruptcy Practice,” co-presented with Koury Hicks, 44th Annual Middle District Bankruptcy Seminar, Aberdeen, NC, April 12, 2024

-“Bankruptcy Fraud,” Fraud and Forensic Conference, Virtual Webinar hosted by the Ohio Society of CPAs, August 29, 2023

-“Key Advantages of Chapter 12 Bankruptcy for Struggling Family Farmers,” Journal of Corporate Renewal (JCR), the Official Publication of the Turnaround Management Association (TMA), December 2022, click here to read article

-“Chapter 5 Actions and Bankruptcy Litigation,” 45th Annual Bankruptcy Institute, Grandover Resort, Greensboro, NC, November 11, 2022

-“Trustee Security and Data Safety,” Webinar Hosted and Co-presented by Justin Doles, Chief Information Security Officer for Stretto, August 30, 2022

-"Forensic Accounting in Bankruptcy Court," Fraud Fighter Podcast, September 21, 2020. Listen here.

-"Bankruptcy and Small Business: A Practical Course for Newcomers," Wake Forest Law and Thomson Reuters, on-demand web series, August, 2020

-"Hospitality Industry: Challenges and Opportunities," 2019 Turnaround Management Association Southeastern Regional Conference, Grove Park Inn, Asheville, NC, May 30, 2019

-"Claims, North Carolina Bankruptcy Practice Manual Chapter X" (Eighth Edition, 2017) (co-author)

-"Stopping the Tailspin: Use of Oligopolistic and Oligopsonistic Power to Produce Profits in the Airline Industry," 22 Trans. L. J. 509, 1995

-"Post-Petition Assets: Whose Are They?," 41st Annual Bankruptcy Institute, Pinehurst, NC, November 2-3, 2018

-"Tax Collection and Bankruptcy," 2018 NC Association of County Attorneys Summer Conference, Asheville, NC, July 26-28, 2018

-"The Crossroad of Ethical Duty and Exemption Planning," 36th Annual Middle District Bankruptcy Seminar, Aberdeen, NC, April 24-25, 2015

-"Common Mistakes in Chapter 7 Filings," 35th Annual Middle District Bankruptcy Seminar, Aberdeen, NC, April 25-26, 2014

-"Preferences," 2014 National Association of Bankruptcy Trustees Spring Seminar, Coral Gables, FL, April 4-5, 2014

Personal

- General Chairman, Wyndham Championship, 2007

- President, Wyndham Championship Founders Club, 2016-2017

Expert in these Jurisdictions

- Colorado, 1995

- North Carolina, 2002

- Virginia, 2015

- United States Court of Appeals for the Fourth Circuit

- United States District Court - Colorado

- United States District Court - Middle District of North Carolina

- United States District Court - Eastern District of North Carolina

- United States District Court - Western District of North Carolina

- United States Bankruptcy Court - Western District of Virginia

- United States Tax Court

Education

Awards