Payne & Associates, PLLC
336-283-2937

When you want to grow your family, one of the options you pursue may be adoption. Adoption is a great way to bring a child into your home who has no one else or who has been taken out of a bad situation. What happens if the agency you work with goes bankrupt, though?

That's the question a couple in Raleigh found themselves asking. The agency they were working with, Independent Adoption Center, filed for Chapter 7 bankruptcy. They had already invested $23,000 into the company and are fighting to get their money back.

The nonprofit company was working through 1,886 adoptions when it closed suddenly. In total, 147 of the adoptions were taking place in North Carolina. It claims that it closed due to fewer potential birth parents and a changing adoption climate. The business allegedly attempted to adapt but was unsuccessful. At the time of filing, it had only $57,012.45 of reported assets with $649,904 owed to clients.

The couple involved in this case are still seeking out legal advice to figure out how to get their money back, if they can. They believe that the company likely knew it was headed toward bankruptcy.

In situations like this, a bankruptcy can be devastating to those who were trying to adopt. No one should have to go through this kind of situation. It can be hard to seek compensation when a company is in a bankruptcy, but there is a chance that you can prove that fraud or other activities were going on that make this a case for the courts to hear.

Source: ABC11.com, "Adoption center bankruptcy shatters dreams," Heather Waliga, Feb. 06, 2017

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Payne & Associates, PLLC
206 North Spruce Street, Suite 1B
Winston Salem, NC 27101

Phone: 336-283-2937
Fax: 336-217-8784
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