Franklin
Drake concentrates his practice in the areas of creditors’
rights, creditors’ bankruptcy, and commercial litigation.
Mr. Drake has worked with credit unions, banking and
financial institutions, consumer and commercial lenders, and
student loan agencies to enforce contracts, minimize losses,
and fight fraud. As federal regulatory compliance has become
increasingly complex, he also assists lenders with difficult
compliance issues.
Mr. Drake has more than 27 years of legal experience. He was
first admitted to practice law in Kentucky in 1978. Since
then he has been admitted to practice in North Carolina and
West Virginia. In Kentucky he was active in drafting
statutory law on judgments and garnishments, the design and
use of that state’s judgment execution forms, and policies
and procedures concerning foreign judgment registration and
land records docketing.
Mr. Drake has taught classes on bankruptcy and commercial
law for the Indiana Bankers Association at Butler
University, the National Association of State-Chartered
Credit Union Supervisors and various states’ Credit Union
Leagues. He also served as speaker for several student loan
lending agencies, credit unions, and state and local bar
associations. Additionally, he has held compliance seminars
for his clients to update them on the ever-changing
creditors laws.
Mr. Drake currently serves as Mayor Pro Tem of Wake Forest,
NC and as Ex Officio Member of its Fire Department Board of
Directors. He is actively involved in his community's
efforts to preserve and restore historic sites and homes,
and he is an accomplished cabinetmaker.
Admissions
North
Carolina State Bar
Kentucky State Bar
West Virginia State Bar
Education
J.D.,
University of North Carolina at Chapel Hill, 1978
B.A., with honors, University of North Carolina at Chapel
Hill, 1975
Professional Affiliations
North
Carolina Bar Association
Kentucky Bar Association
West Virginia Bar Association
Civic
Involvement
Wake
Forest Town Commissioner, 2005-2009
Wake Forest Municipal Comprehensive Planning Committee
Wake Forest Fire Department Board of Directors
National Association of State-Chartered Credit Union
Supervisors
NC Manufactured Housing Institute
