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When Should A Small Business File For Bankruptcy?

Published June 4, 2020 by Juan Camacho
When Should A Small Business File For Bankruptcy?

It is natural for small business owners to be distressed and unsure of what steps to take when their businesses begin to struggle. Many think of bankruptcy as a sign of failure, but in reality, bankruptcy is a tool that…

Modest Increase in Chapter 7 Fees as of June 1

Published May 27, 2020 by Sasser Law Firm
A Modest Increase in Chapter 7 Fees as of June 1

Over the past 20 years, Sasser Law Firm has helped over 8,500 individuals and businesses in North Carolina navigate and overcome financial challenges. Filing for bankruptcy is a decision that should be considered carefully. It is important for you to…

Neiman Marcus Nears Bankruptcy Filing

Published May 12, 2020 by Sasser Law Firm
Neiman Marcus Nearing Bankruptcy Filing

Facing nearly $5 billion of debt and dwindling sales during the COVID-19 pandemic, luxury retailer Neiman Marcus may file for bankruptcy. Brick-and-mortar retail sales have dropped significantly because of stay-at-home orders, which have closed non-essential businesses like clothing stores. Like…

Is Filing for Bankruptcy Common?

Published April 6, 2020 by Sasser Law Firm
Is Filing for Bankruptcy Common?

Anyone who considers filing for bankruptcy will likely have many questions about the benefits and drawbacks of bankruptcy and whether filing for bankruptcy is the right decision for them. People thinking about bankruptcy may wonder how common bankruptcy is, thinking…

Pier 1 Files for Chapter 11 Bankruptcy

Published March 30, 2020 by Sasser Law Firm
Pier 1 Imports Files for Chapter 11 Bankruptcy

Home goods and decor retailer Pier 1 Imports Inc. filed for Chapter 11 bankruptcy on February 17 and is pursuing the sale of the company. According to its last yearly financial report, the company had about 18,000 employees as of…

Impact on Businesses from COVID-19

Published March 17, 2020 by Sasser Law Firm
Breaking News: Chef Ashley Christensen to temporarily close restaurants, joining others in Triangle

This morning, my daughter and I went out to breakfast to celebrate her birthday. We went to a popular local breakfast spot that we’ve been going to for years on her birthday. The same Saint Patrick’s Day specials were being…

Chapter 13 Bankruptcy Plan Payments & COVID-19

Published March 16, 2020 by Sasser Law Firm
When COVID-19 Interferes with a Chapter 13 Debtor’s Ability to Make Plan Payments

Already many Americans are feeling the economic impact of COVID -19. This includes persons working in the foodservice and travel industries. School shut-downs may also have a negative impact as workers either work less or spend more, based on childcare….

Stop Living Paycheck to Paycheck with These Tips from a Bankruptcy Lawyer in NC

Published January 31, 2020 by Sasser Law Firm
How to Stop Living Paycheck to Paycheck

Do you often feel trapped by the paycheck-to-paycheck cycle? Do you find yourself continuously counting down the days until your next direct deposit hits your bank account? You’re not alone. Living paycheck to paycheck is a reality for many Americans….

6 New Year's Resolutions for Dealing with Personal Debt

Published December 18, 2019 by Sasser Law Firm
2020 New Year’s Resolutions for Dealing with Personal Debt

Getting a better handle on your household finances and the amount of debt you are shouldering is a great way to gain peace of mind and achieve financial stability in 2020 and beyond. These tips will help those looking to…

Raising of Debt Limit Allows More Family Farmers to Qualify for Bankruptcy Relief

Published December 13, 2019 by Sasser Law Firm
More Small Farms Qualify for Bankruptcy Thanks to Higher Debt Limit

Operating a family farm in North Carolina is a challenging way to make a living, with fluctuating commodity prices, disruptions in export markets, higher land prices and unpredictable weather emergencies. When times get tough, the amount of debt that family…

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