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How Often Can You File for Chapter 11 Bankruptcy?

Published January 13, 2021 by Sasser Law Firm
How Often Can You File for Chapter 11 Bankruptcy?

If you’re a struggling business owner, filing for Chapter 11 bankruptcy can give you a chance to restructure your debts and find a way back to solvency. Hopefully your first bankruptcy filing will address your business’ financial issues. If not,…

How Much Does It Cost to File for Bankruptcy?

Published January 7, 2021 by Sasser Law Firm
How Much Does It Cost to File Bankruptcy?

If you are held down by debt and considering filing for bankruptcy, you will likely want to know how much it will cost to hire a bankruptcy attorney and pay for the process.  Sasser Law Firm understands that money will…

Bankruptcy Can Help You Stop an Eviction or Help You Transition to a New Residence

Published January 4, 2021 by Sasser Law Firm
Facing Eviction? Bankruptcy Can Help

Written By: Cort Walker The coronavirus pandemic and its impact on the local (Raleigh, NC) and national economy has financially devastated many individuals and families. Evictions and, as a result, homeless families are a very real threat for 2021. Many…

Bankruptcy and the "Consolidated Appropriations Act"

Published December 30, 2020 by Sasser Law Firm
What We Know About the Consolidated Appropriations Act, 2021

Written by: Philip Sasser When the first stimulus package (aka The CARES Act) was passed in March 2020, the part most people focused on was how much money they were going to get – responses generally falling into the categories…

Chapter 13 Bankruptcy and Building Credit

Published November 11, 2020 by Sasser Law Firm
Building Credit During Chapter 13 Bankruptcy – Is It Possible?

When you’re in Chapter 13 bankruptcy, it may feel like a purgatory that limits your financial options. You can, however, use this time and this tool to strategically improve your credit-worthiness. How Chapter 13 Bankruptcy Affects Your Credit Report The…

NC Bankruptcy Means Test (Median Income) Increase as of Nov 1, 2020

Published November 6, 2020 by Sasser Law Firm
The North Carolina Means Test Figures Change as of November 1, 2020.

As of November 1, 2020, the North Carolina median income, for means test calculation purposes, increased.  This means that the six-month look back on your income allows for a slightly higher income threshold for your household size than it did…

Crises Are Not Limited to a Global Pandemic

Published November 2, 2020 by Sasser Law Firm
Crises Are Not Limited to a Global Pandemic

Crises are not limited to a global pandemic. People experience various levels of crisis all the time, but sometimes those crises hit close to home and become too much to handle alone. If you have a medical emergency you would…

Cramdown in a Chapter 13 Bankruptcy

Published by Joseph Lischwe
Cramdown in a Chapter 13 Bankruptcy

One of the major advantages of filing a bankruptcy under Chapter 13 is the ability to “cram down” a debt secured by your property.  If you owe more than what your financed property is actually worth – which is a…

A Survey of the Local Form chapter 13 plans

Published October 20, 2020 by Travis Sasser
A Survey of the Local Form Chapter 13 Plans

The Final Report of the American Bankruptcy Institute Commission on Consumer Bankruptcy §4.02 addresses Nonuniform Court Practices. The background to the provision notes that “Local practices can deviate from the Bankruptcy Code or the Federal Rules of Bankruptcy Procedure. Perhaps…

Signs You May Want to Consider Filing Bankruptcy

Published September 17, 2020 by Sasser Law Firm
5 Signs You May Want to Consider Filing Bankruptcy

Life can be unpredictable. Unfortunate circumstances can leave people worrying every day if they will ever be able to pay off their debts. Many people struggling to make ends meet likely exhausted their savings and fear losing their homes. Others…

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