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Bankruptcy News

How Much Does It Cost to File for Bankruptcy?

Published January 7, 2021 by Sasser Law Firm
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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
eviction notice during pandemic in North Carolina

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
animated man thinking about bankruptcy

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...

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

Published November 6, 2020 by Sasser Law Firm
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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...

A Survey of the Local Form chapter 13 plans

Published October 20, 2020 by Travis Sasser
2019 update to chapter 12 of federal bankruptcy code

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
unhappy couple managing home accounts

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...

CARES Act for Consumers & Small Businesses

Published August 4, 2020 by Sasser Law Firm
United States flag and face mask with Cares Act text on it

The U.S. Government enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help individuals, families, and businesses across the U.S. access emergency assistance during the COVID-19 pandemic. Some parts of the $2.2 trillion economic relief package provided...

Neiman Marcus Nears Bankruptcy Filing

Published May 12, 2020 by Sasser Law Firm
Neiman Marcus store

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...

Pier 1 Files for Chapter 11 Bankruptcy

Published March 30, 2020 by Sasser Law Firm
chapter 11 bankruptcy paper

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
open for business sign in Raleigh, NC

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...

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