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Chapter 11

How Often Can You File for Chapter 11 Bankruptcy?

Published January 13, 2021 by Sasser Law Firm
Stack of papers about chapter 11 bankruptcy and glasses

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
form on grey office desk with computer keyboard top view

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...

When Should A Small Business File For Bankruptcy?

Published June 4, 2020 by Sasser Law Firm
Man contemplating money in wallet during 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...

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...

New Bankruptcy Law To Benefit Small Businesses

Published September 24, 2019 by Sasser Law Firm
calculating and filing a chapter 11 bankruptcy form

President Trump has signed the Small Business Reorganization Act of 2019 (SBRA) into law, streamlining Chapter 11 bankruptcy restructuring for small businesses to make the process faster and less expensive.  The new bankruptcy law, which takes effect on February 19,...

Random Audits

Published May 28, 2019 by Sasser Law Firm
couple looking over bankruptcy documents

It is not likely but always possible that your personal bankruptcy case will undergo an audit directed by the United States Bankruptcy Administrator which monitors and investigates bankruptcy cases to ensure compliance with applicable laws and procedures. If the Bankruptcy Administrator...

Cross-Collateralization Bankruptcy

Published June 29, 2018 by Sasser Law Firm
petition for bankruptcy form

Many people sign loan agreements without reading the fine print or understanding the consequences if the agreement contains a cross collateralization clause. Cross collateralization provisions in loan agreements can create unexpected complications for borrowers seeking to discharge debts by filing...

How Debt Limits Impact a Bankruptcy

Published April 1, 2016 by Sasser Law Firm

Typically, the menu of bankruptcy chapters presented to individuals is short: you’ve got chapter 7 and you’ve got chapter 13. Because the various flavors in which those two chapters can come is endless, though, it’s relatively rare that someone’s forced...

The Perils of Leaving Chapter 11 Too Quickly

Published March 4, 2015 by Sasser Law Firm

No one likes being in bankruptcy. In fact, one of the great attractions of chapter 7 is that most cases are relatively short and debtors are sent merrily on their way within a few months of filing. But for companies or individuals who...

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