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Chapter 13

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...

How Do Chapter 7 and 13 Bankruptcy Affect My Credit?

Published October 9, 2019 by Sasser Law Firm
man cutting credit card

It’s a question we hear often: How long does a Chapter 7 bankruptcy stay on a credit report? A Chapter 7 bankruptcy will remain on your credit report for 10 years, but the real impact of a bankruptcy on your...

Benefit of Car Liens When Filing Bankruptcy

Published August 1, 2019 by Sasser Law Firm
car keys sitting on top of loan application

Filing Bankruptcy with a Car Lien In 2005, the United States Congress made significant changes to the nation’s bankruptcy laws. In the end, secured creditors – car finance companies, mortgage companies and seller-financed furniture dealers – fared best, but one...

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...

Chapter 13 Debt Limits Increasing after April 1, 2019

Published April 10, 2019 by Sasser Law Firm
gavel above a bankruptcy form

Individuals who are considering seeking bankruptcy protection may benefit from the recent increase in the amount of debt you can have and qualify to file for a Chapter 13 bankruptcy reorganization. Debtors can only qualify for a Chapter 13 reorganization...

Post-Bankruptcy HOA Dues

Published September 7, 2018 by Sasser Law Firm
money, calculator, gavel and spreadsheet representing hoa dues post bankruptcy

Homeowners association dues aren’t usually at the top of the list of worries for someone struggling with an unmanageable load of debt. Compared to delinquent mortgage payments, credit card debt, and medical bills piling up, the monthly or quarterly dues a homeowner...

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...

Duties of the Standing Chapter 13 Trustee

Published June 11, 2018 by Sasser Law Firm

Because the Eastern District of North Carolina is altering the Chapter 13 confirmation process it seems like a good time to explore the role of the trustee in Chapter 13 bankruptcy proceedings. Since most Chapter 13 bankruptcy cases take approximately...

How Does Your Bankruptcy Affect the Filing of Your Tax Returns?

Published April 3, 2018 by Sasser Law Firm
filing taxes during bankruptcy paperwork

People who are over their heads in debt and considering bankruptcy have a number of decisions to make regarding bankruptcy and taxes. As bankruptcy attorneys, we often hear questions from clients about how bankruptcy will affect taxes and tax returns....

Trouble with Plan Payments, What Do You Do?

Published April 26, 2016 by Sasser Law Firm

The story out of Pennsylvania about a chapter 13 debtor (and off-duty police officer) holding up a turnpike fare collection vehicle would have been rich comedic material if it hadn’t involved a real-life shootout and real-life fatalities. But just because...

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