The Sasser Law Firm’s board-certified bankruptcy attorneys have the skills and resources to help you make a fresh start financially. Over the past 20 years, we have helped more than 8,500 individuals and businesses in North Carolina obtain bankruptcy protection.
In Fuquay-Varina, contact the Sasser Law Firm today to:
- Work directly with an experienced bankruptcy lawyer. You can count on working face-to-face with the bankruptcy attorney who will handle your case.
- Get an in-depth assessment of your case. We want to help you solve your financial problems. In our first meeting, we’ll review your income, assets, expenses, and the types of debt you have so we can explain all your options. At the conclusion of an initial consultation, you’ll have the information you need to start on the path to financial recovery.
- Get straightforward assistance with no pressure. Our objective is for you to understand your options and be comfortable with whatever step you choose to take. Your attorney will explain the path he thinks is best, including whether a bankruptcy alternative may meet your needs.
- Get protection now. Some bankruptcy cases are time-sensitive, such as when there is the potential for foreclosure of a home or the repossession of a car. In emergency bankruptcy cases, we can start the filing process on the day of our first meeting. We’ll move promptly to protect you and your assets.
- Benefit from affordable fees. We always start with a free, no-obligation initial consultation. In a Chapter 13 bankruptcy, our fees are rolled into the repayment plan, which costs you nothing upfront. In Chapter 7 filings, our legal fees are based on your income. Our firm also has competitive, flat-fee arrangements for Chapter 11 bankruptcies.
At the Sasser Law Firm, you will work with an experienced Fuquay bankruptcy lawyer who knows how to handle the most complex cases. We have the resources and the commitment needed to tackle the toughest bankruptcy cases. We dig in and fight for clients like you from Fuquay-Varina.
If you are ready to discuss your options to get out of an overwhelming debt load, our Fuquay-Varina bankruptcy attorneys are here for you. We handle consumer and business bankruptcy cases. Take the first start on your road to financial stability. Contact us today to set up a free case evaluation.
Fuquay-Varina Bankruptcy Cases Our Lawyers Help With
We know that every bankruptcy case is unique and requires a tailored approach for wiping the slate clean and plotting a clear course toward a stable financial future. Your specific situation and your goals will help us determine whether bankruptcy is appropriate and which type of bankruptcy filing best serves your needs.
Our Fuquay-Varina bankruptcy lawyers typically handle three types of bankruptcies:
Chapter 7 (Liquidation ─ Personal or Business)
Chapter 7 bankruptcy requires selling your assets to pay your creditors. It is faster, less expensive, and allows you to re-establish credit faster at its conclusion.
If Chapter 7 bankruptcy is appropriate, it will include:
- Immediate protection from creditors.
- Discharge of general unsecured debts, such as credit card balances, medical bills, personal loans, business debt, and some unpaid taxes.
- Opportunity to keep many of your assets considered exempt under North Carolina law. If you meet the income requirements, you may be able to keep your home, car, clothing, and major appliances.
- Closing your business after a bankruptcy trustee liquidates assets and pays creditors.
Chapter 13 (Reorganization ─ Personal)
If you are self-employed or own your own business, you may benefit from a Chapter 13 bankruptcy repayment plan. Under Chapter 13, you work out a plan to pay debts in arrears over a timeframe of three to five years.
A Chapter 13 reorganization will include:
- Developing a plan, subject to approval by the bankruptcy court, to catch up on mortgage payments, car loans, and other debt over a three- to five-year period.
- Protection from creditors during the duration of the Chapter 13 bankruptcy case.
- Opportunity to renegotiate the terms of debt and establish lower payments.
- Consolidation of all debt (including legal fees) into a single monthly or bi-monthly payment. Each payment can be automatically deducted from your paycheck and sent to the bankruptcy trustee for distribution to creditors.
Chapter 11 (Reorganization ─ Business)
Under Chapter 11, business owners can develop a feasible plan for paying creditors over time and keep their businesses alive.
Chapter 11 may be right for you to:
- Obtain temporary relief from creditors who may be pursuing foreclosure, eviction, levies, and/or lawsuits.
- Obtain emergency protection and/or be allowed time to prepare a plan for financial recovery.
- Maintain control of the sale of your assets.
- Propose alternative debt payment strategies, such as adjusted interest rates, payment extensions, and/or balance reductions.
- Have at least five years to pay back taxes.
Information We Need to Help You Get Started
At your free initial consultation with a Sasser Law Firm bankruptcy attorney, we will be ready to review your financial records and begin the paperwork toward a bankruptcy filing, if that is the appropriate step for you. We will do all the legwork needed to ensure your bankruptcy filing is complete and contains all the required documentation.
Here is what we will ask you to bring to an initial consultation:
- A list of creditors and debt – who and what you owe
- Information about your income, such as a paycheck stub
- A list of assets – property you own and financial accounts under your name
- A list of monthly expenses – payments you have to make each month.
We want the initial case assessment to provide you with a thorough review and understanding of your situation. Your attorney will explain what is required to file for bankruptcy and what to expect at each step of the process. We will also discuss alternatives to bankruptcy, which may serve you better.
Bankruptcy Litigation and Appeal
The Bankruptcy Courts are designed so that most bankruptcy cases proceed smoothly. Unfortunately, disputes sometimes emerge that make it impossible to avoid litigation.
At the Sasser Law Firm, you’ll have the benefit of a bankruptcy litigation team with extensive trial experience and an understanding of the U.S. Bankruptcy Code.
We are proactive when we anticipate resistance to bankruptcy filing. We prepare arguments on behalf of our clients to advocate for their interests all the way through appeal, if necessary.
If your bankruptcy filing is contested, it will likely be due to:
- Disputes over creditors’ rights
- Disputed asset values
- Disputes over the sale of assets
- Disputes over interest rates
- Taxes
- Allegations of breach of fiduciary duty
- Disputes over out-of-court restructurings
- Fraud allegations
- Separation agreements are filed prior to bankruptcy.
When bankruptcy is litigated, it becomes a particularly complex legal matter. Usually, multiple parties are fighting for their own interests. In addition, the Bankruptcy Court schedules trials and hearings on a shorter timeline than other civil cases. That requires attorneys to know the information required and to be ready to act or react quickly.
The Sasser Law Firm includes three board-certified bankruptcy specialist attorneys working for individuals like you and businesses like yours in Fuquay-Varina. We have extensive experience litigating Chapter 7, 11, and 13 bankruptcies in Wake County. No matter what financial problems you face, the first step toward relief is to schedule a free consultation with one of our experienced bankruptcy lawyers. Contact us today to take that step.
Talk to an Experienced Fuquay-Varina Bankruptcy Attorney Today
At the Sasser Law Firm, we are here to help you with your financial issues as an individual or a business. We can meet to discuss your options, make a plan, or take immediate action to protect you from creditors. Our aim is to support you as you work toward a better financial future for yourself and/or your business.
Schedule a free consultation with our attorneys now to talk about your case. Our law firm works with individuals and businesses in Fuquay-Varina, Holly Springs, Willow Spring, and elsewhere in southern Wake County and surrounding North Carolina communities.
