When everything you have worked for is at risk of being submerged by debt, it is time to reach out to a skilled and experienced Harnett County bankruptcy lawyer to discuss how to make a fresh financial start. The board-certified bankruptcy attorneys of the Sasser Law Firm have helped more than 7,000 individuals and businesses file for bankruptcy protection in North Carolina.
We can put our 15-plus years of experience to work for you, too.
- You work with a Sasser Law bankruptcy lawyer. You will meet one-on-one with the attorney who handles your case.
- You benefit from an in-depth evaluation of your case.We’re here to help you fix the problem. At our initial meeting, we’ll be ready to go over your income, assets, expenses, and debt. We want to lay out all your options, so you leave your case evaluation with the information you need to take the first step toward financial recovery.
- There is no pressure on you. Our attorneys are straightforward.We will tell you whether filing for bankruptcy may be a viable option in your specific situation. But we never pressure anyone to enter bankruptcy. We want you to have a clear understanding of your options and be comfortable with whatever step you take. Your attorney will give you the facts, the alternatives, and his recommendation. Then, we are here to move forward according to your considered decision.
- Your bankruptcy protection will be in place ASAP.We take on emergency bankruptcy cases and often start the filing process immediately after a consultation. We understand the time-sensitive nature of some bankruptcies such as when clients are at risk of losing their home through foreclosure. We will respond promptly to your needs.
- Our services are affordable. We do not charge for a first consultation. If you file a Chapter 13 bankruptcy, the legal fees are included in the repayment plan, which means no costs up front. We offer a fee structure based on income for Chapter 7 bankruptcies, and a competitive, flat fee for Chapter 11 cases, which we will discuss with you before billable work begins.
The Sasser Law Firm has the knowledge, the resources and the commitment to tackle the toughest bankruptcy cases. We are experienced bankruptcy lawyers who are equipped to handle the most complicated cases. We advocate for our clients — through all available appeals, when necessary.
If your debts are overwhelming and you are ready to discuss the options to seek relief, call our Harnett County bankruptcy lawyers today. We assist residents of Lillington, Dunn, Erwin, Benson and other Harnett communities with consumer and business bankruptcy cases including bankruptcies related to farming. We can provide you with a case review quickly and begin charting your path to financial stability.
Information to Bring to Your Free Initial Consultation
As indicated above, dealing with bankruptcy requires a review of your financial records, as well as the paperwork required by the bankruptcy court. However, our attorneys will do all the legwork required to ensure your bankruptcy filing is complete and contains all the necessary documentation.
When you schedule an initial consultation with our firm, it would be helpful to have on hand:
- A list of creditors, and what each is owed
- Information about your income
- Monthly expenses
- A list of your assets.
The goal of an initial case assessment is to conduct a thorough review of your situation. Your bankruptcy attorney will explain the bankruptcy filing process and what you can expect every step of the way. We will also discuss bankruptcy alternatives, which may provide options for you.
Types of Bankruptcy Cases that Sasser Law Firm Handles
There are multiple types of bankruptcy protection, and the right approach depends on your particular situation. Our Lillington bankruptcy attorneys understand that every case is unique. We work to understand your current financial situation and your needs, so we can create a personalized plan for getting you on the path to financial stability.
Some of the types of bankruptcy cases our lawyers commonly handle for Harnett County residents include:
Chapter 7 (Liquidation ─ Personal or Business)
Chapter 7 cases conclude quickly and allow people to rebuild their credit faster afterward. Chapter 7 cases also typically cost less.
If a Chapter 7 bankruptcy is right for you, you can expect to:
- Be protected from creditors as soon as the bankruptcy filing is made.
- Sell your assets through a trustee to pay your creditors. Some assets necessary for daily living, such as your home, car, clothing, and major appliances are exempt from the sale of assets if you meet certain income requirements.
- Have general unsecured debts discharged, such as credit card debt, hospital bills, deficiency balances from repossessed vehicles or foreclosed mortgages, unsecured personal loans and debts from businesses, unpaid taxes.
- Close a business undergoing Chapter 7 bankruptcy.
Chapter 13 (Reorganization ─ Personal)
Chapter 13 bankruptcy reorganization plans are often appropriate for people who own their own businesses or are self-employed, as well as for other individuals.
If a Chapter 13 reorganization is right for you, you can expect to:
- Work with your bankruptcy attorney to develop a payment plan through which you will pay over three to five years unpaid mortgage payments, auto loans, and other debts. The plan must be approved by the bankruptcy court.
- Be protected from debt collectors during the life of an approved repayment plan.
- Potentially be able to restructure the terms of debt to lower your payments.
- Pay Chapter 13 legal fees, including attorneys’ fees, over time as part of the repayment plan.
- Consolidate your debts and make one monthly or bi-monthly payment, which may be deducted from your paycheck. A bankruptcy trustee receives debt payments and distributes money to creditors.
Chapter 11 (Reorganization ─ Business)
Chapter 11 reorganization allows businesses to recover from bankruptcy by developing a feasible financial plan and a path to success.
If a Chapter 11 bankruptcy is right for your business, you can expect to:
- Obtain protection from creditors who may be trying to foreclose or evict you, sue you or attach levies.
- Obtain emergency protection and/or time to prepare a recovery plan, if needed.
- Control the sale of assets required to pay debts (as opposed to turning assets over to a trustee).
- Be allowed at least five years to pay off tax debts.
- Work with your bankruptcy lawyer to consider and possibly propose alternative treatments for paying off debt, such as adjusting interest rates, extending terms of payment, and reducing balances.
The Bankruptcy Court system allows most cases to proceed smoothly, but disputes can emerge in certain cases and make litigation unavoidable. The bankruptcy litigation team at the Sasser Law Firm has a detailed understanding of bankruptcy law and the trial experience to handle the most difficult cases. Our upfront work to fully understand your case allows us to anticipate resistance and be prepared to fight for your interests all the way through appeal.
Some of the litigation issues our Harnett County bankruptcy law firm handles include:
- Creditors’ rights disputes
- Disputed asset valuations
- Disputes over asset sales
- Tax issues
- Interest rate disputes
- Accusations of breach of fiduciary duty
- Fraud accusations
- Challenges to restructuring plans developed outside court
- Pre-bankruptcy separation agreements.
Bankruptcy litigation can be complicated. Typically, there are several parties fighting for their own interests. This is why you need a bankruptcy law firm with the knowledge, skill and resources to stand and fight for you. Bankruptcy hearings and trials are scheduled on a shorter timetable than other types of cases, so your attorneys must have the knowledge to identify and gather the financial information needed without delay and be ready to act quickly.
Whatever financial hardship you are confronting, you have to take the first step to deal with the situation. Get started by scheduling a free consultation with an experienced Harnett County bankruptcy lawyer at the Sasser Law Firm.
Talk to an Experienced Harnett County Bankruptcy Lawyer Today
The Sasser Law Firm can help you with a personal bankruptcy or a business bankruptcy case. Our team is available to discuss your options, develop a plan for you, and/or take immediate action to protect you. Whatever you need, we are here to provide the support and legal assistance you need as you work toward a better financial future for yourself or your business.
Contact us now to schedule a free consultation about your case with an experienced Erwin bankruptcy attorney. The Sasser Law Firm works with individuals and businesses from Lillington, Dunn, Plainview, Benson, Turlington, Erwin and across Harnett County, as well as from surrounding North Carolina communities.