Bankruptcy News

It’s pretty common advice for us to give our clients, “once you’ve decided to file a bankruptcy case, don’t incur any more debt and don’t pay on any more debt.” In other words, don’t throw good money after bad. The...

We stare at a lot of pre-bankruptcy credit reports. We love ‘em: they tell us who our clients owe, who they used to owe, what their old addresses were, and what their maiden name used to be. We love credit...

There are two kinds of creditors – those whose loans are built on sand and those whose loans are built on rock. We usually call these “secured” or “unsecured” creditors, but sometimes it’s helpful to think of them in more...

Bankruptcy jurisprudence is prejudiced in favor of the entrepreneur. And while the particular terminology of “consumer” or “non-consumer” debt is relatively recent, the idea that business owners should receive an extra dose of judicial mercy stretches back to the colonial...

Patricia Kluge has assets that she values at $2.6 million dollars. We know this because she filed bankruptcy last week. We also know that she has debts of $47.5 million, which certainly puts the grey velvet chaise lounge and engraved...

As the number of individuals tied to mortgages greater than the value of their homes rises, so does the appeal of short-sales, a process by which the borrower petitions the mortgage lender to accept less than what they are owed...

The list of creditors that most debtors amass doesn’t make for particularly dramatic reading, or even elicit any particularly compelling pangs of remorse. After all, Discover Card and Bank of America can take care of themselves and have shown themselves...

Sasser Law Firm serves clients in the following North Carolina counties: Wake, Harnett, Johnston, Durham, Orange, Granville, Vance, Franklin, Warren, Nash, Lee, Chatham, and Moore.