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Chapter 11

Bankruptcy Judges are not Free to Craft Remedies

Published July 8, 2024 by Philip Sasser
judge legal gavel and bankruptcy court documents

Two different kinds of things were decided in the recent Supreme Court decision in Harrington v. Purdue Pharma L.P.: the specific thing and the general thing. The specific thing was that it is no longer permitted – even in very limited...

Disputed Territory

Published December 29, 2023 by Sasser Law Firm

The United States Supreme Court recently heard oral arguments about the Purdue Pharma bankruptcy case. That, in itself, is not terribly unusual. Since bankruptcy is Federal Law, the US Supreme Court is the natural and appropriate endpoint for all bankruptcy...

Can I Be Discriminated Against For Filing Bankruptcy In The Employment Context?

Published November 9, 2023 by Sasser Law Firm
an employee filling up form for bankruptcy

Filing for bankruptcy can be a relief for those facing financial stress. However, many fear doing so will have negative reputational or professional repercussions. Some worry that an employer or potential employer will discriminate against them if they file. Understanding...

How Much Does It Cost to File for Bankruptcy?

Published November 7, 2023 by Sasser Law Firm
form on grey office desk with computer keyboard top view

If you’re considering filing for bankruptcy, you may have many questions. You might wonder, how much does it cost to file bankruptcy? Depending on the type of bankruptcy and the attorney you choose to handle your case, various costs are...

Can I Keep My Business While Filing for Bankruptcy?

Published August 16, 2023 by Sasser Law Firm
Bankruptcy sign in front of toy house and coins

As a business owner, your business is important to you. Many business owners don’t realize they may be able to continue operating their business while seeking bankruptcy relief.  If you are a business owner struggling to pay your vendors and...

Are PPP Loans Eligible Dischargeable In Chapter 11 Bankruptcy?

Published July 11, 2023 by Sasser Law Firm
Paycheck Protection Program (PPP) Loans

In response to the economic challenges that arose during the COVID-19 pandemic, the U.S. government initiated the Paycheck Protection Program (PPP) in 2020. This program aimed to help small businesses stay afloat by providing low-interest, forgivable loans that covered payroll, rent,...

When Should A Small Business File For Bankruptcy?

Published July 7, 2023 by Sasser Law Firm
Man contemplating money in wallet during bankruptcy

Many small business owners may be uncertain about what to do when their business is struggling and at what point to file a small business bankruptcy. The right steps to take will depend on the specifics of the situation. But...

Can I Move to Another State After Filing for Bankruptcy in NC?

Published January 26, 2023 by Sasser Law Firm
family moving out of their house

For some people going through or considering bankruptcy, moving can seem like an opportunity for a fresh start. Other times, a move is necessary to secure a well-paying job. One of the questions we occasionally get asked is, “Can you...

Preparing for a 341 Meeting

Published July 25, 2022 by Sasser Law Firm
Bankruptcy meeting

If you face serious financial difficulties, you might consider filing for bankruptcy to get a fresh start. There are several steps in the bankruptcy process. One of the most crucial is the 341 meeting of creditors, required by section 341...

What Constitutes a Household Good in Bankruptcy?

Published May 3, 2022 by Sasser Law Firm

Exempt Property in a North Carolina Bankruptcy Some people avoid filing bankruptcy because they believe they’ll have to give up all their assets. However, an individual debtor is allowed to exempt certain property from the bankruptcy. For more information on...

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