Chapter 13
How Do Chapter 7 and 13 Bankruptcy Affect My Credit?
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 credit...
Benefit of Car Liens When Filing Bankruptcy
Filing Bankruptcy with a Car Lien In some situations, an outstanding car loan – and, therefore, a lien on your car – can be helpful if you are filing for bankruptcy. Having an obligation to make car payments may allow...
North Carolina Chapter 13 Bankruptcy Plan Payments & COVID-19
In addition to the tremendous effect that COVID-19 had on the healthcare industry, it also affected the American economy. These effects will likely be felt for many years to come, so it is important that debtors understand protections that can...
Medical Debt Piling Up? Bankruptcy Might Help
The COVID-19 crisis is subsiding here in the United States. Thankfully, daily death tolls are decreasing, and many Americans are fully vaccinated. One of many lingering problems from the pandemic for some individuals will be medical bills relating to...
Can Bankruptcy Help You Retrieve Your Car After It Has Been Repossessed in North Carolina?
It is not uncommon for Sasser Law Firm to receive a phone call and the first words after “Hello,” are, “My car was just repossessed. Can I get it back if I file bankruptcy?” Of course, each situation can be...
What to Do When Your Mortgage Forbearance Ends
As COVID-19 mortgage payment forbearances come to an end in the coming months, chapter 13 bankruptcy is one of the options homeowners may wish to consider. A chapter 13 bankruptcy allows a homeowner up to five years to bring current...
Bankruptcy Can Help You Stop an Eviction or Help You Transition to a New Residence
Written By: Cort Walker The coronavirus pandemic and its impact on the local (Raleigh, NC) and national economy has financially devastated many individuals and families. Evictions and, as a result, homeless families are a very real threat for 2021. Many...
Bankruptcy and the "Consolidated Appropriations Act"
Written by: Philip Sasser When the first stimulus package (aka The CARES Act) was passed in March 2020, the part most people focused on was how much money they were going to get – responses generally falling into the categories...
Chapter 13 Bankruptcy and Building Credit
When you’re in Chapter 13 bankruptcy, it may feel like a purgatory that limits your financial options. You can, however, use this time and this tool to strategically improve your credit-worthiness. How Chapter 13 Bankruptcy Affects Your Credit Report The...
Cramdown in a Chapter 13 Bankruptcy
One of the major advantages of filing a bankruptcy under Chapter 13 is the ability to “cram down” a debt secured by your property. If you owe more than what your financed property is actually worth – which is a...
