Blog
New Bankruptcy Law To Benefit Small Businesses
President Trump has signed the Small Business Reorganization Act of 2019 (SBRA) into law, streamlining Chapter 11 bankruptcy restructuring for small businesses to make the process faster and less expensive. The new bankruptcy law, which takes effect on February 19,…
Reverse Mortgages and Bankruptcy: What You Need To Know
It’s not unusual for us to meet with individuals whose financial condition is best described as land rich, but cash poor. These are usually people who have lived in their home long enough to have built up significant equity but…
Chapter 13 Debt Limits Increasing after April 1, 2019
Individuals who are considering seeking bankruptcy protection may benefit from the recent increase in the amount of debt you can have and qualify to file for a Chapter 13 bankruptcy reorganization. Debtors can only qualify for a Chapter 13 reorganization…
Tracking Your Monthly Expenses to Avoid Financial Problems
Financial trouble can be avoided by making sure you do not spend more money than you take in. It sounds simple, but many people lose the battle of income vs. expenses. The key to coming out ahead is making sure…
Can Bankruptcy Courts Stay Open During a Government Shut Down?
The partial federal government shutdown, which began Dec. 22, is now in its fourth week, the longest shutdown of the modern era, due to a budget impasse between Congress and the President over funding for a border wall. It’s understandable…
5 Tips for Improving Your Credit Score
When the Sasser Law Firm works with individuals and businesses who seek bankruptcy protection, the goal is for the client to emerge from bankruptcy in stronger financial health. In addition to discharging some debt, you need to reestablish your ability…
NC Bankruptcy Rule Change Helps People After Hurricane Florence
Thousands of people in eastern North Carolina have been dislocated and their lives disrupted by the historic flooding caused by Hurricane Florence. If you are struggling to meet your bankruptcy payment obligations while dealing with the effects of the hurricane,…
Post-Bankruptcy HOA Dues
Homeowners association dues aren’t usually at the top of the list of worries for someone struggling with an unmanageable load of debt. Compared to delinquent mortgage payments, credit card debt, and medical bills piling up, the monthly or quarterly dues a homeowner…
Cross-Collateralization Bankruptcy
Many people sign loan agreements without reading the fine print or understanding the consequences if the agreement contains a cross collateralization clause. Cross collateralization provisions in loan agreements can create unexpected complications for borrowers seeking to discharge debts by filing…
Duties of the Standing Chapter 13 Trustee
Because the Eastern District of North Carolina is altering the Chapter 13 confirmation process it seems like a good time to explore the role of the trustee in Chapter 13 bankruptcy proceedings. Since most Chapter 13 bankruptcy cases take approximately…
