Blog
How a Bankruptcy Filing Impacts a Foreclosure
Many debtors facing foreclosure in North Carolina turn to bankruptcy as an option. One of the main reasons debtors facing foreclosure file for bankruptcy protection is to take advantage of the automatic stay, which prohibits most collection attempts, including a…
New Bankruptcy Judge in Raleigh
Sasser Law Firm would like to congratulate David Warren on his appointment as the new Bankruptcy Judge for the Eastern District of North Carolina. To learn more about Judge Warren and his appointment, click here to view the release from…
Critical Vendors: An Exception to a Rule of Chapter 11
One of the Ten Commandments of being a chapter 11 debtor is this: Thou Shalt Not Pay Any Pre-Petition Creditor. But of course the moment the command leaves our lips, several exceptions emerge. One concerns the ongoing payments of certain suppliers…
Target Security Breach
On December 19, 2013, Target announced that thieves had gained unauthorized access to Target payment card data. 40 million guests who had shopped and made credit or debit card purchases in US Stores between November 27th and December 15, 2013 may…
Stripping Off an Unsecured Mortgage on Property Owned Tenancy by the Entirety in North Carolina
North Carolina recognizes Tenancy by the Entirety ownership of real property, and now there is one more reason why that matters in bankruptcy. Generally, a Chapter 13 bankruptcy case provides a means for stripping off a wholly unsecured junior mortgage…
Dismissal of Chapter 7 Case for Lack of Good Faith
On January 30, 2014, in the In re Stancil case from the Raleigh Division of the Eastern District of North Carolina, Judge Stephani Humrickhouse issued an opinion on a dismissal based on 707(a) of the Bankruptcy Code. A dismissal under…
How to Avoid Losing Part, or All, of a Bequest During a Chapter 13 Bankruptcy Case
The 4th Circuit Court of Appeals (of which North Carolina is a part) ruled October 28, 2013 that a Chapter 13 debtor who acquires a bequest during the pendency of the bankruptcy case may have to turn over part, or…
The Dangers of Homemade Estate Planning
There are a lot of things that are better homemade. Bannan pudding comes to mind, here. And Christmas tree ornaments. But when it comes to planning how a family member’s assets will be distributed after their death, it’s really best…
Can a Judgment Creditor Garnish Wages in North Carolina?
Having a judgment entered against you can be a stressful situation, especially when the Sheriff’s deputy shows up with a Writ of Execution. People often wonder if their wages can be garnished here in North Carolina by a judgment creditor. …
Former NFL Quarterback Vince Young Files Chapter 11 Bankruptcy
Former NFL quarterback, Vince Young, has filed for Chapter 11 bankruptcy protection in Houston, Texas. After spending his college years as quarterback for the University of Texas, Young was drafted by the Texas Titans as the third overall draft pick…
