Blog
Leaving Debts Off of a Bankruptcy Filing
We are commonly asked whether debts may be excluded from a bankruptcy filing. Below are several common examples: 1. A secured debt where the debtor wants to keep the collateral 2. A credit card that the debtor needs for: a. emergencies b. travel…
Credit Counseling and Financial Management Course Requirements
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) is considered to be one of the most radical bankruptcy reform laws. Among the sweeping changes ushered in by BAPCPA included a requirement for individual debtors seeking Chapter 7…
December 2013 and Year End Bankruptcy Statistics
December 2013 bankruptcy filings totaled 66,478 in the United States, bringing the nationwide filing total to 1,032,326 for the 2013 calendar year. According to the American Bankruptcy Institute, the December 2013 bankruptcy filings show a 12% decrease from the 75,691…
Hope for the Maturing Mortgage Loan
Though more common in the commercial lending context, loans secured by a person’s residence are occasionally designed to mature or balloon after a certain number of years. Often, when these loans were originated, the mortgage broker would assuage whatever fears…
Abraham Lincoln, Bankruptcy Attorney
Before becoming our nation’s sixteenth president, Abraham Lincoln was a practicing attorney in the state of Illinois. A self-educated lawyer, Lincoln began his career as an attorney during The Panic of 1837, a time of extreme financial crisis in the…
Country Music Star Eddie Montgomery Files for Bankruptcy
Eddie Montgomery, half of the country music duo Montgomery Gentry, filed for Chapter 7 bankruptcy relief on Tuesday, December 31, 2013 in Lexington, Kentucky. Montgomery claimed $13.4 million in liabilities and listed assets totaling $1.9 million. Best known for his…
November 2013 Bankruptcy Statistics
November 2013 bankruptcy filings totaled 74,021 in the United States, bringing the nationwide filing total to 965,789 through November 2013. According to the American Bankruptcy Institute, this is a 15% decrease from the 87,090 bankruptcy filings in November 2012. In comparison…
New Greenville Divisional Office
On October 28, 2013 the United States Bankruptcy Court Clerk’s Office for the Eastern District of North Carolina announced the closing of the Wilson divisional office effective October 30, 2013. The divisional office was relocated to 150 Reade Circle in…
Meet Our Staff: Sarah Blair, Legal Assistant
Upon entering the Sasser Law Firm office, you might smell the delicious aroma of coffee brewing thanks to our “Office Barista” and Legal Assistant, Sarah Blair. Sarah began working at the Sasser Law Firm in February 2011, along with her…
What to Expect at Your Bankruptcy Consultation and How to Prepare
The thought of filing for bankruptcy can often lead to roller coaster emotions and quite frankly feel intimidating and scary! Don’t worry! By contacting the Sasser Law Firm, you have taken the first step in gaining control over your financial…
