Your Best Debt Defense May Be Bankruptcy

Unresolved debts can take an enormous toll on your overall quality of life. If you feel anxious every time your telephone rings or get a knot in your stomach when retrieving your mail, you may gain peace of mind by seeking bankruptcy protection. In fact, your best debt defense may be bankruptcy. The two main […]

Bankruptcy is the Cure That Ails You

Bankruptcy is not like drinking a cold milkshake. It’s not like lying on the beach, soaking up the sun. Or having a drink at the club with your friends. Bankruptcy isn’t for everyone or for every situation. And bankruptcy isn’t fun — it’s a very serious decision. Bankruptcy is the cure that ails you. Bankruptcy […]

Causes of Debt

There are many different causes of debt. The TV quiz show Jeopardy! recently addressed five types. Student loans Seven in ten students graduate with student loan debt, which is now bigger than both auto loans and credit cards. And student loan debt is the most collectible cause of debt there is. Student loans are nondischargeable […]

Old Apartment Lawsuit: Broken Leases

Are you now facing an old apartment lawsuit for a broken lease? Have you moved out of an apartment and still owe rent? There are lots of reasons to move out of an apartment without paying all of the rent that was contractually due: unsafe or unsanitary conditions, call to military service, realizing you’re living […]

Bankruptcy is NOT a Last Resort

Bankruptcy is NOT a Last Resort -- LEE LEGAL -- DC VA MD Bankruptcy Lawyer

You may have heard the myth repeated so many times that it takes on the air of authority. “Bankruptcy is a last resort.” Well, it’s just not true. Sure, you could struggle. You could drain fully protected retirement or savings accounts. Or you could stretch your monthly budget to its breaking point, just to make […]

Should I Get a Credit Card After Bankruptcy?

Once you file Chapter 7 bankruptcy, you will be flooded with new credit card offers. It may seem counter-intuitive, but you should get a credit card after bankruptcy. Credit card companies are not doing you a favor. Once you receive a bankruptcy discharge, you actually become an excellent credit risk. After all, you have zero […]

Bankruptcy Can Actually Improve Your Credit Score

bankruptcy can actually improve your credit score

An excellent new study by the Federal Reserve Bank of New York examines the effects on households resulting from the 2005 change in bankruptcy laws. The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was signed into law by President George W. Bush. One of the surprising conclusions from the report is that bankruptcy can […]