Should I File Chapter 7 or Chapter 13 to Stop Foreclosure?

Should I File Chapter 7 or Chapter 13 to Stop Foreclosure

Which bankruptcy should I file? Chapter 7 is quick and easy, but Chapter 13 allows repayment of missed mortgage payments. Whether you file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, the “automatic stay” goes into immediate effect. The automatic stay prevents your creditors from taking any steps to try to collect money from you. Both Chapter 7 […]

D.C. Bankruptcy Attorney Advocates for Student Loan Discharge

Rep. Eleanor Holmes Norton and Brian V. Lee

Brian V. Lee, the District of Columbia State Chair for the National Association of Consumer Bankruptcy Attorneys (NACBA) and principal attorney for  Lee Legal, met with District of Columbia Congresswoman Eleanor Holmes Norton to discuss the student loan discharge in Chapter 7 bankruptcy.  The meeting was part of “Hill Day at Home,” which allows NACBA […]

Why Realtors Should Not Turn Away Bankruptcy Clients

Why realtors should not turn away bankruptcy clients

Realtors should not turn away bankruptcy clients.  In fact, realtors shouldn’t have many concerns at all if approached by a client in bankruptcy. In most cases, bankruptcy does not complicate real estate sales very much at all. If the client is in Chapter 7 (liquidation) bankruptcy, usually the client needs cash quickly. Realtors often list […]