Bankruptcy is the legal discharge of debt. If you have taken on more debt than you are able to repay, the law allows you to eliminate most and often all of your debt in bankruptcy. For some debtors, this can have the effect of providing a whole new start in life. The United States Bankruptcy Code is complicated and constantly changing, however, so great care must be taken in preparing a bankruptcy petition.

Chapter 7 and Chapter 13 are the two types of bankruptcy typically available to individual or joint debtors. In either type of bankruptcy, the court issues an nifty order called the “automatic stay,” which directs your creditors to cease all collection activities immediately under penalty of sanction. If your home is scheduled for a foreclosure sale, the sale will be legally postponed while the bankruptcy is pending, typically for three to four months.

If you are considering filing for bankruptcy in Washington, D.C. , Virginia or Maryland, it is strongly recommended that you contact a knowledgeable bankruptcy attorney immediately.

Lee Legal is a debt relief agency as defined by 11 U.S.C. § 528(a)(4). In other words, we help people file for relief under the Bankruptcy Code.

6 Tips to Rebound from Bankruptcy

August 30, 2016 Brian V. Lee

When you file for bankruptcy, you’re giving yourself a financial fresh start. Bankruptcy allows you to easily free yourself from debts you have no realistic ability to repay. Although there are many positive benefits from bankruptcy, your credit will still also [ . . . ]

Why Don’t You Do Right? – Peggy Lee

August 28, 2016 Brian V. Lee

You had a plenty money 1922 You let other women make a fool of you Why don’t you do right Like some other men do? Get out of here and get me some money, too You’re sitting down wondering what [ . . . ]

Can a Debt Collector Message Me on Facebook?

August 26, 2016 Brian V. Lee

If you are being pressured to pay a debt, you know that collection agents can be relentless. A collection agency may be constantly bombarding you with demands for payment. Letters, phone calls, and . . . Facebook? That’s right. Social media makes [ . . . ]

American Employees: Consumers or Costs?

August 22, 2016 Brian V. Lee

Henry Blodget, CEO of business news site Business Insider, recently published a blog titled Time for a Better Capitalism. The article examines how U.S. corporations think of American employees as “costs,” instead of as consumers. Blodget claims that shift has, over time, fundamentally changed [ . . . ]

Royals — Lorde

August 21, 2016 Brian V. Lee

I’ve never seen a diamond in the flesh I cut my teeth on wedding rings in the movies And I’m not proud of my address In a torn-up town, no postcode envy But every song’s like gold teeth, Grey Goose, [ . . . ]

Will I Owe Money After Foreclosure?

August 19, 2016 Brian V. Lee

Many people who call our office want to save their homes from foreclosure. In other cases, a foreclosure has already taken place. There are many different reasons why a foreclosure may be scheduled, ranging from market conditions to change in homeowner circumstances. [ . . . ]

How Much Does Bankruptcy Cost?

August 17, 2016 Brian V. Lee

There are three main chapters of bankruptcy for individuals, and all three have different bankruptcy costs and fees. Your total bankruptcy cost includes both court filing fees, which are an administrative requirement, and legal fees, which are paid to your attorney. If you’re having difficulty [ . . . ]

Income Inequality and Income Mobility Go Hand in Hand

August 15, 2016 Brian V. Lee

I have previously written about the stunning state of income inequality in America. Two necessary ingredients of Americanism — meritocracy and momentum — are missing in America today. This article looks the relationship between income inequality and income mobility. We define income inequality as [ . . . ]

Carnival — Natalie Merchant

August 14, 2016 Brian V. Lee

I’ve walked these streets A virtual stage It seemed to me Make up on their faces Actors took their Places next to me I’ve walked these streets In a carnival Of sights to see All the cheap thrill seekers The [ . . . ]

1 2