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.

Thumbs — Sabrina Carpenter

January 29, 2017 Brian V. Lee

Somewhere in the world There is a father and a mother And the father is a son who has a mother And the mother has a daughter Who gets married to the brother of a mother And they all just [ . . . ]

Top 5 Ways to Bounce Back After a Foreclosure

January 27, 2017 Brian V. Lee

A foreclosure stays on your credit for seven years. But the effects of foreclosure on your credit immediately start to diminish once the foreclosure has been completed. The same isn’t true for people. Losing a home is tough. Here are the Top [ . . . ]

Good Credit is So Important

January 25, 2017 Brian V. Lee

Do you want to buy a home? Maybe you want to rent? Do you want to buy a car? Or a boat, or a wedding ring? Do you want to borrow some money and make improvements to your home? Or would [ . . . ]

Donald Trump — Mac Miller [NSFW Inauguration Version]

January 20, 2017 Brian V. Lee

Music About Money: Inauguration Version In recognition of the inauguration of Donald Trump as the 45th President of the United States, here are two versions of Mac Miller’s platinum-selling song “Donald Trump.” The first version is a mashup of the song [ . . . ]

Top 5 Worst Debt Collection Defenses

January 11, 2017 Brian V. Lee

Good debt collection defenses flow from the specific circumstances of the debt. Bad debt collection defenses merely delay the lawsuit without changing its outcome. And the worst debt collection defenses are irrelevant, waste the court’s time, and possibly add costs and fees to [ . . . ]

Did You Steal My Money — The Who

January 7, 2017 Brian V. Lee

I wake up on broken glass But you left your number All the members of the cast Reckon I was lumbered Did you steal it Did you screw me Did you peel it Did you do me Are you out [ . . . ]

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