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.

Student Loan Debt in DC, Virginia, and Maryland

November 8, 2017 Brian V. Lee

In October 2017 the Consumer Financial Protection Bureau (CFPB) published a 50 State Snapshot of Student Debt. Since its formation, the CFPB has handled tens of thousands of complaints related to student loan lenders, servicers, and debt collectors. Student loan debt in [ . . . ]

New Chapter 7 Means Test Numbers Take Effect

November 1, 2017 Brian V. Lee

New Chapter 7 means test numbers take effect November 1, 2017. The means test numbers purport to state the median income per family size based on jurisdiction. To file a Chapter 7 bankruptcy, you must qualify under the Chapter 7 bankruptcy [ . . . ]

Foreclosure Non-Retention Options

October 26, 2017 Brian V. Lee

If you have a property in foreclosure, your mortgage lender will likely send you all sorts of correspondence. You may have modification or reinstatement options, which is great if you want to retain the property. But for a variety of [ . . . ]

The Key to Saving is Living Below Your Means

October 18, 2017 Brian V. Lee

Have you ever heard of Parkinson’s Law? It was first articulated by C. Northcote Parkinson in an article in The Economist in 1955. Parkinson’s Law is the adage that “work expands so as to fill the time available for its completion.” Parkinson’s [ . . . ]

Preparing for a Deposition

October 16, 2017 Brian V. Lee

A deposition is basically out-of-court testimony, made under oath, and recorded by a court reporter. Depositions are taken during litigation for later use in pleadings or during trial. Preparing for a deposition can be nerve-wracking, but it is far preferable [ . . . ]

Class Divide: Classism in Microcosm in NYC

October 10, 2017 Brian V. Lee

The HBO documentary Class Divide examines wealth disparity in the West Chelsea neighborhood of Manhattan in New York City. Specifically, the film toggles between the very wealthy young students of the Avenues School and the very poor living right across the street [ . . . ]

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