Student Loans: The Only Type of Risk-Free Lending

Student Loans Are The Only Type of Risk-Free Lending -- Lee Legal -- DC VA MD

The only type of risk-free lending in the United States is student lending. Student loans cannot be discharged in bankruptcy and can even survive your death. No other type of lender in America is afforded the same protections as student loan lenders. Student loans are not dischargeable in bankruptcy Lots of different types of debts […]

What Is Mortgage Reinstatement?

What Is Mortgage Reinstatement -- Lee Legal DC VA MD

Mortgage reinstatement is your first and best loss mitigation option when facing foreclosure. Mortgage reinstatement means catching up your missed mortgage payments, along with all associated late fees and charges. To reinstate, you must pay the full amount due and owing in a single lump sum.  Mortgage companies rarely accept reinstatement amounts less than the amount […]

How Do We Reverse Extreme Wealth Concentration?

How Do We Reverse Extreme Wealth Concentration

The Institute for Policy Studies (IPS) published a white paper titled Billionaire Bonanza: The Forbes 400 and the Rest of Us. The IPS is a multi-issue think tank that has been conducting research on inequality for more than 20 years. The key takeaway from their study is that policymakers should be much more concerned with the question […]

What is a Motion for Relief from Automatic Stay?

Motion for Relief from Automatic Stay

In bankruptcy, a Motion for Relief from Automatic Stay (in short, an “MFRS”) is an attempt by a creditor to initiate or continue certain collection efforts. The Automatic Stay takes immediate effect in every bankruptcy case. The Automatic Stay prohibits creditors from undertaking any collection activities, including lawsuits, foreclosures, phone calls, garnishment, and repossession. A creditor may […]

Protect Your Tax Refund in Bankruptcy

If you are due a tax refund and file bankruptcy, you must take proactive steps to protect it. Asset protection is a big part of what bankruptcy lawyers do. If you want to protect your tax refund in bankruptcy, talk to an experienced bankruptcy lawyer. An income tax refund received after a bankruptcy is filed […]

Scott Tucker Sentenced for Illegal Payday Loan Practices

Scott Tucker Sentenced to 16 years For Illegal Payday Loan Lending -- Lee Legal -- DC VA MD

An episode of the Netflix series Dirty Money takes a look at Scott Tucker, payday loan company owner of 500FastCash, Ameriloan, and OneClickCash. On January 5, 2018, Tucker received a 16-year, 8-month prison sentence on federal criminal charges for operating an unlawful internet payday lending enterprise. Scott Tucker of 500FastCash, Ameriloan, OneClickCash Tucker charged his customers 400 […]