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.

Freeze Your Credit, Don’t Lock It

August 20, 2018 Brian V. Lee

A new law — the Economic Growth, Regulatory Relief, and Consumer Protection Act — takes effect on September 21, 2018. The law requires the big three credit bureaus to offer free fraud alerts and credit freezes. Equifax, Experian, and TransUnion [ . . . ]

King of the Road — Roger Miller

August 19, 2018 Brian V. Lee

Trailers for sale or rent Rooms to let, fifty cents No phone, no pool, no pets I ain’t got no cigarettes But two hours of pushin’ broom Buys an eight-by-twelve four-bit room I’m a man of means by no means [ . . . ]

Two Princes — Spin Doctors

August 12, 2018 Brian V. Lee

One, two princes kneel before you That’s what I said now Princes, princes who adore you Just go ahead now One has diamonds in his pockets That’s some bread now This one said he wants to buy you rockets Ain’t [ . . . ]

What Happens to My Debts When I Die?

August 7, 2018 Gina Mangiaracina

When planning a future for your loved ones, you do not want your legacy to include a mountain of debt. Many people are unaware that their debts can continue to haunt those they leave behind. Whoever you select to manage [ . . . ]