Top Three Reasons to File Bankruptcy
Bankruptcy is not appropriate for every situation, and the primary concern of a bankruptcy lawyer is to explore all of the options to determine whether bankruptcy or some other option is the best choice for you. No one intentionally chooses financial hardship. But how you face your adversity impacts your outcome. Here are the Top […]
Debt Settlement Companies are Rip-Offs
There exists no independent research on the success rates of so-called “debt settlement” companies. Both internal company reports and copious anecdotal evidence suggest that fewer than one in four of those who hire these companies actually complete their programs. Even more troubling, most debt settlement clients are sued by their creditors while in a debt settlement […]
What is Skip Tracing?
Skip tracing (or “skiptracing”) is the imprecise and frequently inartful process of locating a person’s whereabouts by whatever means available to the skip tracer. Skip tracing tactics are most often employed by debt collectors, although the methods are also used by law enforcement, private investigators, bounty hunters, and journalists. Skiptracing is also sometimes referred to […]
Another Disclaimer
Another disclaimer from Lee Legal. We assume zero liability for the information provided in this blog. Call us if you are seriously considering filing for bankruptcy protection. Lee Legal assumes legal liability for neither the timeliness nor the accuracy of the information provided in this blog. Call a Bankruptcy Lawyer If you live in Washington […]
Documents Required to File Bankruptcy
The documents required to file bankruptcy are usually not too difficult to obtain. If you are getting ready to file bankruptcy, start gathering together the documents your bankruptcy attorney will need to draft and file your case. You will sign your bankruptcy filing under penalty of perjury. Your bankruptcy attorney must make reasonable inquiry into all your […]
What is a Deed in Lieu of Foreclosure?
A “deed in lieu of foreclosure” is the legal transfer of ownership of real property to the primary mortgage holder. The deed in lieu of foreclosure, sometimes simply called “deed in lieu,” is an option to avoid foreclosure. A deed in lieu conveys the homeowner’s interest in the property back to the lender, usually in exchange for forgiveness […]
File Chapter 13 Bankruptcy to Delay Foreclosure
If you are behind on your mortgage payments, your mortgage company will take legal action to foreclose on your home. Many homeowners are willing to take whatever measures necessary to keep their homes, even for an indefinite time. Chapter 13 bankruptcy is often the only way to fend off a foreclosure in the event that […]
How Will Bankruptcy Affect My Credit Score?
Bankruptcy fixes many past and current financial problems. But before you file, it’s smart to ask: How will bankruptcy affect my credit score? What is my credit score? Your credit score is a numerical expression (between 300 and 850) based on the statistical analysis of your individual credit data. Your credit score is very important. […]
What is the Statement of Intention?
When a homeowner files for Chapter 7 bankruptcy protection, the very first page of the bankruptcy filing that the mortgage company turns to is the Statement of Intention. The Statement of Intention (or Statement of Intent) discloses the debtor’s intention toward secured property, like cars and homes. In the Statement of Intention, the debtor states […]