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Can Foreclosure Be Stopped Without Filing for Bankruptcy?
If you’re facing foreclosure proceedings, bankruptcy may be the last thing on your mind. But you should consider bankruptcy both your first option — and your last — if you are in foreclosure. One question I get asked all the time: Can Foreclosure Be Stopped Without Filing for Bankruptcy? Bankruptcy Stops Foreclosure Proceedings Chapter 13…
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The Steep Cost of Debt Settlement Companies
The cost of debt settlement companies is steep, too steep. Debt settlement companies trash your credit and increase your tax liability. And in most cases, debt settlement companies will fail to settle a single debt on your behalf. Here’s why I believe debt settlement companies are a very poor choice for most people. The Cash Cost…
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Where do I mail my Chapter 13 Plan payment in DC, MD and VA?
Once your Chapter 13 bankruptcy has been filed, you will make your Chapter 13 Plan payments directly to the trustee for several months. Your first Plan payment must be made no later than 30 days from the date that your case is filed. Once your Plan has been confirmed, usually three to five months later,…
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What Happens to Student Loans in Chapter 13 Bankruptcy?
Student loans remain valid debts after discharge in either Chapter 7 bankruptcy or Chapter 13 bankruptcy. However, paying your student loans in Chapter 13 bankruptcy allows you some breathing room to pay your other debts. What Is Chapter 13? Chapter 13 bankruptcy is sometimes called the “wage-earner’s bankruptcy.” Many people who do not qualify for Chapter…
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Wiping Out Parking Tickets in Bankruptcy
You can discharge only very old parking tickets in bankruptcy, after they have been sent to a third-party debt collector. Otherwise, parking tickets pass through the Chapter 7 bankruptcy discharge because they are debts owed to a “governmental unit.” Parking Tickets in Bankruptcy Unfortunately, in most cases parking tickets cannot be discharged in Chapter 7…
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The Debt Snowball and the Debt Avalanche
I periodically review debt management books to see if there are any new methods that might be useful to my clients. I just finished the book Dear Debt: A Story About Breaking Up with Debt by Melanie Lockert. The book contains a few useful pieces of advice. But the most interesting section deals with the two…
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Get a Mortgage Modification with Chapter 13
When you cannot afford to pay your mortgage, there are a few possible outcomes, including a short sale or foreclosure. If you want to keep your home, however, the best solution is usually mortgage modification. Mortgage modification involves changing the terms of your mortgage loan so that it becomes more affordable to you. Mortgage modification…
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How Much Does Bankruptcy Cost?
There are three main chapters of bankruptcy for individuals, and all three have different bankruptcy costs and fees. Your total bankruptcy cost includes both court filing fees, which are an administrative requirement, and legal fees, which are paid to your attorney. If you’re having difficulty making ends meet, it’s natural to wonder: Just how much does bankruptcy cost? Chapter 7…
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Should I File Chapter 7 or Chapter 13 to Stop Foreclosure?
Which bankruptcy should I file? Chapter 7 is quick and easy, but Chapter 13 allows repayment of missed mortgage payments. Whether you file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, the “automatic stay” goes into immediate effect. The automatic stay prevents your creditors from taking any steps to try to collect money from you. Both Chapter 7…
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Realtors Should Not Turn Away Bankruptcy Clients
Realtors should not turn away bankruptcy clients. In fact, realtors shouldn’t have many concerns at all if approached by a client in bankruptcy. In most cases, bankruptcy does not complicate real estate sales very much at all. If the client is in Chapter 7 (liquidation) bankruptcy, usually the client needs cash quickly. Realtors often list…
Chapter 13
More About
Chapter 13
Chapter 13 bankruptcy is the most powerful tool available for homeowners who want to keep their property and get their finances back on track. Unlike Chapter 7, Chapter 13 lets you catch up on missed mortgage payments over time through a structured repayment plan — stopping foreclosure immediately and allowing you to stay in your home.
Chapter 13 consolidates all your debts into a single monthly payment you can actually afford, based on your income and expenses. The plan runs three to five years, and any remaining eligible debt is legally discharged at the end. You keep your assets, stop the creditor calls, and come out the other side with a clean slate.
Lee Legal has helped thousands of homeowners and families across Washington DC, Virginia, and Maryland successfully navigate Chapter 13 bankruptcy. Attorney Brian Lee brings over 20 years of reorganization experience to every case — drafting plans that work, negotiating with trustees and creditors, and keeping your case on track from filing to discharge.
Browse our Chapter 13 resources below, or call us today at (202) 448-5136 to find out if Chapter 13 is right for you. Every consultation is free and confidential.
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