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Chapter 13 Bankruptcy: How Much Does it Cost?
Chapter 7 is a quick and easy way of discharging your debt. But Chapter 7 doesn’t solve secured creditor problems and is unavailable to higher income debtors. You will want to use a Chapter 13 bankruptcy to restructure your debt if Chapter 7 won’t work for you. If you’re considering filing Chapter 13 Bankruptcy in…
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How Come I Have to Pay Back Creditors If I Filed Bankruptcy?
Filing bankruptcy gives you immediate relief from debt. But not every person who files for bankruptcy qualifies for Chapter 7 liquidation. In many cases, you make too much income to file a Chapter 7 bankruptcy. Under those circumstances, you should consider filing a Chapter 13 bankruptcy. In a Chapter 13 you wind up needing to pay back…
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What is the Bankruptcy Means Test?
If you want to file Chapter 7 bankruptcy, you must pass the Chapter 7 bankruptcy means test. Congress designed the Chapter 7 bankruptcy means test to prevent higher income-earners from discharging debts they have income sufficient to pay. The means test affects the chapter of bankruptcy under which you are eligible to file. Discuss your…
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Should I File a Chapter 13 in Maryland?
Deciding whether to file for bankruptcy is an important choice. Once you’ve made the decision to get serious help with dealing with your debt, you have another choice to make. You need to decide which chapter of the bankruptcy code to file under. Talk to a qualified and experienced Maryland bankruptcy lawyer. Call Lee Legal…
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Lien Strip in Chapter 13 Bankruptcy
The lien strip in Chapter 13 bankruptcy can remove a lien guaranteeing a loan against your real property. The lien strip reclassifies the second mortgage or home equity line of credit (“HELOC”) from secured debt to unsecured debt. Lien stripping sometimes allows bankruptcy debtors to keep their homes. Most Chapter 13 lien strips also allow…
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The Bankruptcy Courses: Credit Counseling and Debtor Education
In most bankruptcy cases, the main purpose of filing is to obtain a discharge. The bankruptcy discharge is essentially a legal injunction against the enforcement or collection of debts. To obtain your bankruptcy discharge, you must complete two separate courses: credit counseling and debtor education. Via different providers, you can take these courses either online…
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What Will Happen to My Timeshare in Bankruptcy?
I frequently have bankruptcy clients who own timeshares with Blue Green, Marriott, Starwood, Westgate, Wyndham, Hilton, Powhatan, Playa Linda, etc. These clients often want to know: What Will Happen to My Timeshare in Bankruptcy? Have you ever seen the movie The Queen of Versailles? If you own a timeshare, you should give it a look. The…
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Student Loan Discharge in Virginia
According to American Student Assistance, around 60 percent of all students attending college or pursuing higher education borrow money to pay for tuition. As of 2012, the average student loan balance among all age groups was $24,301, with around a quarter of borrowers owing more than $28,000. These high student loan balances are a major…
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Can I Keep My Car If I File Bankruptcy?
Bankruptcy provides an important opportunity to eliminate debts that you are struggling with and cannot pay. However, many people are reluctant to consider bankruptcy even when filing makes sense. This reluctance can stem from serious concerns about having to give up essential possessions such as your car. I frequently answer the question: Can I Keep My…
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What is a Chapter 13 Bankruptcy?
Chapter 13 bankruptcy solves a lot of problems that the other chapters of the Bankruptcy Code cannot. When you get into trouble with debt and are not able to pay your bills, consider seeking bankruptcy protection. As an individual consumer, there are several different kinds of bankruptcy that you can file. These types of bankruptcy…
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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