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.

Bankruptcy and Marriage

September 9, 2010 Brian V. Lee

When a spouse is involved, filing bankruptcy can be significantly more complicated than filing a simple individual bankruptcy. The intersection of bankruptcy and marriage can create complicated circumstances for both spouses. In many cases, a married couple may find themselves [ . . . ]

You Can’t Be Fired for Filing Bankruptcy

August 29, 2010 Brian V. Lee

You can’t be fired for filing bankruptcy. The Bankruptcy Code expressly prohibits your employer from discriminating against you for filing for bankruptcy protection. The Code has two separate provisions. The first one deals with public employers, that is, the government. [ . . . ]

Discuss Bankruptcy With Your Family

August 26, 2010 Brian V. Lee

Families can face strain when a member of the family faces bankruptcy. Financial problems often lead to damaged relationships and sometimes even divorce. When considering whether to file for bankruptcy, be sure also to weigh the effect it will have [ . . . ]

File a Chapter 7 Bankruptcy: A Step-by-Step Guide

July 26, 2010 Brian V. Lee

You may be aware that bankruptcy involves a complex set of laws and procedures specific to each individual jurisdiction. Filing for bankruptcy may seem daunting at first. If you are considering filing Chapter 7 bankruptcy in DC, Maryland or Virginia, [ . . . ]

Should I File Bankruptcy?

July 6, 2010 Brian V. Lee

Bankruptcy is not for everyone, and not a decision to take lightly. Over three quarters of a million Americans will declare bankruptcy in 2017. But how do you know if bankruptcy is right for you? If you find yourself asking, [ . . . ]

Stop Car Repossession

July 5, 2010 Brian V. Lee

You will probably want to stop car repossession if you have defaulted on your vehicle loan. If you stop making car payments, your financing company will repo your vehicle. No joke. Vehicle finance agreements are usually rock solid, and the [ . . . ]

Top 10 Myths About Bankruptcy

June 17, 2010 Brian V. Lee

If you are considering filing bankruptcy, consult with an attorney to help you understand your options. You should not take lightly the choice to file bankruptcy. But you should also not dread bankruptcy for the wrong reasons. Don’t fall prey [ . . . ]

Emergency Bankruptcy

June 16, 2010 Brian V. Lee

A person may need to file an emergency bankruptcy to prevent some particular action by a creditor, like garnishment, repossession, or a foreclosure auction. In such cases, the bankruptcy court allows a bankruptcy case to commence with the filing only [ . . . ]

Homeowners Association Fees in Bankruptcy

June 15, 2010 Brian V. Lee

Even if you file bankruptcy and surrender your home, in some cases, your homeowners association can still pursue you for unpaid dues. In Washington, D.C., Maryland and Virginia, homeowners associations have a “superpriority” for unpaid dues. Up until title to [ . . . ]

$1.1M to Settle an $8K Credit Card Debt?

June 8, 2010 Brian V. Lee

With the Credit CARD Act of 2009, Congress enacted the most sweeping changes in credit card laws in decades. The majority of consumer protections kicked in on February 22, 2010. Now credit card companies are required to divulge how many [ . . . ]

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