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Avoiding Bankruptcy Can Cost You Money
Avoiding bankruptcy when you know that it’s the smartest choice can cost you money. In almost every case my clients really did everything they possibly could to avoid bankruptcy. But mistakes are easy to make. Do not do any of the following before consulting an attorney: Borrow money to pay for borrowed money Draw down…
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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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Short Sale vs. Foreclosure in Virginia
If you can’t pay your mortgage and take no action, chances are good that you are going to lose your home. Default on a mortgage invariably leads to foreclosure in Virginia. However, foreclosure is usually the very worst possible alternative. Whenever possible, it is far better to consider other options, including arranging a short sale.…
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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 Refinancing Stop Foreclosure?
If you default on your mortgage, the mortgage lender will foreclosure on your property. The bank will enforce its legal right, as a secured creditor, to repossess and sell the property. At foreclosure auction, the lender attempts to recover the money that is owed on the mortgage. Not only can you lose your home, but foreclosure…
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Can I Keep a Credit Card After Bankruptcy?
If you are filing for bankruptcy, you should know that it’s sometimes difficult to obtain unsecured credit after you file. You may wonder whether you can keep a credit card after bankruptcy to use in emergencies. The answer is that you may be able to keep a credit card after bankruptcy under certain circumstances, but…
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Virginia Bankruptcy: Why File for Bankruptcy in Virginia?
Federal bankruptcy laws exist to protect those who are struggling with debt. Bankruptcy ensures a way out for people who are in over their heads financially. If you are having a hard time paying your bills and if you have a lot of debts, consider a Virginia bankruptcy filing. Why file for Virginia bankruptcy protection?…
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Can Student Loans in DC Be Discharged through Bankruptcy?
Today, one of the biggest debt problems that many people face is student loan debt. According to American Student Assistance, around 60 percent of college students — or 12 million college students each year — borrow money to cover the costs of attending school. Washington, D.C. has the most student debt in the nation. So can…
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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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Bankruptcy
If debt has taken over your life — the calls, the letters, the constant stress — bankruptcy may be the most powerful tool available to you. Filing immediately triggers an automatic stay, which legally stops creditor calls, wage garnishments, lawsuits, and foreclosure auctions the moment your case is filed.
Lee Legal has helped thousands of individuals, couples, and businesses across DC, Virginia, and Maryland eliminate debt and reclaim their financial lives. Attorney Brian Lee brings over 20 years of bankruptcy experience to every case — and he’ll work directly with you from your first free consultation to your final discharge.
Chapter 7 eliminates most unsecured debt — credit cards, medical bills, personal loans — permanently. Most cases are resolved in about three months.
Chapter 13 lets you keep your assets and catch up on missed mortgage payments through a structured repayment plan that fits your budget. It’s the most powerful tool available for stopping foreclosure.
Chapter 11 gives businesses and high-income individuals a path to reorganize debt while continuing operations — without shutting down.
Bankruptcy law is complex and constantly evolving. You shouldn’t navigate it alone — and with Lee Legal, you don’t have to.
Call (202) 448-5136 today. Every client gets a free, confidential consultation.
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