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.

How Do I Get My Transcripts If I Owe My College Money?

June 14, 2018 Brian V. Lee

Academic transcripts are the property of a school. Each school makes its own policy about whether to release transcripts. No federal law requires a school to release official academic transcripts to an indebted student. Bankruptcy and debt defense attorneys get [ . . . ]

How to Prevent Vehicle Repossession

June 12, 2018 Brian V. Lee

If you fall behind on car payments, you run the risk of repossession. Some lenders are quicker than others to repossess, but most wait until the third month of non-payment. There are several methods to prevent vehicle repossession. Your lender [ . . . ]

File Bankruptcy to Stop a Lawsuit

May 1, 2018 Brian V. Lee

If a creditor sues you on a debt, you should know that you can file bankruptcy to stop a lawsuit. A creditor may sue you for the debt on repossessed car, broken lease, or credit card. Or a former lender [ . . . ]

Should I File Bankruptcy or Divorce First?

April 24, 2018 Brian V. Lee

Divorce can be messy. Bankruptcy cleans up messes. But whether you should file bankruptcy or divorce first depends on your specific circumstances. In some cases, filing bankruptcy before divorce makes sense. In other cases, filing bankruptcy before the finalization of a [ . . . ]

Lee Legal Will Take Your Collection Calls

April 18, 2018 Brian V. Lee

Creditors can be really annoying. Collection calls and correspondence can disrupt your life and cause unfortunate and unnecessary embarrassment. If you know that you’re about to file bankruptcy, you can relieve the pressure before you file. Lee Legal will take your collection calls [ . . . ]

Not Every Financial Mistake Leads to Bankruptcy

March 28, 2018 Brian V. Lee

It’s OK to make mistakes. After all, not every financial mistake leads to bankruptcy. Yet the converse is also true. Not every bankruptcy is caused by mistake. Everyone makes mistakes, but only the wise learn from them. You must allow [ . . . ]

How Much Will I Have to Pay in a Chapter 13 Bankruptcy?

March 1, 2018 Brian V. Lee

Chapter 13 bankruptcy is sometimes called the “wage-earner’s bankruptcy.” The Chapter 13 Plan requires a monthly payment over a period of 36 to 60 months. Self-employed people cut a monthly check to the Chapter 13 trustee. People employed by companies [ . . . ]

What is a Motion for Relief from Automatic Stay?

February 13, 2018 Brian V. Lee

In bankruptcy, a Motion for Relief from Automatic Stay (in short, an “MFRS”) is an attempt by a creditor to initiate or continue certain collection efforts. The Automatic Stay takes immediate effect in every bankruptcy case. The Automatic Stay prohibits creditors from [ . . . ]

Protect Your Tax Refund in Bankruptcy

February 5, 2018 Brian V. Lee

If you are due a tax refund and file bankruptcy, you must take proactive steps to protect it. Asset protection is a big part of what bankruptcy lawyers do. If you want to protect your tax refund in bankruptcy, talk [ . . . ]

Select the Best Bankruptcy Lawyer for You

January 22, 2018 Brian V. Lee

Select the best bankruptcy lawyer for you. Make a personal connection, communicate, and ask questions. If you have a problem and want to tell someone about it, then you will probably want to tell a friend. Friends listen, and although [ . . . ]

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