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.

Six Common Foreclosure Mistakes

January 24, 2019 Brian V. Lee

If your mortgage lender commences foreclosure proceedings, educate yourself about the process so you can chart the best way forward for you. You have options — but do your best to avoid the most common foreclosure mistakes. Believing that once [ . . . ]

Why Chapter 13 Bankruptcy Cases Get Dismissed So Often

November 15, 2018 Brian V. Lee

Chapter 13 bankruptcy cases get dismissed for lots of different reasons. Most dismissals, however, can be avoided. Chapter 13 is complicated Obtaining trustee and creditor consensus on a court-approved repayment plan takes hard work, finesse, and expertise. Chapter 13 allows [ . . . ]

What is a Notice of Intent to Accelerate?

November 8, 2018 Brian V. Lee

Almost every mortgage contains the requirement that your lender send a Notice of Intent to Accelerate before it can initiate foreclosure proceedings. What is a Notice of Intent to Accelerate? Sometimes called a Default Letter, the Notice of Intent to [ . . . ]

Setting Realistic Foreclosure Defense Objectives

October 30, 2018 Brian V. Lee

If you are facing foreclosure, you must take a pragmatic, level-headed approach to your foreclosure defense objectives. Often time is of the essence, and it will do you no good to explore unrealistic avenues of resolution. One important service that [ . . . ]

States Should Impose Foreclosure Deadlines on Mortgage Lenders

October 5, 2018 Brian V. Lee

Individual states should impose foreclosure deadlines on mortgage lenders. Forcing lenders to foreclose within specific timelines would solve several problems facing individual homeowners as well as entire neighborhoods. States must individually legislate changes to foreclosure procedures because foreclosures are governed [ . . . ]

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