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.

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 [ . . . ]

Student Loans: The Only Type of Risk-Free Lending

February 27, 2018 Brian V. Lee

The only type of risk-free lending in the United States is student lending. Student loans cannot be discharged in bankruptcy and can even survive your death. No other type of lender in America is afforded the same protections as student [ . . . ]

Issues — Gary Soulz

January 7, 2018 Brian V. Lee

A fella just got fired How he gonna pay the rent now He just rear-ended a whip How he gonna fix that dent now Mind you, his name is not on no policy Pops said “No” because his pocket’s weak [ . . . ]

We All Have Problems — The Sheila Divine

December 10, 2017 Brian V. Lee

Where’s my success? All I have is greed Where’s this life that You promised me? Where’s my self worth? Oh, bankruptcy I’d like to buy you things Like you do for me We all have problems These are mine I [ . . . ]

Don’t Send Good Money After Bad

December 7, 2017 Brian V. Lee

Don’t send good money after bad. Have you heard the phrase? It means spending even more money on an investment with the hope of recouping your original investment. Most of our clients feel their credit card purchases to be investments. From [ . . . ]

Bankruptcy Could Help You Keep Your Security Clearance

November 20, 2017 Brian V. Lee

All security clearance levels are subject to periodic reinvestigation. Confidential clearances require renewal every 15 years, Secret requires every 10 years, and Top Secret requires reinvestigation every 5 years. Bankruptcy will definitely affect your initial security clearance review and, in [ . . . ]

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