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.

Living in Washington DC is Expensive

February 12, 2020 Brian V. Lee

In 2019, for the first time ever, the number of personal income tax filers in Washington DC who reported earning $100,001 or more topped any other income group. As reported by the Washington Business Journal, the District of Columbia had [ . . . ]

Structural Changes in the Washington Region Economy

January 30, 2016 Brian V. Lee

The Roadmap for the Washington Region’s Future Economy is a fascinating new report by Stephen Fuller, head of the Center for Regional Analysis at George Mason University. Below are some takeaways from the report, which highlights several structural changes in [ . . . ]