Chapter 7 Means Test Numbers in Washington D.C. Area Increase

Washington D.C. Area Chapter 7 Means Test Numbers Increase Across the Board -- LEE LEGAL -- DC VA MD

Effective November 1, 2018 new Chapter 7 means test numbers take effect. Year-over-year means test numbers for household incomes in the D.C. area increased between 3 percent and 21 percent across the board. When the means test numbers increase, more people qualify for Chapter 7 bankruptcy. What is the Chapter 7 means test? Chapter 7 […]

What is Foreclosure Loss Mitigation?

What is Foreclosure Loss Mitigation - Lee Legal

Foreclosure loss mitigation is the process that mortgage lenders use to work with homebuyers who are behind on their mortgages. You may be able to modify your mortgage, obtain approval of a short sale, or otherwise more efficiently surrender the property to your lender. Loss mitigation in Virginia and Maryland is very different from loss […]

Feds Sue the Nation’s Largest Debt Settlement Company

Feds Sue Nation's Largest Debt Settlement Company

On November 8, 2017, the Consumer Financial Protection Bureau (CFPB) sued the nation’s largest debt settlement company, Freedom Debt Relief, part of the Freedom Financial Network. According to the CFPB, Freedom deceives consumers by charging them without without settling their debts as promised. Freedom instead expects its customers negotiate their own settlements, misleads them about […]

How Long Does Foreclosure Take?

Several factors affect how long it takes to complete a foreclosure in the District of Columbia. You may be living in the property, or you may have it rented. You may need some time to find a new place to live, or to save up for a security deposit. The bank may have paperwork problems […]

Does Foreclosure Hurt Your Security Clearance?

Does-Foreclosure-Hurt-Your-Security-Clearance

Between four and five million Americans have security clearances, but recent data suggest that security-cleared employees are less in demand as they used to be. Still, jobs requiring security clearances continue to command higher compensation and remain very highly sought-after in the Washington, D.C. area. Many factors affect the approval or recertification of a security clearance. […]

Washington DC Foreclosure Notice Requirements

Washington, D.C. is a judicial foreclosure jurisdiction. In judicial proceedings, the defendant must be given specific notices at every step of the foreclosure process. You have rights if you are facing foreclosure in Washington, D.C., but you must act to preserve them. Below I describe each of the Washington DC foreclosure notice requirements in detail. […]

Wiping Out Parking Tickets in Bankruptcy

Wiping Out Parking Tickets in Bankruptcy

You can discharge only very old parking tickets in bankruptcy, after they have been sent to a third-party debt collector. Otherwise, parking tickets pass through the Chapter 7 bankruptcy discharge because they are debts owed to a “governmental unit.” Parking Tickets in Bankruptcy Unfortunately, in most cases parking tickets cannot be discharged in Chapter 7 […]

The DC Area Residents with the Highest Student Loan Debt

Washington D.C. Area Residents with the Highest Student Loan Debt

The latest research from WalletHub compares the average student loan debt to median income of residents in more than 2,500 U.S. cities. The research allows us to see who in the Washington, D.C. area has the highest student loan debt in comparison to income. The following table sorts D.C. area cities based on the ratio […]

Hire an Experienced Bankruptcy Attorney

Hire an Experienced Bankruptcy Attorney

Almost a year ago on December 1, 2015, major changes to the official bankruptcy forms took effect. One of the stated purposes of the changes was to make the forms easier. Unfortunately, the new forms did not accomplish that goal. The official bankruptcy forms are now actually more difficult to complete. Even more changes to […]