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.

What is a 341 Hearing?

November 5, 2013 Brian V. Lee

What is a 341 hearing? Well, that’s a savvy question. The 341 hearing is otherwise known as the Meeting of Creditors. The Bankruptcy Code requires debtors to attend a Meeting of Creditors shortly after a bankruptcy filing. The bankruptcy trustee [ . . . ]

File a Chapter 7 Bankruptcy: A Step-by-Step Guide

July 26, 2010 Brian V. Lee

You may be aware that bankruptcy involves a complex set of laws and procedures specific to each individual jurisdiction. Filing for bankruptcy may seem daunting at first. If you are considering filing Chapter 7 bankruptcy in DC, Maryland or Virginia, [ . . . ]

A Short Glossary of Bankruptcy Terms

May 19, 2010 Brian V. Lee

Here is a short glossary of essential bankruptcy terms. Many definitions are not included. Do not attempt to manipulate concepts you do not fully understand. Call an attorney if you have a legal problem. Bankruptcy terms: A – C Adversary [ . . . ]

The Meeting of Creditors: Who Will Show Up?

May 7, 2010 Brian V. Lee

About a month after you file for Chapter 7 or Chapter 13 bankruptcy, you will need to go to the Meeting of Creditors. Your attendance at this meeting is mandatory. But who else will show up? The Meeting of Creditors [ . . . ]

16 Most Frequently Asked Questions About Bankruptcy

August 4, 2009 Brian V. Lee

There are no stupid questions. You probably have very reasonable questions about how filing bankruptcy will affect you personally. Over the years, I have answered many recurring questions. Here are the 16 most frequently asked questions about bankruptcy. If I [ . . . ]