Telltale Signs It’s Time to File for Bankruptcy

Telltale Signs It's Time to File for Bankruptcy -- LEE LEGAL -- DC VA MD Bankruptcy Lawyer

Living in a state of debt has become the accepted way of life for many. Although bankruptcy has become far more common than it was decades ago, it still intimidates many Americans who are in a situation where filing may be best. You should consider filing bankruptcy when what you owe exceeds what you can […]

Are All of Your Creditors Listed on Your Credit Report?

The credit bureaus have gotten pretty good about instantaneously obtaining and promptly reporting your personal financial information. The credit bureaus are big, savvy, and flush with cash. But are all of the creditors you owe listed on your credit report? Maybe not. These are some of the most common types of bills and creditors that […]

What If I Can’t Pay My Bills Anymore?

What If I Can't Pay My Bills Anymore

Bankruptcy does not help you pay your bills. If you’re going to go right back into new debt after eliminating all of your old debts, bankruptcy might not be right for you. Or it might not be right for you at the moment. Creditors, generally, do not care about your unfortunate circumstances. So it’s smart […]

When to Consider Filing Bankruptcy

In most cases, the very last thing any person wants to do is to consider filing bankruptcy. In many cases, an average person will wait two years longer than he or she should have to file bankruptcy. Don’t rearrange the deck furniture on the Titanic. Instead, realize it may be time to jump ship. You may […]

Do Not Run Up Your Credit Cards Before Bankruptcy

Do Not Run Up Your Credit Cards Before Bankruptcy

Chapter 7 bankruptcy is an excellent option for those who have accumulated large credit card debts. But if you run up your credit cards before bankruptcy, you may be found to have committed a form of bankruptcy fraud. When you file for bankruptcy, credit card companies carefully review all of your most recent purchases. Do […]

Should I Stop Paying My Bills?

Should I Stop Paying My Bills?

I often get asked the question, “If I am filing Chapter 7 bankruptcy, should I stop paying my bills?” The answer is Yes and No. Continue to Pay the Bills You Will Still Have After Bankruptcy First the No. You must continue to pay certain bills. These include your rent or mortgage, auto loans for any […]

Should I File Bankruptcy?

Should I File Bankruptcy?

Bankruptcy is not for everyone, and not a decision to take lightly. Over three quarters of a million Americans will declare bankruptcy in 2017. But how do you know if bankruptcy is right for you? If you find yourself asking, “Should I File Bankruptcy?” then read on. Here are a few questions you should ask […]

The Top Ten Reasons For Bankruptcy

The Top Ten Reasons For Bankruptcy

You have your own story, but so do we all. If you’re considering bankruptcy, you may feel isolated or uniquely afflicted. But you are not alone. In fact, certain recurring circumstances lead people to file bankruptcy. Here are the top ten reasons for bankruptcy. 1. Debt The primary goal of bankruptcy is to eliminate debt. In […]