How Long Does Bankruptcy Take?

How Long Does Bankruptcy Take -- LEE LEGAL -- DC VA MD

How long does bankruptcy take? That depends on whether you file a Chapter 7, Chapter 13, or Chapter 11. Chapter 7 bankruptcy How long your Chapter 7 bankruptcy will take depends upon whether you have assets to distribute. Most Chapter 7 cases are completed quite quickly. But if you have unexempt assets, your Chapter 7 […]

The Power and Complexity of the New Chapter 13 Bankruptcy Plans

New Chapter 13 bankruptcy Plans took effect nationwide on December 1, 2017. Trustees, creditors and debtors alike are grappling with the new Plans, which are the result of extensive revision by nationally-recognized leaders in bankruptcy practice. What is a Chapter 13 Plan? When you file a Chapter 13 bankruptcy, you are doing so for one […]

Where do I mail my Chapter 13 Plan payment in DC, MD and VA?

Where do I mail my Chapter 13 Plan payment in DC, MD and VA?

Once your Chapter 13 bankruptcy has been filed, you will make your Chapter 13 Plan payments directly to the trustee for several months. Your first Plan payment must be made no later than 30 days from the date that your case is filed. Once your Plan has been confirmed, usually three to five months later, […]

Can the Bankruptcy Trustee Take My Tax Refund?

Can the Bankruptcy Trustee Take My Tax Refund -- Lee Legal DC VA MD

Your income tax refund is basically an interest-free loan to the government. If you have paid more in taxes than you owe, then the government must repay you for your overpayment. Especially around this time of year, clients ask me the the same question. Can the Bankruptcy Trustee Take My Tax Refund? The short answer […]

Bankruptcy Conversion from Chapter 13 to Chapter 7

Bankruptcy Conversion from Chapter 13 to Chapter 7 -- LEE LEGAL -- DC VA MD Bankruptcy Lawyer

If you qualify for Chapter 7 bankruptcy, then you are legally entitled to a bankruptcy discharge of all eligible debts. On the other hand, in Chapter 13 bankruptcy, you propose to repay some pre-arranged portion of your debt. Under certain circumstances, conversion from Chapter 13 to Chapter 7 is appropriate. Conversion from Chapter 13 to […]

Can I Buy a Car While in Chapter 13 Bankruptcy?

Can I Buy a Car While in Chapter 13 Bankruptcy

You are in Chapter 13 bankruptcy and you need some wheels. It is possible to purchase a car while in an active Chapter 13 case, but you will need to go through a few extra steps than the average car buyer. Considering that Chapter 13 bankruptcy last three to five years, you may wonder: Can I […]