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If you have too much income or too many assets to file for a Chapter 7 bankruptcy, then consider Chapter 13 instead. Rather than struggling to keep your head above water, contact Lee Legal to get your finances back on track with a Chapter 13 bankruptcy. Get Your Finances Back on Track with a Chapter…

Unresolved debts can take an enormous toll on your overall quality of life. If you feel anxious every time your telephone rings or get a knot in your stomach when retrieving your mail, you may gain peace of mind by seeking bankruptcy protection. In fact, your best debt defense may be bankruptcy. The two main…

Bankruptcy is not like drinking a cold milkshake. It’s not like lying on the beach, soaking up the sun. Or having a drink at the club with your friends. Bankruptcy isn’t for everyone or for every situation. And bankruptcy isn’t fun — it’s a very serious decision. Bankruptcy is the cure that ails you. Bankruptcy…

Are you now facing an old apartment lawsuit for a broken lease? Have you moved out of an apartment and still owe rent? There are lots of reasons to move out of an apartment without paying all of the rent that was contractually due: unsafe or unsanitary conditions, call to military service, realizing you’re living…

You may have heard the myth repeated so many times that it takes on the air of authority. “Bankruptcy is a last resort.” Well, it’s just not true. Sure, you could struggle. You could drain fully protected retirement or savings accounts. Or you could stretch your monthly budget to its breaking point, just to make…

Once you file Chapter 7 bankruptcy, you will be flooded with new credit card offers. It may seem counter-intuitive, but you should get a credit card after bankruptcy. Credit card companies are not doing you a favor. Once you receive a bankruptcy discharge, you actually become an excellent credit risk. After all, you have zero…

An excellent new study by the Federal Reserve Bank of New York examines the effects on households resulting from the 2005 change in bankruptcy laws. The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was signed into law by President George W. Bush. One of the surprising conclusions from the report is that bankruptcy can…

In August 2014, the New York Times published a fascinating article by Jake Halpern entitled Paper Boys: Inside the Dark, Lucrative World of Consumer Debt Collection. The article follows the intertwining tales of Aaron Siegel and Brandon Wilson, two men who invest in “distressed consumer debt.” These guys buy up the right to collect unpaid credit-card…

When attempting to settle a debt or otherwise negotiate with a creditor, the bankruptcy threat is a potent weapon. The credible threat of bankruptcy from your attorney can induce a creditor to reconsider his position during negotiations. Creditors More Willing to Negotiate If You Are Willing to File Bankruptcy Suppose you want to settle a debt for less than is owed. Do you…

You finished your bankruptcy and got rid of your debts. Now you may be asking yourself: How long after bankruptcy until I can buy a home? The chapter of bankruptcy matters It may not surprise you, but lenders view Chapter 7 and Chapter 13 bankruptcies very differently. Chapter 7 is the quick and easy process…