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Your Best Debt Defense May Be Bankruptcy
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 types of bankruptcy
Serving the entire Washington, D.C. metro area, an experienced bankruptcy lawyer at Lee Legal is ready to answer any questions you may have about bankruptcy protection and debt resolution through one of the two primary chapters:
- Chapter 7 Bankruptcy
This is available for certain individuals who meet specific income and debt requirements. This method of debt defense involves liquidation, which means any unexempted assets can be sold in order to repay all or a portion of existing balances. The temporary elimination of assets is offset by the clean slate you have at the end of your case. Most people who file Chapter 7 do not lose any of their property. - Chapter 13 Bankruptcy
This option reorganizes debt in a way that allows you to repay balances over three to five years. This chapter, like Chapter 7, will put an end to harassing phone calls and letters. It also stops negative marks on your credit report while you are repaying your loans.
See if bankruptcy fits your needs
Every situation is different. Clients from Washington, D.C., Maryland, and Virginia seeking bankruptcy protection should contact an attorney for advice. Bankruptcy in the D.C. area can be a complex process. To explore your options for debt relief with or without bankruptcy, call Lee Legal at (202) 448-5136 today or complete the inquiry form at our website. While your best debt defense may be bankruptcy, you may have other options, as well.
They Called. They're Glad They Did.
Brian Lee from Lee Legal was an amazing attorney to work with. He took his time, reviewed my documents and we discussed my situation thoroughly. He explained the process and my options as well as gave his recommendation. Not only did he assist, but he ensured that I knew this...
I was very nervous and scared about going through this process. But Brian was very knowledgeable and helped me through it. I was notified about any and all updates to my case and he was very responsive when I had questions regarding any concerns I had. Although a bit nerve...
Brian provided me with a very detailed analysis about my potential case after our first consultation. He promptly responded to all my complex questions, especially navigating student loans and some tax discussions. He is very professional and experienced at what he does, I would...
I've had the pleasure of working alongside Brian V. Lee for several years, and I can say without hesitation that he is one of the most knowledgeable bankruptcy attorneys in the DMV area. Brian's command of Chapter 7, 11, and 13 practice is exceptional, and his clients in the DC...
Brian has the amazing talent of taking complicated legal matters and distilling them down to seamless, frictionless resolutions. He is a phenomenal problem solver and a trusted advisor.
Brian is both warm and professional. He helped me navigate a financial issue that I had not been looking forward to working on and he made the entire experience non-stressful, receiving a lot of anxiety I had around the matter. He is straight forward and a fantastic problem...
I had the opportunity to work with Brian at a time when I was challenged by a professional setback and forced with the challenge of making some very difficult legal decisions. Additionally, I worked with him again as I was dealing with some financial issues pertaining to my...
Still several years from Public Service Student Loan Forgiveness and saddled with significant student loan payments in proportion to my income, I came to Lee Legal to explore the bankruptcy path. Through his counsel, Brian took the fear out of the process and helped me to...
