Life can be hard when money runs out. Bills pile up. Credit card debt grows. But there is hope—and help. At Lee Bankruptcy, we help people like you find a fresh start. Here are 5 simple ways to stay on track, even when things feel out of control. 1. Save a Little Each Month Losing  … Read more

Bankruptcy is a legal process designed to help individuals and businesses resolve their debts under the protection of federal bankruptcy courts. When you file for bankruptcy, you’re essentially seeking a fresh start, free from the burden of overwhelming debt. The primary goal of bankruptcy is to grant relief to debtors while ensuring fair treatment of  … Read more

People often view bankruptcy as a last-ditch effort to get out of debt when all other options have failed, but did you know that filing for bankruptcy can actually save you money in the long run? Yes, it is true. Not only does it give you the relief you need from insurmountable debts, but it  … Read more

Dealing with debt is a challenging experience, and it can feel overwhelming when you try to handle it on your own. Bankruptcy is one of the options available to help you get back on track when you find yourself in a situation where you can no longer make payments on your debt. It can offer  … Read more

Debt is not a modern concept. History documents that debt forgiveness programs have been around for as long as the idea of debt itself. For example In Greece, there was a procedure in place for a lender to recover their losses when a borrower defaulted on their payments, which resulted in the temporary enslavement of  … Read more

Those who are new with the bankruptcy process may find it intimidating. The bankruptcy procedure, which is sometimes viewed as the result of poor financial management and carelessness, is actually designed to help residents. The provisions of bankruptcy were created to assist persons who have been subjected to severe financial hardship in regaining their financial  … Read more

A debt discharge in bankruptcy is the legal release of a person from most of the debts they owe. A discharge in bankruptcy is granted to a person who has filed for bankruptcy protection and has been found to be eligible. A discharge in bankruptcy releases a person from all of their unsecured debts. Secured  … Read more

The term bankruptcy encompasses a large number of federal and state laws that apply to debtors with either large or small debts. Bankruptcy laws are designed to provide debt relief to individuals who cannot pay their creditors. Bankruptcy laws provide an orderly process for the liquidation of assets and discharge of debts. There are two  … Read more

Some people say bankruptcy is for cheaters and scammers looking for a quick fix out of a tough situation. This is simply not true. The bankruptcy process was designed to be a tool of assistance for those who find themselves over their head with financial hardship. Further, the majority of people who end up needing  … Read more

Depending on the type of debt you have and the laws in your state, you may only be able to wipe out certain types of debt in bankruptcy. You may also be able to wipe out debt that creditors are unlikely to try to collect on. Chapter  7 Bankruptcy The  effects of Chapter 7 bankruptcy  … Read more