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Exploring Your Options: How Often Can You File for Chapter 7 Bankruptcy?

by Paul Y. Lee | Aug 20, 2024 | Bankruptcy

For those facing significant financial challenges, Chapter 7 bankruptcy offers a way to reset by liquidating non-exempt assets to pay off debts. But what happens if you find yourself in financial trouble again after previously filing for Chapter 7? How many times can...

How Bankruptcy Can Preserve Your Retirement

by Paul Y. Lee | Aug 7, 2024 | Bankruptcy

Aging in the United States presents unique financial challenges. Approximately 26% of Americans aged 65-74 are still working, along with 7.3% of those 75 and older. By 2030, the number of seniors 75 and older in the workforce is expected to nearly double. While some...

The Hidden Costs of Delaying Bankruptcy: A Financial Wake-Up Call

by Paul Y. Lee | Jul 18, 2024 | Bankruptcy

“How much will it cost to file bankruptcy?” is a common question for those struggling with debt. While it’s understandable to be concerned about the costs associated with filing bankruptcy, it’s important to also consider the potentially much larger costs of not...

Privacy Concerns in Bankruptcy: What You Need to Know

by Paul Y. Lee | Jul 11, 2024 | Bankruptcy

Bankruptcy filings are a matter of public record, but this doesn’t mean everyone will know about your case. It only means that when you file for bankruptcy, the information becomes accessible to anyone who wishes to view it and tries to do so. When considering...

Are You Being Harassed by Debt Collectors? A California Bankruptcy Attorney Can Help

by Paul Y. Lee | Jun 25, 2024 | Bankruptcy

Dealing with debt collector harassment can be incredibly stressful. However, there are ways to protect yourself and put an end to these aggressive tactics. Hiring a bankruptcy attorney is one of the most effective strategies to stop debt collector harassment...

Debunking Common Bankruptcy Myths: What You Need to Know

by Paul Y. Lee | Jun 11, 2024 | Bankruptcy

Bankruptcy can be a life-changing process that offers relief to many individuals struggling with debt. Unfortunately, there are numerous myths and misconceptions surrounding bankruptcy that may prevent people from seeking the help they need. Here are five common...

Growing Household Debt and Delinquencies: What You Need to Know

by Paul Y. Lee | May 23, 2024 | Bankruptcy

If you feel like your debt balances are continuously increasing or you’re struggling to keep up with payments, you’re not alone. In the third quarter of 2023, total U.S. credit card debt exceeded $1 trillion for the first time and continued to rise in the...

Protecting Your Personal Assets from Business Debt: What You Need to Know

by Paul Y. Lee | May 14, 2024 | Bankruptcy

If you own a business facing financial difficulties, you might be concerned about how this could impact your personal assets. The answer is that your personal assets could indeed be at risk. However, there are steps you can take to protect yourself. Read on to learn...

Resetting Your Financial Outlook: The Impact of Bankruptcy on Credit Reports

by Paul Y. Lee | Apr 22, 2024 | Bankruptcy

Filing for bankruptcy is a decision that many hesitate to make, largely due to misconceptions about its long-term impact on credit scores. Understanding the actual duration that a bankruptcy stays on your credit report can help in making an informed choice. If...

Exploring Adversary Proceedings in Bankruptcy: A Detailed Overview

by Paul Y. Lee | Apr 10, 2024 | Bankruptcy

Filing for bankruptcy is typically a straightforward process for most, but certain complexities such as adversary proceedings can arise, necessitating a deeper understanding of their nature and implications. This blog will delve into what adversary proceedings entail...

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