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Filing for Bankruptcy Due to Medical Debt: Learn How the Statute of Limitations Should Be Part of Your Decision-Making Process

by Paul Y. Lee | May 17, 2023 | Bankruptcy

Dealing with medical debt can be an overwhelming and stressful experience for many individuals and families. Medical expenses can quickly pile up, leading to financial strain and the need to explore viable solutions. One potential option to consider is bankruptcy....

Get the Facts About the Top Reasons Companies Choose to File Bankruptcy in California

by Paul Y. Lee | May 3, 2023 | Bankruptcy

Facing financial distress is a challenging reality for many businesses. When a company finds itself overwhelmed by mounting debts and struggling to regain stability, bankruptcy may be a viable option. Business bankruptcy provides an opportunity for companies to...

These Are the Five Things You Must Do if You Want to Keep Your Home in a Bankruptcy

by Paul Y. Lee | Apr 26, 2023 | Bankruptcy

Because they wish to keep their house, some people choose Chapter 13 bankruptcy versus Chapter 7 bankruptcy. Maintaining your house is not a guarantee, though. Continue reading to learn the five steps you need to take to keep your house. Call 951-755-1000 to schedule...

Privacy Concerns: Who Will Know if You File for Bankruptcy in California?

by Paul Y. Lee | Apr 12, 2023 | Bankruptcy

Many clients of The Law Offices of Paul Y. Lee have expressed concern about filing for bankruptcy. They fear that filing will be too expensive, that it would prevent them from gaining jobs, or that they are unsure of the short- and long-term effects. In fact, “If I...

The California Homestead Exemption Could Be Key to Helping You Keep Your Home

by Paul Y. Lee | Mar 16, 2023 | Bankruptcy

If creditors are attempting to seize your home’s equity in order to recoup debts, a California homestead exemption may be able to help. During your free examination, it will be thoroughly explained whether or not you’re eligible and which of the several...

Learn Some of the Many Reasons That Debt Settlement Does Not Always Offer the Long-Term Results You Need

by Paul Y. Lee | Mar 9, 2023 | Bankruptcy

It’s possible that you have seen advertisements, billboards, commercials, etc. advertising debt settlement companies. They guarantee that they can make it easy and quick for you to pay off your debt. They assert that they are a superior choice to bankruptcy. Is...

An Automatic Stay Can Stop Creditors from Calling You – But There Are Limits to What it Can Do

by Paul Y. Lee | Feb 17, 2023 | Bankruptcy

The main advantage of declaring bankruptcy is debt relief, but there are some additional advantages as well. One of the most significant is the automatic stay, which functions as a temporary injunction to stop all legal measures taken against you during the...

Are You Planning to Borrow Money from Family to Avoid Filing for Bankruptcy? Learn Why This Might Backfire

by Paul Y. Lee | Feb 9, 2023 | Bankruptcy

Borrowing money from friends and relatives may seem like a tempting choice if you are having financial difficulties to the point that you are unable to make your payments. Even if someone may be ready to assist you, taking out a loan might not be the best course of...

Are You Thinking of Filing Chapter 7 Bankruptcy without the Help of an Attorney? Learn the Risks You Are Taking

by Paul Y. Lee | Jan 25, 2023 | Bankruptcy

Can you declare bankruptcy under Chapter 7 without a lawyer? You can, indeed. While it is perfectly lawful to file “pro se,” which is what this is, it is strongly discouraged. Although you would assume The Law Offices of Paul Y. Lee is making this...

Make Sure You Know Your Rights if Your Home is Being Foreclosed Upon in California

by Paul Y. Lee | Jan 18, 2023 | Bankruptcy

You could hear the phrase “in foreclosure” used to describe the process. The truth is that foreclosure is a process, not a place. Before the property is sold in a foreclosure auction, there are significant legal changes. Just a warm-up is done before that....

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