Welcome to The Law Offices of Paul Y. Lee

You are not alone in the bankruptcy process. Let us serve as your guide, helping you secure maximum debt relief through whichever type of bankruptcy is best suited to your specific case. Contact us today to get started.

The Best Time to File for Bankruptcy is Likely Earlier Than You Think

It is hard for most California debtors to know when they should file for bankruptcy. We often see people wait until they are truly penniless before filing. In fact, some people actually believe that they cannot file for bankruptcy until they have spent all their savings. This is false. Keep reading to learn why filing sooner rather than later can benefit you more than you likely realize.

There is No Point in Making Further Payments if You Know You Are Likely Heading for Bankruptcy

The truth is rather simple: If you believe that you are likely to be facing bankruptcy in the near future, there is no reason to keep making payments. Why spend every cent you have to pay debts you will never be able to repay? Bankruptcy exemptions allow you to keep assets necessary to start fresh. The type of exemptions you are eligible for will depend on the type of bankruptcy you file.

You Can Keep Everything You Own if You File Chapter 13

There are a few bankruptcy options, including Chapter 13. If you choose this option, you can keep everything you own. You do not have to be insolvent to file, you just need to be willing to follow the rules as set out by the bankruptcy court. The main point of those rules is that you must be willing to make full financial disclosure.

When is it Time to Consider Talking to a Bankruptcy Lawyer?

The short answer? Right now. If you are thinking about it then it is likely time to talk to a professional to find out what your options are. Your consultation is free and it is worth getting the opinion of a bankruptcy expert to find out if now is the time you should file.

It is common that we wish a client had come to us before they borrowed against their retirement accounts to pay off their credit cards, borrowed from one credit card to pay another credit card, or took out home loans that make it difficult to keep their home. If you have enough debt that you do not think you can repay it within three to five years, or when your debt becomes an issue within your relationships or takes a toll on your health, it is time to call for help.

You might be surprised by just how easy the process is. There is no risk in simply talking to us and finding out how you could benefit from filing for bankruptcy. Contact The Law Offices of Paul Y. Lee at 888-748-0025 to request a free bankruptcy consultation.