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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...
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....
It is feasible to file for bankruptcy without legal counsel, and some people may advise you to do so if your situation is “simple” enough. The only issue is: how can you know if your bankruptcy is straightforward? You can’t, at least not without any...
People who are currently drowning in debt may find that declaring bankruptcy is a very helpful financial planning tool. Bankruptcy gives you the financial breathing room you need by enabling you to get rid of (Chapter 7) or restructure (Chapter 13) your debts. A...
This is a question that is frequently asked at The Law Offices of Paul Y. Lee. The short answer is that yes, an “automatic stay” is enacted when you file for bankruptcy. It safeguards all you own and prevents creditors from pursuing you for payment. This...