Paul Y. Lee, Author at The Law Offices of Paul Y. Lee

Do Business Owners Automatically Lose Their Business Assets if They File for Personal Bankruptcy?

by Paul Y. Lee | Sep 9, 2020 | Bankruptcy

In certain circumstances, if a business owner in California files for bankruptcy, they could end up losing business assets. It all depends on which type of bankruptcy they file, the structure of their business, and the value of their business assets. When you work...

Learn Why You Should Not Trust Most Get Out of Debt Advice

by Paul Y. Lee | Aug 25, 2020 | Bankruptcy

When a person is facing a seemingly insurmountable amount of debt, it is understandable that they are willing to take any advice if it seems as though it could help them. The bad news is that advice that is supposed to help can actually make the situation worse. Keep...

Four Reasons to Never Use Your 401(k) to Pay Down Your Personal Debts

by Paul Y. Lee | Aug 12, 2020 | Bankruptcy

If you are facing debt and you have money in a 401(k), it might seem to make perfect sense to use money from your retirement account to pay down your debts. Unfortunately, this is almost never a good idea. Keep reading to learn four reasons we do not recommend this....

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

by Paul Y. Lee | Jul 21, 2020 | Bankruptcy

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...

Three Simple Steps to Get Out of Debt without Filing for Bankruptcy

by Paul Y. Lee | Jul 9, 2020 | Bankruptcy

Few people actually want to file for bankruptcy. What they want is to get out from under debt and breathe easily again. The good news is that it is actually rather simple to get out of debt without filing for bankruptcy. The bad news is that just because it is simple,...

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Welcome to The Law Offices of Paul Y. Lee

Do Business Owners Automatically Lose Their Business Assets if They File for Personal Bankruptcy?

Learn Why You Should Not Trust Most Get Out of Debt Advice

Four Reasons to Never Use Your 401(k) to Pay Down Your Personal Debts

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

Three Simple Steps to Get Out of Debt without Filing for Bankruptcy

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Types of Bankruptcy

Recent Posts

Welcome to The Law Offices of Paul Y. Lee

Do Business Owners Automatically Lose Their Business Assets if They File for Personal Bankruptcy?

Learn Why You Should Not Trust Most Get Out of Debt Advice

Four Reasons to Never Use Your 401(k) to Pay Down Your Personal Debts

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

Three Simple Steps to Get Out of Debt without Filing for Bankruptcy

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Types of Bankruptcy

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