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Now that a new President has been sworn in, many people in the bankruptcy industry are wondering what changes will come as a result of President Biden. To determine what is most likely to happen, we are today looking at the Consumer Bankruptcy Reform Act of 2020...
If you are in a bad financial situation, it can feel like any offer from a lender or creditor is just the opportunity you needed. Do not fall for this. If you are truly in over your head, then it might be time to talk to a bankruptcy attorney. Do not allow creditors...
Bankruptcy can be a sensitive topic. There are very few people who actually want to file for bankruptcy but many people who could benefit significantly from doing so. If you are just starting to think about it and are wondering what the bankruptcy process includes, we...
When a person has a judgment entered against them, they often are not clear on what it means and what it could mean. At The Law Offices of Paul Y. Lee, we have people ask us frequently if filing for bankruptcy can get rid of their lawsuit. Keep reading to get the...
After you have filed Chapter 13 bankruptcy, you will need to make monthly payments. As more and more people find themselves in dire financial conditions thanks to COVID-19, you might be one of the people wondering what happens if they cannot make these payments. This...
Homeowners in California have long found the homestead exemption to be much too low for most residents. The purpose of these exemptions is supposed to be protecting family homes from creditors, but the amount of value that it protects is the key to how successful it...