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From 2013 to 2016, the number of people declaring bankruptcy in the state of California reduced by almost half. That said, thousands of people still file bankruptcy every year. Do you know the most common situations that lead to bankruptcy filings? Read on to learn...
No company goes into business thinking that they’ll have to file bankruptcy, yet for businesses across the country, it can become the best option. Most people assume that there’s just a single reason companies file: They’re dealing with financial difficulty. The...
Students all over the country are having trouble bearing the weight of their student loans but the probable may be even worse in California. Consider that the average student loan per capita is $4,160. In fact, we are among the top 20 states with the most student loan...
If you’re one of the many people declaring bankruptcy that feels like they’re between a rock and a hard place with their car, then we may have good news for you. While the redemption process isn’t the right choice for every buyer – and in fact, we may recommend...
Can you file Chapter 7 bankruptcy without an attorney? Yes, you can. This is called filing “pro se” and while it’s entirely legal, it is strongly advised against. You may think that The Law Offices of Paul Y. Lee is saying that because we’re in the business of helping...
At The Law Offices of Paul Y. Lee, there are some questions we get over and over, chief among them: How does marriage affect a California marriage? The answer is that one spouse is allowed to file bankruptcy and the other is not legally required to file as well. That...