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What is CBRA and How Might it Affect Your Ability to File Bankruptcy in California?

by Paul Y. Lee | Jan 9, 2021 | Bankruptcy

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...

Don’t Fall for These Common Tricks from Lenders and Creditors

by Paul Y. Lee | Dec 18, 2020 | Bankruptcy

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...

Is it the Right Choice for You? Five Reasons Bankruptcy Works

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

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...

Have You Had a Judgment Entered Against You in a Lawsuit? Learn What it Can Mean for Your Bankruptcy Case

by Paul Y. Lee | Nov 24, 2020 | Bankruptcy

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...

Worst Case Scenario: What Happens if You Cannot Make Your Chapter 13 Payments?

by Paul Y. Lee | Nov 10, 2020 | Bankruptcy

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...

What Does the Upcoming Change to the California Homestead Exemption Mean for Homeowners?

by Paul Y. Lee | Oct 22, 2020 | Bankruptcy

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...

Tips for Repairing Your Credit After a California Bankruptcy

by Paul Y. Lee | Oct 8, 2020 | Bankruptcy

If you are overwhelmed with debt, filing for bankruptcy might be one of the smartest steps you can take toward improving your credit. Once you have gone through that process, there are additional steps you can take to get your credit back to good. Follow these steps...

Do You Have Enough Debt to File for Bankruptcy in California? Learn What You Should Consider

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

It is rare to find a person who actually wants to file for bankruptcy. Instead, people find themselves in difficult financial situations and are willing to do what it takes to move forward in a positive direction. In some cases, that involves filing for bankruptcy....

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...

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