Blog

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,...

Seven Benefits of Hiring a California Bankruptcy Attorney to Help You Through the Process

by Paul Y. Lee | Jun 20, 2020 | Bankruptcy

If you are considering filing for bankruptcy, one of the first decisions you might make is whether to do it yourself or hire a bankruptcy attorney. The truth is simple: you will enjoy many benefits if you work with an attorney. Keep reading to learn about seven of...

Which of These Five Bankruptcy Inaccuracies Do You Believe?

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

The fact about bankruptcy is that it can help many people. It can change lives for the better. Yet many people continue to believe inaccurate information about the process. Keep reading to find out five common inaccurate myths about bankruptcy and then contact The Law...

Learn How You Might Be Eligible to Be Excused from the Mean’s Test in California

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

One of the things that prevents people from even considering bankruptcy as the solution to their financial issues is the idea that they will be subjected to a Mean’s test. The good news is that, in certain situations, debtors are not required to take part in one. Keep...

Could You Lose Personal Assets Due to Business Debt? The Answer May Surprise You

by Paul Y. Lee | May 14, 2020 | Bankruptcy

If you own a business that is experiencing financial hardship, you may wonder: Could this affect my own personal assets? The answer is yes. However, there are steps that can be taken to avoid this. Keep reading to learn how your business debt could affect your...

Learn Which Bills to Pay First When You Have Limited Income

by Paul Y. Lee | Apr 27, 2020 | Bankruptcy

There are many people throughout California and the United States who are dealing with a significantly reduced and limited income. If you are one of them, you may wonder: What bills should I pay first? If you cannot pay them all, keep reading to learn the order in...

Debt and Divorce: Which of Your Spouse’s Debts Are You Legally Required to Pay?

by Paul Y. Lee | Apr 13, 2020 | Bankruptcy

There are many frustrating, confusing, and difficult aspects of divorce. Determining who is responsible for paying off debt is one of them. In California, we are a community property state. That means that, for the most part, any debt incurred during the marriage...

What to Do if You Can’t Pay Your Car Payment During the COVID-19 Pandemic

by Paul Y. Lee | Mar 20, 2020 | Bankruptcy

You would be hard-pressed to find anyone who is not affected by what is happening with COVID-19 right how. At The Law Offices of Paul Y. Lee we know that people who were already having a hard time paying their bills may be feeling a real pinch now that their work is...

Welcome to The Law Offices of Paul Y. Lee