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Is Bankruptcy an Option for an Unemployed Person in California?

by Paul Y. Lee | May 14, 2018 | Bankruptcy

When a person is already in a lot of debt and they lose their job, it can feel as though they’re drowning and there’s nothing that can be done. When people are in this position, they may wonder if bankruptcy is an option for them. The truth is that it may be an option...

How Much Should You Expect to Pay to Creditors in a Chapter 13 Bankruptcy?

by Paul Y. Lee | May 9, 2018 | Bankruptcy

Put simply, Chapter 13 is a type of bankruptcy that requires those who file it to come up with a reorganization plan that will go on for anywhere between three and five years. Under this plan, the debtor comes up with monthly payments to make on their debts. Some of...

Does California Bankruptcy Wipe Out Child Support?

by Paul Y. Lee | Apr 18, 2018 | Bankruptcy

If you file for bankruptcy in California, you could potentially wipe out a variety of debts or reorganize your debt into a payment plan you’ll be able to handle. That said, there are some types of debts that aren’t eligible to be discharged in a bankruptcy. One...

Learn the Pros and Cons of Debt Consolidation in California

by Paul Y. Lee | Apr 9, 2018 | Bankruptcy

If you’re in a lot of debt then it’s likely you’ve considered your options. These may include both debt consolidation and bankruptcy. Debt consolidation is one option that involves getting all your debts – most especially those on which you’re paying high interest –...

You May Be Surprised by the Effect of Chapter 13 Bankruptcy on Your Credit

by Paul Y. Lee | Mar 26, 2018 | Bankruptcy

There are many considerations to take into account when you’re considering filing bankruptcy. One of the most common questions people will ask themselves is whether they should file Chapter 7 or Chapter 13 bankruptcy. One of the factors that will go into that decision...

7 Signs That Bankruptcy is a Good Option for You

by Paul Y. Lee | Mar 12, 2018 | Bankruptcy

If you’re considering filing bankruptcy in the state of California then there’s one step to take right away: Contact The Law Offices of Paul Y. Lee at 951-755-1000. We offer a free bankruptcy consultation so you’ll know right away if this is the right option for you....

When Clearing Medical Debt in California Which is Better: Chapter 7 or Chapter 13?

by Paul Y. Lee | Feb 18, 2018 | Bankruptcy

For individuals and couples, there are two main types of bankruptcy: Chapter 7 and Chapter 13. Both have their advantages and it’s not always clear to consumers which one would be best for their needs. The good news is that all you need to find out is to contact The...

How Did That Happen? Learn How People in California End up with Overwhelming Debt

by Paul Y. Lee | Feb 6, 2018 | Bankruptcy

Bankruptcy is a process that allows people who’ve become buried in debt an option to get out. At The Law Offices of Paul Y. Lee, we’ve worked with many clients who feel guilty or ashamed of their debt. The truth is that there are many reasons people get into too much...

Business Bankruptcy in California: Does the Company Have to Pay their Employees?

by Paul Y. Lee | Jan 22, 2018 | Bankruptcy

If a company declares Chapter 11 bankruptcy, often referred to simply as business bankruptcy, it doesn’t mean they’re going out of business. In fact, the opposite is true. That said, there can be serious impacts on the way the company operates on a daily basis –...

Back Taxes, Bankruptcy, and the IRS: Learn What Your Options Are

by Paul Y. Lee | Jan 9, 2018 | Bankruptcy

Many people who are considering Chapter 13 bankruptcy have questions about what happens to their IRS debt. They wonder if their back taxes can be wiped out via bankruptcy. As you may expect, this isn’t a question with a yes or no answer. Read on to learn more about...

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