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Are You Required to Take the Means Test to Declare Bankruptcy in California?

by Paul Y. Lee | Mar 21, 2017 | Bankruptcy

Being in over your head is not enough in and of itself for you to qualify for bankruptcy. Many people must take the Means Test, which is a complicated calculation that the California bankruptcy court uses to ensure that cases aren’t incorrectly filed as Chapter 7. If...

3 Tips for Financial Success After Filing Bankruptcy in California

by Paul Y. Lee | Mar 10, 2017 | Bankruptcy

Once your bankruptcy has been discharged, you’ll have the chance to start fresh. At The Law Offices of Paul Y. Lee, it’s true that we want to help you move forward with your bankruptcy but we also want to help you repair your credit and set yourself up for future...

3 Possible Reasons Your California Bankruptcy Filing Could Be Denied

by Paul Y. Lee | Feb 19, 2017 | Bankruptcy

Many people who are new to the world of bankruptcy court assume that it’s essentially a given that their bankruptcy will be approved. The reality is that it’s very possible that it could be denied. The best way to avoid that issue is to work with a federally approved...

The Eternal Question: Chapter 7 or Chapter 13 Bankruptcy?

by Paul Y. Lee | Feb 8, 2017 | Bankruptcy

If you’ve started the new year out in debt then you’re likely starting to wonder: Is there any way out of this? In California, bankruptcy is likely an option for you. However, that just leads to another tough question: Should you declare Chapter 7 or Chapter 13...

Welcome to Our New Website

by Paul Y. Lee | Jan 30, 2017 | Bankruptcy

Check back soon for more blog posts Welcome to our new website. Everything has been completely revamped and redesigned to serve your needs better. We hope you’ll enjoy exploring this new, user-friendly site. We’ve made an effort to provide comprehensive information...

Can Student Loans Be Included in California Bankruptcy Filings?

by Paul Y. Lee | Jan 23, 2017 | Bankruptcy

Anyone who’s been paying attention the news or the financial sector in the last decade knows that student loans are a constant source of conversation. As the interest rates rise, the job outlook in may sectors begins to look bad, and students are borrowing more and...

Get Expert Advice on Tax Debt from a California Bankruptcy Attorney

by Paul Y. Lee | Jan 10, 2017 | Bankruptcy

If you’ve gotten behind on your debt, then you know this is a serious situation. Take this extreme case as an example: The actor Sinbad once declared Chapter 7 bankruptcy to get out of his $11 million debt and $8 million of that consisted of taxes. It’s likely that...

3 Essential Tips to Follow After Declaring Bankruptcy

by Paul Y. Lee | Dec 19, 2016 | Bankruptcy

If you’re still at the point where you’re just considering bankruptcy, then it may seem difficult to imagine what life after bankruptcy would be like. However, the truth is that you will bounce back from it. At The Law Offices of Paul Y. Lee, we want to help you...

Chapter 7 or Chapter 13? Read 4 Examples for a Better Understanding

by Paul Y. Lee | Dec 8, 2016 | Bankruptcy

For many people, one of the hardest parts about declaring bankruptcy is deciding between Chapter 7 and Chapter 13. Even when you understand the difference between the two, it can be challenging to figure out which one works best for your unique situation. Read on to...

Payday Loans Vs Bankruptcy: Which is the Better Option?

by Paul Y. Lee | Nov 24, 2016 | Bankruptcy

If you’ve fallen behind on your bills and aren’t sure how you’re ever going to catch up, then you’re likely considering any solution that could result in relief from the difficult financial situation you’re living in. If you’re like many California residents in this...

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