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Who Will Know if You Declare Personal Bankruptcy?

by Paul Y. Lee | Nov 12, 2016 | Bankruptcy

At The Law Offices of Paul Y. Lee, we’ve worked with a lot of people who worry about declaring bankruptcy. They aren’t sure what the short-term and long-term results will be, they’re afraid it costs too much to file, or they worry that it’ll keep them from getting...

5 Common Mistakes Homeowners Make When Applying for an MHA HAMP

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

The Making Home Affordable Act passed in 2009 and the Home Affordable Modification Program, otherwise known as HAMP, has been full of problems since then. While this option is meant to help prevent foreclosure, in many cases it may just be easier and more cost...

There is No Perfect Solution to Crippling Debt

by Paul Y. Lee | Oct 12, 2016 | Bankruptcy

If you’re dealing with a ton of debt then you’re likely looking for the perfect way to handle it. At The Law Offices of Paul Y. Lee, we can help you find a solution but it’s important to understand: There is no perfect solution. There are a lot of options and there is...

The Ins and Outs of Chapter 7 Bankruptcy

by Paul Y. Lee | Sep 30, 2016 | Bankruptcy

Are you considering filing for bankruptcy? If so, you probably have a lot of questions. At The Law Offices of Paul Y. Lee we work with individuals all the time who know that something needs to change if they’re going to move forward but they’re not sure if bankruptcy...

Can Declaring Bankruptcy Stop Your Vehicle from Being Repossessed?

by Paul Y. Lee | Sep 15, 2016 | Bankruptcy

At The Law Offices of Paul Y. Lee we get this question all the time. The short answer is that yes, when you declare bankruptcy what’s known as an “automatic stay” goes into effect. It protects everything you own and puts a stop to collection by creditors. This...

You Need a Bankruptcy Plan and We Can Help

by Paul Y. Lee | Aug 31, 2016 | Bankruptcy

Pre-Filing Planning Bankruptcy can change your life. This is an important decision that should be carefully considered before you move forward. If you’re in a position that you’re facing immediate foreclosure or a repossession, then you should contact The Law Offices...

Can Just One Spouse Declare Bankruptcy in California? The Answer May Surprise You

by Paul Y. Lee | Aug 15, 2016 | Bankruptcy

As you may or may not know, California is a Community Property state. As a result, people often assume that if one spouse files bankruptcy that they both must declare bankruptcy. While this is true in some cases, it’s not true in every case. Situations in which just...

Do You Believe These Common Myths About Bankruptcy in California?

by Paul Y. Lee | Jul 30, 2016 | Bankruptcy

It’s true that bankruptcy laws have changed in the last decade. It’s understandable that the average person hasn’t kept up on these changes but it’s important to know the truth. If you’re considering bankruptcy in California then you’ll want to read these common myths...

Could the California Homestead Exemption Help You Keep Your Home in a Bankruptcy?

by Paul Y. Lee | Jul 15, 2016 | Bankruptcy

A California Homestead Exemption could help protect the equity you’ve earned in your home from creditors who are trying to collect debts. Whether or not you’re eligible, and which of the various homestead options would work best for you, will be discussed in detail...

What Happens if You Miss a Payment During Chapter 13 Bankruptcy?

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

Learn about the consequences of missing a Chapter 13 payment and how to avoid them. Chapter 13 bankruptcy is a common form of personal bankruptcy that allows you to consolidate your debts into one reduced monthly payment for a period of 3 to 5 years. At the end of...

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