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What is a Bankruptcy Adversary Proceeding?

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

If your bankruptcy is challenged in an adversary proceeding, you will definitely want an experienced bankruptcy attorney on your side. The majority of personal bankruptcy cases are relatively straightforward matters. This is especially true of Chapter 7 bankruptcies,...

Proposed Bill to Make California Bankruptcy Law Fairer for Homeowners

by Paul Y. Lee | May 23, 2016 | Bankruptcy

SB 308 would help put homeowners in a better position following bankruptcy It’s no secret that many Californians have taken a big hit since the Great Recession. But for Baby Boomers, the timing has been especially bad. For them, the Great Recession came just when they...

Does Your Store Credit Card Contract Contain a Nasty Surprise?

by Paul Y. Lee | May 9, 2016 | Bankruptcy

Some contracts contain a clause that could affect how credit card debt gets treated in bankruptcy Have you ever read a credit card contract in full? Most people haven’t, even though we all know that we really should read all the fine print before signing a legal...

3 Questions to Ask Yourself Before Filing for Bankruptcy

by Paul Y. Lee | Apr 20, 2016 | Bankruptcy

Considering bankruptcy? Asking yourself these 3 questions will help you decide how to proceed. Are you struggling with debts that seem to just keep growing and growing no matter how hard you try to pay them off? It may be time to consider bankruptcy. As you make your...

Should You Include Student Loans in Your Bankruptcy Petition?

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

You have nothing to lose by at least investigating the possibility of getting your student loans discharged in bankruptcy. Student loan debt is a crippling burden for many individuals, including both students and older people who may have co-signed loans for young...

5 Reasons Why Hiring a Bankruptcy Attorney Is a Good Investment

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

Hiring a bankruptcy attorney can save you from costly mistakes and delays. Technically, it is possible for an individual to file a bankruptcy petition without the help of an attorney. But why would you want to? The small amount you would save by not hiring an attorney...

Four Mistakes That Could Get You Accused of Bankruptcy Fraud

by Paul Y. Lee | Mar 7, 2016 | Bankruptcy

Hire a bankruptcy attorney to help you avoid mistakes on your petition If you are considering filing for bankruptcy, it can be really tempting to try to do your paperwork yourself. After all, when you’re badly burdened by debt the last thing you want is to take on an...

50 Cent Complains Bankruptcy Repayment Plan Is Indentured Servitude

by Paul Y. Lee | Feb 17, 2016 | Bankruptcy

Rapper’s proposed repayment plan is unusual and should not scare you off from considering bankrupcty 50 Cent’s finances are making headlines again after the rapper, aka Curtis Jackson, tried to equate his proposed bankruptcy repayment plan with “indentured servitude.”...

Should You Borrow from Friends and Family to Avoid Bankruptcy?

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

Important information to consider before letting a friend or family member give you a loan If you are struggling with your finances to the point where you simply can’t pay your bills, borrowing from friends and family may seem like an appealing option. However, even...

Bankruptcy Classes: They’re Not As Bad As You Think

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

Learn about the two simple courses you must complete as part of your bankruptcy If you are facing overwhelming debts, personal bankruptcy could very well be the path out for you. Unfortunately, sometimes people are reluctant to try bankruptcy because it seems too...

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