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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...

Medical Debt and the Statute of Limitations: Should You Declare Bankruptcy?

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

When you have a mountain of medical debt, it can feel as though there’s no way out of it. However, there is something known as the statute of limitations that disallows a creditor to sue you for certain types of debt, including medical bills. Read on to learn more...

The 3 Categories of Debt Reorganization in a Chapter 7 Bankruptcy

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

If you’ve been dealing with significant debt and are ready to move on, then you may want to file bankruptcy in California. While this isn’t the right solution for everyone, for some it can be a lifesaver. Learn more about how debt is reorganized in a Chapter 7...

Same-Sex Marriage, Domestic Partnership, and California Bankruptcy Law

by Paul Y. Lee | Nov 20, 2017 | Bankruptcy

Bankruptcy law can be confusing for everyone but when a couple is living in a gray legal area, it can become even more complicated. This may the best case for same-sex couples who may be married or living as domestic partners. Read on to see how California law applies...

Learn What Happens to Stocks if You Declare Business Bankruptcy

by Paul Y. Lee | Nov 6, 2017 | Bankruptcy

If you own a business and are thinking about filing for bankruptcy, you should know that you’re not alone. In fact, dozens of companies in every district of California file for business bankruptcy each year. In some cases, it’s a good idea and in other instances there...

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