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Does Chapter 13 Bankruptcy Cover IRS Taxes in California?

by Paul Y. Lee | Oct 24, 2017 | Bankruptcy

When most people think of high consumer debt, they think of credit cards or medical bills. While these are common culprits of insurmountable debt, many people in California also struggle with IRS taxes. These payments can get truly overwhelming. The good news is that...

Not Sure if Bankruptcy is Right for You? Ask Yourself These 3 Questions

by Paul Y. Lee | Oct 13, 2017 | Bankruptcy

Making the final decision about whether or not bankruptcy is right for you is a difficult one. In some cases, it can be a huge relief. In other cases, it may not. No matter what your situation is, you can count on The Law Offices of Paul Y. Lee to offer you honest,...

Can You Guess the 5 Most Common Reasons People Declare Bankruptcy?

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

From 2013 to 2016, the number of people declaring bankruptcy in the state of California reduced by almost half. That said, thousands of people still file bankruptcy every year. Do you know the most common situations that lead to bankruptcy filings? Read on to learn...

Business Bankruptcy and the Top Reasons Companies Choose to File

by Paul Y. Lee | Sep 9, 2017 | Bankruptcy

No company goes into business thinking that they’ll have to file bankruptcy, yet for businesses across the country, it can become the best option. Most people assume that there’s just a single reason companies file: They’re dealing with financial difficulty. The...

Can a Bankruptcy Alleviate Your Student Loan Burden in California?

by Paul Y. Lee | Aug 22, 2017 | Bankruptcy

Students all over the country are having trouble bearing the weight of their student loans but the probable may be even worse in California. Consider that the average student loan per capita is $4,160. In fact, we are among the top 20 states with the most student loan...

The Redemption Process Could Help You Keep Your Car After a Bankruptcy

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

If you’re one of the many people declaring bankruptcy that feels like they’re between a rock and a hard place with their car, then we may have good news for you. While the redemption process isn’t the right choice for every buyer – and in fact, we may recommend...

5 Risks You Take on Filing Chapter 7 Bankruptcy Without an Attorney

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

Can you file Chapter 7 bankruptcy without an attorney? Yes, you can. This is called filing “pro se” and while it’s entirely legal, it is strongly advised against. You may think that The Law Offices of Paul Y. Lee is saying that because we’re in the business of helping...

How Does Marriage Affect a California Bankruptcy?

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

At The Law Offices of Paul Y. Lee, there are some questions we get over and over, chief among them: How does marriage affect a California marriage? The answer is that one spouse is allowed to file bankruptcy and the other is not legally required to file as well. That...

Lien Stripping: Can This Common Bankruptcy Practice Help You With Your Mortgage?

by Paul Y. Lee | Jun 24, 2017 | Bankruptcy

Do you owe more on your mortgage than your home is worth? If so, a bankruptcy attorney may be exactly what you need. When you work with The Law Offices of Paul Y. Lee, we can help with a wide array of debt issues, including underwater mortgages. Read on to learn more...

Answers to Frequently Asked Questions About Chapter 13 Bankruptcy

by Paul Y. Lee | Jun 12, 2017 | Bankruptcy

If you’ve been considering Chapter 13 bankruptcy then it’s likely you have questions. At The Law Offices of Paul Y. Lee, we believe that your best option for the best answers is to contact us at 951-755-1000. We offer a free consultation and can answer all of your...

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