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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...

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...

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