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Bankruptcy and Foreclosure: Understanding Your Options and Rights

by Paul Y. Lee | Dec 20, 2023 | Bankruptcy

Facing foreclosure can be one of the most challenging experiences for any homeowner. However, understanding how bankruptcy may provide a viable solution can offer a ray of hope. This blog explores the relationship between bankruptcy and foreclosure, detailing how it...

Starting Fresh: Understanding the Bankruptcy Process in California

by Paul Y. Lee | Dec 10, 2023 | Bankruptcy

Embarking on the bankruptcy process can feel overwhelming, but it’s a path that can lead to a much-needed fresh start. In California, understanding the bankruptcy process is the first step towards regaining financial stability. This blog will guide you through...

The Impact of Business Bankruptcy on Stockholders

by Paul Y. Lee | Nov 20, 2023 | Bankruptcy

Bankruptcy is a complex process, and when a business declares bankruptcy, one of the primary concerns for many is the fate of its stocks. Understanding how bankruptcy affects stocks is crucial for investors and employees holding stock options. In this blog, we will...

Demystifying Bankruptcy: Top 3 Frequently Asked Questions Answered

by Paul Y. Lee | Nov 10, 2023 | Bankruptcy

Bankruptcy can often seem like a complex and daunting process. It’s normal to have numerous questions about how it works and how it affects your financial future. In this blog, we address the three most commonly asked questions about bankruptcy to help clarify...

The Rising Trend of Invalid Debt Collection Efforts: A Comprehensive Guide

by Paul Y. Lee | Oct 20, 2023 | Bankruptcy

Recent data from the Consumer Financial Protection Bureau (CFPB) paints a concerning picture. A startling 65.8% surge in complaints about illegal attempts at debt collection was observed from the first three quarters of 2022 to the equivalent period in 2021. More...

Debunking Bankruptcy Myths: Is the Discharge the Final Step?

by Paul Y. Lee | Oct 10, 2023 | Bankruptcy

Many individuals believe that with the discharge of bankruptcy, the entire process wraps up. The satisfaction of seeing the debts wiped out often causes debtors to mistakenly view the discharge as the culmination. While aiming for discharge when liaising with a...

Facing the Credit Card Debt Dilemma: The Chapter 7 Bankruptcy Pathway

by Paul Y. Lee | Sep 21, 2023 | Bankruptcy

For a myriad of families, credit cards symbolize a crucial financial safety valve, especially during unforeseen adversities such as medical exigencies or job loss episodes. However, resorting to credit to tide over short-term financial glitches often morphs into...

401(k) Loans Vs Chapter 13 Bankruptcy Solutions: Unveiling The Hazards of 401(k) Loans Amid Financial Crunch

by Paul Y. Lee | Sep 7, 2023 | Bankruptcy

Taking a dive into your 401(k) during financial hardships often appears as a convenient cushion against mounting debts. The temptation grows stronger when the whirlpool of liabilities seems to be drawing you closer towards bankruptcy. However, leveraging your future...

Unraveling the Impact of Chapter 13 Bankruptcy on Your Financial Footprint

by Paul Y. Lee | Aug 21, 2023 | Bankruptcy

When faced with the decision to file for bankruptcy, the choice between Chapter 7 and Chapter 13 can be daunting. A primary concern for most is how their credit standing will be impacted. In this article, we delve into the ramifications of opting for Chapter 13...

Navigating Bankruptcy’s Complex Landscape: Avoiding Accidental Fraud

by Paul Y. Lee | Aug 7, 2023 | Bankruptcy

Taking the plunge into the realm of bankruptcy is daunting, especially when overwhelmed by debt. To many, managing the proceedings without professional assistance may seem like a wise decision, aiming to save costs. The reality, however, is that bankruptcy laws are...

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