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Can I Do a “Cramdown” on Collateral Other than My Home or Vehicle?

by Paul Y. Lee | Jul 6, 2012 | Bankruptcy, Cram Downs

How to Cramdown Secured Debt in a Chapter 13 Bankruptcy of Assets Other than Your Home or Vehicle in Riverside or Orange County. Do you have a secured creditor, i.e. one in which has rights to collateral? Your obligation to pay a secured creditor is secured by the...

Bankruptcy Offers Financial Independence & Fresh Start

by Paul Y. Lee | Jul 4, 2012 | Bankruptcy, Bankruptcy History

If you’re overwhelmed financially this 4th of july, find relief in that our great country offers bankruptcy protection to help families across this great nation rebuild their lives and their financial independence. The historical justification of a bankruptcy and...

Priority Debts, Secured Debts and Debts May Have To Pay and Others You May Choose to Pay

by Paul Y. Lee | Jun 25, 2012 | Bankruptcy, Medical Bills, Priority Debt, Student Loans, Taxes

In bankruptcy, some debts are priority debts, others are secured against your collateral such as a home or car, and some are not dischargeable. Know which debts fall into which category to protect yourself and your assets. Many of my bankruptcy clients in Riverside...

Student Loan Debt Interest Rates May Increase in 2013! Chapter 13 Bankruptcy May Be the Solution

by Paul Y. Lee | Jun 18, 2012 | Bankruptcy, Garnishments, Student Loans

Student loan interest rates across the United States may increase in 2013 from 3.4% to 6.8% thus doubling the government’s revenue and profits from loan repayments to almost $70 billion dollars. Professor Alan White, says that “Congress’ dirty secret is that the...

Number of Mortgage Defaults Up 17.3%

by Paul Y. Lee | Apr 13, 2011 | Bankruptcy

The number of notices of default in California went up 17.3 % from March, an increase to their highest levels since October of last year (source ForeclosureRadar.com). Contact us today if you need help with your Mortgage, foreclosure or bankruptcy options.

Number of Bankruptcies Rose 9% in 2010.

by Paul Y. Lee | Jan 4, 2011 | Bankruptcy

Number of Bankruptcy Filings Rose 9% in 2010

Can I Keep My House Even If I file A Chapter 7 Bankruptcy?

by Paul Y. Lee | Aug 4, 2010 | Bankruptcy

Commonly used as a fear mongering tactic against people considering bankruptcy, we constantly hear of people mistakenly believing that they will lose their home if they file a Chapter 7 bankruptcy. The truth is losing your home, if the bankruptcy is prepared and...

Chapter 7 Bankruptcy Timeline

by Paul Y. Lee | May 31, 2010 | Bankruptcy

Top 7 Reasons to File Chapter 7