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Understanding Unforeseen Debt Accumulation in California

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

The intricacies of bankruptcy can be perplexing, especially for individuals who find themselves unexpectedly submerged in debt. At The Law Offices of Paul Y. Lee, we frequently interact with clients burdened by guilt or shame stemming from their debt. However, debt...

Deciding Between Chapter 7 and Chapter 13 for Medical Debt Relief in California

by Paul Y. Lee | Jul 6, 2023 | Bankruptcy

For those dealing with financial strain, the decision between Chapter 7 and Chapter 13 bankruptcy can be challenging. Each offers its unique benefits and is tailored to different circumstances. Particularly when confronting substantial medical debt, the differences...

Understanding the Vital Functions of a Bankruptcy Trustee

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

Bankruptcy trustees play an instrumental role in managing bankruptcies and allocating funds to creditors. In each case, an unbiased bankruptcy trustee is assigned to supervise and carry out an array of tasks linked to the bankruptcy process. Here’s an overview...

Understanding the Continuity of Vehicle and Residence Leases Amidst Chapter 7 Bankruptcy

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

Individuals grappling with an insurmountable burden of debt, whether stemming from credit cards, medical expenses, payday loans, or utility bills, often find solace in Chapter 7 bankruptcy. This form of bankruptcy permits qualifying individuals to rid themselves of...

Filing for Bankruptcy Due to Medical Debt: Learn How the Statute of Limitations Should Be Part of Your Decision-Making Process

by Paul Y. Lee | May 17, 2023 | Bankruptcy

Dealing with medical debt can be an overwhelming and stressful experience for many individuals and families. Medical expenses can quickly pile up, leading to financial strain and the need to explore viable solutions. One potential option to consider is bankruptcy....

Get the Facts About the Top Reasons Companies Choose to File Bankruptcy in California

by Paul Y. Lee | May 3, 2023 | Bankruptcy

Facing financial distress is a challenging reality for many businesses. When a company finds itself overwhelmed by mounting debts and struggling to regain stability, bankruptcy may be a viable option. Business bankruptcy provides an opportunity for companies to...

These Are the Five Things You Must Do if You Want to Keep Your Home in a Bankruptcy

by Paul Y. Lee | Apr 26, 2023 | Bankruptcy

Because they wish to keep their house, some people choose Chapter 13 bankruptcy versus Chapter 7 bankruptcy. Maintaining your house is not a guarantee, though. Continue reading to learn the five steps you need to take to keep your house. Call 951-755-1000 to schedule...

Privacy Concerns: Who Will Know if You File for Bankruptcy in California?

by Paul Y. Lee | Apr 12, 2023 | Bankruptcy

Many clients of The Law Offices of Paul Y. Lee have expressed concern about filing for bankruptcy. They fear that filing will be too expensive, that it would prevent them from gaining jobs, or that they are unsure of the short- and long-term effects. In fact, “If I...

The California Homestead Exemption Could Be Key to Helping You Keep Your Home

by Paul Y. Lee | Mar 16, 2023 | Bankruptcy

If creditors are attempting to seize your home’s equity in order to recoup debts, a California homestead exemption may be able to help. During your free examination, it will be thoroughly explained whether or not you’re eligible and which of the several...

Learn Some of the Many Reasons That Debt Settlement Does Not Always Offer the Long-Term Results You Need

by Paul Y. Lee | Mar 9, 2023 | Bankruptcy

It’s possible that you have seen advertisements, billboards, commercials, etc. advertising debt settlement companies. They guarantee that they can make it easy and quick for you to pay off your debt. They assert that they are a superior choice to bankruptcy. Is...

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