Blog

An Automatic Stay Can Stop Creditors from Calling You – But There Are Limits to What it Can Do

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

The main advantage of declaring bankruptcy is debt relief, but there are some additional advantages as well. One of the most significant is the automatic stay, which functions as a temporary injunction to stop all legal measures taken against you during the...

Are You Planning to Borrow Money from Family to Avoid Filing for Bankruptcy? Learn Why This Might Backfire

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

Borrowing money from friends and relatives may seem like a tempting choice if you are having financial difficulties to the point that you are unable to make your payments. Even if someone may be ready to assist you, taking out a loan might not be the best course of...

Are You Thinking of Filing Chapter 7 Bankruptcy without the Help of an Attorney? Learn the Risks You Are Taking

by Paul Y. Lee | Jan 25, 2023 | Bankruptcy

Can you declare bankruptcy under Chapter 7 without a lawyer? You can, indeed. While it is perfectly lawful to file “pro se,” which is what this is, it is strongly discouraged. Although you would assume The Law Offices of Paul Y. Lee is making this...

Make Sure You Know Your Rights if Your Home is Being Foreclosed Upon in California

by Paul Y. Lee | Jan 18, 2023 | Bankruptcy

You could hear the phrase “in foreclosure” used to describe the process. The truth is that foreclosure is a process, not a place. Before the property is sold in a foreclosure auction, there are significant legal changes. Just a warm-up is done before that....

The Great “Simple Bankruptcy” Myth – is There Such a Thing? Get the Facts Today

by Paul Y. Lee | Nov 23, 2022 | Bankruptcy

It is feasible to file for bankruptcy without legal counsel, and some people may advise you to do so if your situation is “simple” enough. The only issue is: how can you know if your bankruptcy is straightforward? You can’t, at least not without any...

Post-Bankruptcy Help: Learn How You Can Increase Your Credit Score After You File for Bankruptcy

by Paul Y. Lee | Nov 10, 2022 | Bankruptcy

People who are currently drowning in debt may find that declaring bankruptcy is a very helpful financial planning tool. Bankruptcy gives you the financial breathing room you need by enabling you to get rid of (Chapter 7) or restructure (Chapter 13) your debts. A...

Bankruptcy and Your Car: Could Filing for Bankruptcy Prevent Your Vehicle from Being Repossessed

by Paul Y. Lee | Oct 24, 2022 | Bankruptcy

This is a question that is frequently asked at The Law Offices of Paul Y. Lee. The short answer is that yes, an “automatic stay” is enacted when you file for bankruptcy. It safeguards all you own and prevents creditors from pursuing you for payment. This...

Ask a Bankruptcy Attorney: Is it Wise to Tap into Your 401k to Prevent Going into Bankruptcy?

by Paul Y. Lee | Oct 12, 2022 | Bankruptcy

When faced with mounting financial issues, people may rush to use all of their resources to make payments. It’s worth noting that this isn’t always the greatest choice. You should seriously think about all your choices, including bankruptcy, before using...

These Are the Five Tips That Can Help You Finally Manage Your Debt

by Paul Y. Lee | Sep 24, 2022 | Bankruptcy

Are you struggling with a mountain of debt? Not to worry. You may create a strategy for paying off your debt utilizing some of these 5 essential debt management ideas as long as you have a steady source of income. If you have questions, or would like to talk to a...

Learn the Facts About Primary Debts, Secondary Debts, and Other Types of Debt

by Paul Y. Lee | Sep 12, 2022 | Bankruptcy

Some obligations in bankruptcy are dischargeable while others are not, some of which are secured by collateral like a house or automobile. Recognize which loans go into which categories to safeguard your possessions and yourself. Because they are concerned about the...

Welcome to The Law Offices of Paul Y. Lee