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Ask a Bankruptcy Attorney: Can I Keep My Vehicle in the Bankruptcy Proceeding?

by Paul Y. Lee | Feb 22, 2022 | Bankruptcy

When filing for bankruptcy, it’s also a good idea to make a list of “exempt” assets. Even if you file for bankruptcy, an exemption permits you to preserve some possessions. In a chapter 7 bankruptcy, your property will be treated differently than in...

Get the Facts About the Bankruptcy Classes Required in a California Bankruptcy

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

If you’re drowning in debt, personal bankruptcy may be the only way out. Unfortunately, some people are hesitant to file for bankruptcy because it appears to be excessively difficult and unclear. The fact that you must attend bankruptcy classes in order to...

Get the Facts About How Chapter 7 Could Affect Your Student Loan Repayment Plan

by Paul Y. Lee | Jan 19, 2022 | Bankruptcy

Unlike normal unsecured debt like credit card debt, which may be easily discharged in Chapter 7 bankruptcy, most college loans are extremely difficult to discharge. However, there are a few scenarios in which petitioning for the discharge of private and/or federal...

Learn the Basics of a Bankruptcy Adversary Proceeding and How an Attorney Can Help You

by Paul Y. Lee | Jan 6, 2022 | Bankruptcy

The vast majority of personal bankruptcy proceedings are rather simple affairs. This is particularly true in Chapter 7 bankruptcy, in which all unsecured obligations are wiped and creditors are not paid. However, if you file Chapter 13, which involves a repayment plan...

Post-Bankruptcy Tax Tips to Prepare You for the New Year

by Paul Y. Lee | Dec 21, 2021 | Bankruptcy

At The Law Offices of Paul Y. Lee, can offer our clients guidance about the procedure leading up to bankruptcy and afterwards after many years of working on California bankruptcy cases. Today, we’ve gathered a list of pointers to guarantee you’re filing...

Working with a Bankruptcy Preparer Instead of a Bankruptcy Attorney Could Cost You Big in the Long Run

by Paul Y. Lee | Dec 10, 2021 | Bankruptcy

People who are thinking about filing for bankruptcy are already in a bad financial situation. As a result, it’s understandable that they’d look for ways to cut costs on their bankruptcy case. The cheapest option is to draft your own bankruptcy petition for...

Learn the Truth About Supposed “Simple” California Bankruptcy Cases

by Paul Y. Lee | Nov 10, 2021 | Bankruptcy

It is possible to file for bankruptcy without the help of an attorney, and some people will tell you that for a “simple” bankruptcy, this is the best option. The only issue is that how can you know whether your bankruptcy is straightforward? You...

Tax Deductions and Chapter 13: Learn What Hidden Deductions You Might Quality For

by Paul Y. Lee | Oct 20, 2021 | Bankruptcy

When you file for Chapter 13 bankruptcy, there may appear to be a million and one things to keep care of. It can be a difficult procedure, but the good news is that bankruptcy attorneys are there to assist you. When you deal with The Law Offices of Paul Y. Lee,...

The First Step in Filing Bankruptcy is Often to Create a Pre-Filing Plan – We Can Help

by Paul Y. Lee | Oct 7, 2021 | Bankruptcy

Bankruptcy may affect your life if you don’t plan beforehand. This is a critical choice that must be thoroughly examined before proceeding. If you’re facing foreclosure or repossession, you should call The Law Offices of Paul Y. Lee right away. Otherwise,...

Borrowing Money from Friends and Family to Avoid Bankruptcy Might Not Be the Solution You Think It Is

by Paul Y. Lee | Sep 23, 2021 | Bankruptcy

If you are having financial difficulties and are unable to pay your expenses, borrowing from friends and family may appear to be a viable alternative. Even if someone is willing to assist you, borrowing money might not be the best option. Before you decide to borrow...

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