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Do You Believe This Bankruptcy Myth That Many People Fall Prey To?

by Paul Y. Lee | Apr 8, 2021 | Bankruptcy

There are so many inaccurate bankruptcy myths in the world that if we wanted to dispel them all, we would spend 100% of our time doing so. However, there are some that are more common than others. Today we are going to cover a few of the myths about Chapter 7...

What Happens if a Person Goes on Vacation While on in Chapter 13 Bankruptcy?

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

If you are considering filing Chapter 13 bankruptcy, then it is likely you have many questions. One question we often get is whether or not a person who is in Chapter 13 bankruptcy can still enjoy their lives. One example is vacation. Can a person who is in Chapter 13...

Are You Planning to Stop a Wage Garnishment by Filing Bankruptcy? What You Should Know Before You Do

by Paul Y. Lee | Mar 9, 2021 | Bankruptcy

Are you dealing with wage garnishment? Have you decided that filing for bankruptcy would be the best way to handle it? If so, we strongly suggest that you talk to a bankruptcy attorney before you decide what to do next. Keep reading to get the basics or call The Law...

The Timing of Your Bankruptcy Filing Could Affect Your Tax Return

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

If you are thinking of filing bankruptcy, it is important to know that your timing could have an impact. That is one of the reasons we recommend talking to a bankruptcy attorney before deciding when to file. Keep reading to learn how your timing could affect your tax...

Could Filing for Chapter 7 Bankruptcy Help Improve Your Credit Score?

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

If you are currently dealing with massive debt and bad credit, you might wonder: is Chapter 7 the answer? Can it help me get out of debt and improve my credit score? The answer is more complicated than you might think. Keep reading to get the facts and then contact...

Learn What Not to Do if You Owe Money to Friends and Are Considering Filing for Bankruptcy

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

It is never easy to decide that it is time to file bankruptcy. Everyone’s situation is a little different, but for many people, one of the most common factors that holds them back is worrying about what will happen to any debt they owe to family or friends. You might...

What is CBRA and How Might it Affect Your Ability to File Bankruptcy in California?

by Paul Y. Lee | Jan 9, 2021 | Bankruptcy

Now that a new President has been sworn in, many people in the bankruptcy industry are wondering what changes will come as a result of President Biden. To determine what is most likely to happen, we are today looking at the Consumer Bankruptcy Reform Act of 2020...

Don’t Fall for These Common Tricks from Lenders and Creditors

by Paul Y. Lee | Dec 18, 2020 | Bankruptcy

If you are in a bad financial situation, it can feel like any offer from a lender or creditor is just the opportunity you needed. Do not fall for this. If you are truly in over your head, then it might be time to talk to a bankruptcy attorney. Do not allow creditors...

Is it the Right Choice for You? Five Reasons Bankruptcy Works

by Paul Y. Lee | Dec 9, 2020 | Bankruptcy

Bankruptcy can be a sensitive topic. There are very few people who actually want to file for bankruptcy but many people who could benefit significantly from doing so. If you are just starting to think about it and are wondering what the bankruptcy process includes, we...

Have You Had a Judgment Entered Against You in a Lawsuit? Learn What it Can Mean for Your Bankruptcy Case

by Paul Y. Lee | Nov 24, 2020 | Bankruptcy

When a person has a judgment entered against them, they often are not clear on what it means and what it could mean. At The Law Offices of Paul Y. Lee, we have people ask us frequently if filing for bankruptcy can get rid of their lawsuit. Keep reading to get the...

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