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October 2020
Greetings!
   
September and October have led to exciting news for homeowners in California. Many of our clients are worrying about how to protect their personal assets, including their homes, especially during these financially stressful times. Check out our article on the new homestead exemption available to homeowners starting January 1, 2021. This is also powerful for small business owners who had to personally guarantee leases for their businesses and were in danger of losing everything.
 
We’ve also got Season 2 of Debt Therapy that just launched and a couple of new episodes out – check them out below.

Thanks,
Jen 


Thank you for reading and please feel free to forward our newsletter to any friends, colleagues, or family members who may be interested in learning more about debt, credit, and solutions to financial stress.
MY DEBT THERAPY PODCAST
Season 2, Welcome to Season 2

When we first took on this venture, we wanted to fill in the gaps that all of us seem to miss along the way. Schools don’t teach us about finances the way they used to. Because of that, we end up figuring things out through trial and error—which is sometimes detrimental to our futures. 

This podcast keeps between 15-20 minutes per episode and helps explain certain concepts in personal finance. Nothing is too basic! We cover topics that are simplistic and complex—all of which are important to know in adulthood. 
BLOG POSTS
New Homestead Exemption Will Have Significant Impact On Bankruptcy Practice In California
by Leo Spanos, Senior Associate Attorney at Jen Lee Law, Inc.
With the stroke of a pen, California’s homestead exemption -- the amount of equity in one’s primary residence that can be protected from creditors -- increased from $75,000, $100,000, or $175,000 (depending on the circumstances) to the greater of $300,000 or “the countywide median sale price of a single family home in the calendar year prior to the calendar year in which the judgment debtor claims the exemption,” up to $600,000. Put simply, the exemption increases from up to $175,000 to $600,000, depending on the county. (read more).
Personal finance advice relies on shame; what if we tried empathy?
by Emma Pattee and Stefanie O’Connell
When June applied to be on the Suze Orman show in 2012, she was a young doctor making $58,000 a year with $240,000 in student loans from medical school and $40,000 in credit card debt. As a divorced mother with three children, who was also caring for a terminally ill parent, June’s income barely covered her living expenses (read more).
A caring approach to debt and credit strategy.
SERVICES
SPEAKING ENGAGEMENTS-


Debt, Credit and Financial Stress - Preparing for and How it Affects the Job Search
November 12, 2020
at 10 a.m. PST
SCIX Connect


To schedule a speaking engagement with Jen,


This is just a basic overview and is not legal advice specific to your situation. If you have questions about your rights when it comes to debt and credit, you should speak with an attorney in your area for legal advice. If you live in California or North Dakota and would like to speak with Jen Lee Law regarding your situation, please schedule an appointment on our scheduling site.