Hawaii Bankruptcy Lawyers
Get answers with a Hawaii bankruptcy attorney
Life is no paradise when you're stuck with the burden of heavy debt. Fortunately, residents of Hawaii have access to Chapter 7 and Chapter 13 bankruptcy.
Bankruptcy is designed to safely and securely clear your debts. It may address many types of debts at the same time, including home mortgage, credit card debt and medical bills.
But filing isn't as simple as dropping your bills in the mailbox. There are pre-filing requirements you must meet, and you may also want to take steps to ensure your property is fully protected.
How can bankruptcy help you? Get answers from a bankruptcy lawyer in Hawaii. For a free case evaluation with a bankruptcy lawyer near you, complete the free form on this page or call, toll free, 877-833-2410.
Filing Bankruptcy in Hawaii
The laws in Hawaii give you two personal bankruptcy options that work in slightly different ways to achieve the same goal. Both Chapter 7 and Chapter 13 bankruptcy may be used to clear your debt and protect your property. One chapter isn't better than the other, but one might be better for you, based on what you need and what you hope to accomplish.
Chapter 7 bankruptcy is generally the quickest form of bankruptcy: Your case may be over in just a few months. It's typically used to address unsecured debt, like credit card and medical bills, personal loans and even payday loans.
Chapter 7 is often a good fit for people who don't have much regular income. In fact, your income will be used to determine if you "qualify" to file under the means test. The requirements are different in every state, and a bankruptcy lawyer in Hawaii can help you determine if you are eligible to file.
You may also use Chapter 7 to protect your home, car and other possessions from a forced sale. In fact, it's rare for a Chapter 7 case in Hawaii to involve a sale of any property.
The bankruptcy exemptions in Hawaii outline the types of property that are fully protected. They include:
- Up to $20,000 for a home; Up to $30,000 if head of household or 65 years or older.
- At least 80 percent of your wages
- $2,575 for equity in an automobile
- 100 percent of necessary household furnishings, appliances, books and clothes
- Up to $1,000 of jewelry and watches
- 100 percent of all tools, equipment and furnishings used on the job or in your profession
You will likely want to speak with your lawyer in-depth about exactly what kind of protection and coverage you'll get under the law.
If you want the maximum protection and have enough income to make regular payments, then a Chapter 13 may be a better fit. While it typically takes longer than Chapter 7, you may be able to include debt from your home mortgage or car loan in addition to your other bills.
Both chapters include the power of the automatic stay, which typically kicks in after you file. This will stop any collection efforts that are currently going on, from attempts at foreclosure and wage garnishment to the letters and phone calls from bill collectors.
Speak with a Bankruptcy Lawyer in Hawaii Today
You don't have to wait to start taking action against your debt. Bankruptcy can work quickly and powerfully, but it won't happen unless you make the first move.
This could be the chance you need to get a fresh start and get on with living the life you want. But you may not want to move forward until you've got all the bankruptcy facts you need. By speaking with a bankruptcy lawyer before you file you can get the facts on how filing will affect you and your future. Ask any questions you have and learn about all the steps of the process.
Complete the free form below or call toll-free 877-833-2410 to arrange a no-obligation consultation with a local bankruptcy lawyer and begin your journey to financial freedom.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.