With over 80 years of combined experience, our Honolulu-based legal team specializes in Chapter 7 Bankruptcy cases. Our seasoned lawyers bring a wealth of expertise to guide clients through the complexities of bankruptcy proceedings on the island. With a deep understanding of local regulations and a successful track record, we are dedicated to helping individuals navigate the Chapter 7 process and achieve financial relief. Trust our experienced team to provide knowledgeable and effective legal representation in Honolulu’s bankruptcy cases.
Chapter 7 bankruptcy is a liquidation process designed to provide individuals and businesses with a fresh financial start. In this form of bankruptcy, a court-appointed trustee sells the debtor’s non-exempt assets to repay creditors. Most unsecured debts, such as credit card balances and medical bills, are discharged at the end of the process, offering debtors relief from overwhelming financial burdens. The eligibility criteria for Chapter 7 typically involve a means test, evaluating the debtor’s income and ability to repay debts, ensuring it is a viable option for those facing severe financial hardship.
Chapter 7 Bankruptcy & The Automatic Stay
Filing for Chapter 7 bankruptcy triggers an automatic stay, which is a legal injunction that halts most creditor actions against the debtor. The automatic stay provides the debtor with immediate relief and breathing room to address their financial situation with their Honolulu bankruptcy lawyers through the Chapter 7 process.
Requirements For Filing Chapter 7 Bankruptcy
To initiate Chapter 7 bankruptcy, an individual must first pass the means test, which assesses their income against the median for Hawaii. The debtor is then required to complete credit counseling from an approved agency and must submit a petition to the bankruptcy court, detailing their situation. It is recommended to hire a Honolulu bankruptcy lawyer at this point.
Get A Fresh Financial Start. Contact Our Bankruptcy Law Firm Today!
Hiring a Chapter 7 lawyer can provide numerous benefits, as these legal professionals specialize in navigating the complexities of bankruptcy law. A skilled attorney can assess your financial situation, determine eligibility, and guide you through the entire Chapter 7 process. They can help protect your assets, ensure accurate and complete paperwork, and represent your interests in court. Ultimately, having a Chapter 7 lawyer by your side increases the likelihood of a successful outcome and a smoother bankruptcy experience.
Explore Your Options with Our Hawaii Chapter Bankruptcy Lawyers
We’re The Largest Bankruptcy Filers In The State Of Hawaii
When you’re in need of top-rated and highly professional help in your Chapter 7 bankruptcy case, look no further than Hawaii Chapter Bankruptcy!
Tailored Approach To Your Chapter 7 Bankruptcy Proceedings
Our clients matter and we know that no two cases are alike which is why we are careful to listen and tailor each approach to the individual.
Flexible Payment Options, Start With As Little As $100
Don’t stand alone in your bankruptcy case, take advantage of our free initial consultation and flexible payment plans and get help from our lawyers!
We Help You Get A 720 Credit Score Post-Bankruptcy
At Hawaii Chapter Bankruptcy, we go the extra mile after your bankruptcy proceedings, offering a course that helps you get back to a 720 credit score!
Several Attorneys & Paralegals To Serve You
All of our staff are highly trained and skilled to give you the help you need in your bankruptcy case. Look no further for trusted legal help.
Large, Experienced Staff With The Feeling Of Family
Filing for bankruptcy can be a difficult process. Our staff is experienced and compassionate, providing a family-like feel in everything we do.
Read Our Clients’ Testimonials
Honolulu Bankruptcy Lawyers With 5-Star Rated Reviews
Blake Goodman and his staff were extremely helpful in helping us on our way to be debt free! Bankruptcy was intimidating at first but they made it easy and we didnt feel judged either! They answered all the questions we had! I highly recommend Blake Goodman as your bankruptcy attorney!
Leticia Miner
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Which Types Of Debts Are Eligible For Discharge In Chapter 7 Bankruptcy?
Honolulu Chapter 7 bankruptcy discharges various types of unsecured debts. Common examples of dischargeable debts include credit card balances, medical bills, personal loans, and certain types of lawsuit judgments. However, not all debts are dischargeable; some exceptions include certain tax debts, student loans, alimony, child support, and debts arising from fraud. Consulting with our bankruptcy attorneys is essential to understand which debts are eligible for discharge in a specific Chapter 7 case.
Credit Card Debt
Utility & Medical Bills
Unsecured Personal Loans
Business Debts
Amounts Owed On Repossessed Or Surrendered Vehicles
Payday Loans
Seeking Legal Representation For Chapter 7 Bankruptcy?
What Happens After Filing For Chapter 7 Bankruptcy?
Steps To Follow After A Chapter 7 Petition
After filing for Honolulu’s Chapter 7 bankruptcy, individuals must navigate a series of essential steps to move through the process towards financial recovery. From attending a meeting of creditors to the discharge of eligible debts, each step plays a crucial role in the debtor’s journey toward a fresh start. Understanding and following these post-petition steps is vital for a successful and smooth Chapter 7 bankruptcy experience. Contact Hawaii Chapter Bankruptcy for more detailed information!
STEP 1
Attend the meeting of creditors where the trustee and potentially creditors inquire about the debtor’s financial situation.
STEP 2
The trustee evaluates and liquidates non-exempt assets to generate funds for distribution among creditors.
STEP 3
Upon completion of the liquidation process, eligible debts are discharged, relieving the debtor from personal liability.
Essential Chapter 7 Questions Answered
Is It Possible to Keep My Home In Chapter 7?
Whether you can keep your home depends on various factors, but there are certain exemptions that make it possible!! Our experienced Honolulu bankruptcy attorneys are happy to assist you in determining if it’s possible in your situation.
Do I Need Credit Counseling?
Yes, before filing for bankruptcy, you are generally required to undergo credit counseling from an approved agency. This counseling helps you evaluate your financial situation, explore alternatives to bankruptcy, and ensures you are well-informed.
Will I Be Able To Keep My Vehicle in Chapter 7?
Yes, if the vehicle’s equity falls within the allowable exemptions and you can continue making payments, there’s a possibility of retaining your vehicle during Chapter 7 bankruptcy. Consult with our attorneys to determine your best course of action.
Our expert Honolulu bankruptcy attorneys are committed to providing highly qualified legal assistance for individuals seeking a debt-free future. Trust us to ensure you receive personalized and effective representation.
How Long Will A Chapter 7 Bankruptcy Stay On My Credit Report?
A Chapter 7 bankruptcy typically remains on your credit report for up to 10 years from the date of filing. However, its impact on your credit score may diminish over time, especially as you establish a positive credit history and use our program to get to a 720 score post-bankruptcy.
What Information Should I Bring To My Initial Consultation With A Bankruptcy Lawyer?
For your initial consultation with our Honolulu bankruptcy lawyers, bring comprehensive financial information, including details about your income, expenses, debts, assets, and recent financial transactions. It’s essential to provide accurate and thorough documentation to help the attorney assess your situation and provide tailored advice regarding your bankruptcy options.
How Long Does The Chapter 7 Bankruptcy Process Take?
The Chapter 7 bankruptcy process typically takes about three to six months from the filing date to the discharge of debts. The timeline may vary based on factors such as the complexity of the case, court schedules, and any potential challenges that may arise during the proceedings. Contact our attorneys for a more specific timeline for your case.
Will I Be Able To Choose Which Debts To Include In Chapter 7?
You cannot selectively choose which debts to include – all eligible debts must be listed in your bankruptcy petition. The bankruptcy process requires full disclosure of all debts, and the court will handle the distribution of assets and discharge of qualifying debts according to the applicable laws.
Can My Lawyer Help Me With Post-Bankruptcy Issues, Such As Rebuilding My Credit?
Yes! Our Honolulu bankruptcy lawyers can provide valuable guidance on rebuilding your credit score after the bankruptcy process. Explore our program designed specifically to help you achieve a 720 credit score, providing a roadmap for a positive and stable credit future.
Will My Lawyer Represent Me At The 341 Meeting Of Creditors?
Your Hawaii Chapter Bankruptcy lawyers will represent you at the 341 Meeting of Creditors in a Chapter 7 bankruptcy. They will accompany you, assist in answering any questions posed by the trustee or creditors, and ensure that your rights and interests are protected throughout the meeting.
Can A Bankruptcy Lawyer Help With Tax-Related Debt Issues?
Yes, our bankruptcy lawyers can assist with tax-related debt issues by providing guidance on the dischargeability of certain tax debts and helping formulate a strategy for managing tax obligations during bankruptcy. They can navigate the complexities of tax-related issues in bankruptcy, ensuring compliance with the relevant laws and maximizing the benefits available to the debtor.
