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Bringing TogetherWe Specialize In Handling Chapter 13 Bankruptcy Cases In Maui
Entrust your Chapter 13 bankruptcy case in Maui to our specialized team boasting a combined experience of over 80 years. With our extensive knowledge and expertise, we offer personalized legal solutions tailored to meet your specific needs and goals. Whether you’re facing overwhelming debt or seeking to protect your assets while restructuring your finances, our seasoned attorneys are here to guide you through every step of the process. We understand the unique challenges of Chapter 13 bankruptcy and are committed to helping you navigate them effectively.
Chapter 13 bankruptcy provides individuals with a structured repayment plan to address their debts over a period typically lasting three to five years. Under this plan, debtors make monthly payments to a court-appointed trustee, who then distributes the funds to creditors. The repayment plan allows debtors to consolidate and repay a portion of their debts while retaining their assets. Chapter 13 bankruptcy also offers debtors protection from creditor harassment through the automatic stay provision. By understanding the intricacies of the Chapter 13 bankruptcy plan, individuals can navigate the process effectively and work towards achieving financial stability.
Determining Eligibility For Chapter 13 Bankruptcy Filing
Eligibility for Chapter 13 bankruptcy filing is determined by several factors. To qualify, individuals must have a regular income that enables them to fund a court-approved repayment plan. Additionally, there are debt limits for both secured and unsecured debts that must be met to be eligible for Chapter 13 bankruptcy. Contact us to help determine if you’re eligible!
Is Chapter 13 Bankruptcy Right For You?
Allow us to help determine if Chapter 13 bankruptcy is right for you! We’ll conduct a thorough evaluation of your circumstances, considering factors such as your income, assets, and debt level, to determine eligibility and suitability for Chapter 13. With our guidance, you can make informed decisions and pursue the best path forward.
Learning About Property Risks In Chapter 13 Bankruptcy
Understanding property risks in Chapter 13 bankruptcy involves recognizing potential challenges and opportunities related to your assets. While Chapter 13 offers a chance to retain property by addressing arrears through a structured repayment plan, failure to comply with the plan could lead to risks such as foreclosure or repossession.
Chapter 13 Bankruptcy & Its Considerations For Business Owners
For business owners considering Chapter 13, navigating the complexities of the process requires expert guidance. Our team of Maui bankruptcy attorneys specializes in assisting business owners, offering tailored solutions to address their unique financial challenges. We provide comprehensive support to help business owners achieve debt relief.
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Guiding You through The Complexities Of Chapter 13 Bankruptcy
Calculating Your Disposable Income In Chapter 13
Our attorneys specialize in guiding you through the complexities of Chapter 13 bankruptcy, starting with the crucial task of calculating your disposable income. In Chapter 13, determining disposable income is vital as it forms the basis for your repayment plan. Our experienced team will meticulously analyze your financial situation, taking into account your income, necessary living expenses, and allowed deductions to establish an accurate figure. We work closely with you to ensure all eligible expenses are considered, maximizing the feasibility of a successful repayment plan. By navigating the nuances of disposable income calculations, our attorneys pave the way for a comprehensive and tailored Chapter 13 bankruptcy strategy, ensuring your financial goals are met with precision and expertise.
Preserving Your Home In Chapter 13 Bankruptcy
We understand the importance of your home and will work collaboratively to develop a repayment plan that addresses mortgage arrears and allows you to retain your property. With our expertise in negotiation and bankruptcy laws, we strive to provide a comprehensive solution to safeguard your home and financial well-being.
Debt Reduction Possibilities In Chapter 13
Allow our expertise at Hawaii Chapter Bankruptcy to guide you in determining debt reduction possibilities in Maui Chapter 13 bankruptcy. Our dedicated team will assess your financial landscape, identifying strategic opportunities to consolidate, restructure, or reduce debts through a court-approved repayment plan.
Consequences Of Not Following The Chapter 13 Plan
Failure to adhere to the court-approved repayment plan of Chapter 13 bankruptcy may result in dismissal of the case, leaving debts unaffected and creditors free to pursue collection actions. Additionally, missed payments can lead to potential foreclosure or repossession of assets, jeopardizing your financial stability and long-term goals.
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We Are The Most Prominent Bankruptcy Filers In Hawaii, Providing Vital Bankruptcy Assistance To Clients in Need
As the most prominent bankruptcy filers in Hawaii, you can count on us to navigate the complexities of bankruptcy law and provide support to help you achieve financial stability.
Flexible Payment Options: Start With As Little As $100
Start your bankruptcy journey with a payment option starting at as little as $100. We aim to make our services affordable, accessible and convenient for everyone.
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Experience a personalized approach to your bankruptcy proceedings. We prioritize understanding your financial situation to craft a customized strategy that suits your needs.
Help In Attaining A 720 Credit Score Post-Bankruptcy
Our bankruptcy attorneys will help you attain a 720 credit score post-bankruptcy! Our strategies focus on rebuilding credit responsibility and empowering you to achieve financial success.
A Dedicated Team Of Attorneys & Paralegals At Your Disposal
When you choose Hawaii Chapter Bankruptcy, you can benefit from our team of attorneys and paralegals who are available to assist you, allowing you to navigate legal matters effectively.
A Well-Established & Experienced Staff Providing A Personalized Experience
Our well-established staff is committed to providing a personalized experience, ensuring that your unique needs and concerns are addressed with utmost care and attention.
Read Our Clients’ Testimonials
Maui 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 13 Bankruptcy?
In Chapter 13 bankruptcy, eligible debts for discharge include unsecured debts such as credit card balances, medical bills, personal loans, and certain types of tax debts. Secured debts can also be addressed in Chapter 13, although they may not be fully discharged. Instead, the repayment plan can allow for the restructuring or partial repayment of secured debts, such as mortgage arrears or car loans. However, certain debts, such as child support, alimony, most tax obligations, and debts arising from fraudulent activities, are generally not dischargeable in Chapter 13 bankruptcy. Our Maui bankruptcy attorneys will help provide clarity on which debts are eligible for discharge based on your circumstances.
Credit Card Debt
Utility & Medical Bills
Unsecured Personal Loans
Business Debts
Amounts Owed On Repossessed Or Surrendered Vehicles
Payday Loans & More
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What Happens After Filing For Chapter 13 Bankruptcy?
Steps To Follow After A Chapter 13 Petition
After filing for Chapter 13 bankruptcy, several key steps follow. First, a meeting of creditors is scheduled, allowing the debtor to address any concerns and present their proposed repayment plan. The court then conducts a confirmation hearing to approve the plan, and upon approval, the debtor begins making payments to a court-appointed trustee, who distributes funds to creditors. Throughout the repayment period, usually three to five years, the debtor adheres to the plan, addressing outstanding debts. Upon successful completion, the court grants a discharge, releasing the debtor from remaining qualifying debts.
STEP 1
Attend the scheduled Meeting of Creditors with your Maui attorney to discuss the proposed repayment plan with creditors.
STEP 2
Participate in the confirmation hearing where the court reviews and approves the discussed repayment plan.
STEP 3
Adhere to the court-approved repayment plan by making regular payments to the trustee, who distributes funds to creditors.
Essential Chapter 13 Questions Answered
What Does ‘Discharge’ Mean in the Context of Bankruptcy?
In the context of Maui bankruptcy, ‘discharge’ refers to the legal release of a debtor from personal liability for certain specified debts. Once a discharge is granted, the debtor is no longer obligated to repay those debts, providing a fresh financial start.
Can Chapter 13 Bankruptcy Prevent Foreclosure Proceedings?
Yes, Chapter 13 can help prevent foreclosure proceedings by providing a structured repayment plan to catch up on missed mortgage payments. Through Chapter 13, debtors can halt foreclosure sales and work towards resolving their mortgage arrears.
Will Chapter 13 Bankruptcy Put An End To Creditor Calls & Harassment?
Filing for Chapter 13 Bankruptcy triggers an automatic stay, which puts an immediate end to creditor calls, providing debtors with relief from creditor actions, allowing them to reorganize their debts through a court-approved repayment plan.
Bankruptcy Lawyers Serving Maui & Surroundings
Expert Legal Support For A Debt-Free Future
Trust our bankruptcy lawyers to help you on a path to a debt-free future. With Hawaii Chapter Bankruptcy’s services, we offer personalized guidance and advocacy to help you navigate the complexities of bankruptcy law and achieve financial freedom.
How Long Will Chapter 13 Bankruptcy Remain On My Credit Report?
Chapter 13 bankruptcy typically remains on your credit report for up to seven years from the date of filing. This period begins from the date of the initial filing, not the date of discharge or completion of the repayment plan. While Chapter 13 bankruptcy can have a significant impact on your credit score, its influence lessens over time as you demonstrate responsible financial behavior. During this period, it’s essential to focus on rebuilding your credit by managing your finances responsibly, such as making timely payments and keeping balances low on credit accounts. Over time, the negative impact of the bankruptcy on your credit score diminishes, allowing you to gradually improve your creditworthiness.
Is There A Risk Of Losing My Home When I File For Chapter 13 Bankruptcy?
In Chapter 13 bankruptcy, the risk of losing your home is generally lower compared to Chapter 7. Chapter 13 allows you to create a repayment plan to catch up on mortgage arrears over time, potentially preventing foreclosure. As long as you make the required payments under the plan and continue with your regular mortgage payments, you can often keep your home. However, if you fail to comply with the repayment plan or continue with mortgage payments, there is a risk of foreclosure. Consulting with our Maui bankruptcy attorney can provide guidance tailored to your specific situation and help protect your home during Chapter 13 proceedings.
How Frequently Do I Need To Attend Court During Chapter 13 Proceedings?
During Maui Chapter 13 proceedings, you typically need to attend court hearings at various stages of the process. Initially, you’ll attend the Meeting of Creditors, which is typically a one-time requirement. Subsequently, you’ll need to attend a confirmation hearing where the bankruptcy court reviews and approves your repayment plan. Additionally, you may need to attend periodic status hearings to update the court on your progress in adhering to the repayment plan. Overall, the frequency of court attendance during Chapter 13 proceedings depends on the specifics of your case and the requirements set forth by the bankruptcy court overseeing your matter.
What Exactly Is The ‘Meeting Of Creditors’ In The Bankruptcy Process?
The Meeting of Creditors is a crucial step in the bankruptcy process where the debtor, their attorney, and the bankruptcy trustee meet with creditors to discuss the case. Despite its name, creditors often do not attend in person. During the meeting, the debtor is sworn in and asked questions about their financial situation, assets, and debts by both the trustee and any creditors who choose to attend. It provides an opportunity for creditors to inquire about the debtor’s financial affairs and for the trustee to verify the accuracy of the information provided in the bankruptcy documents. This meeting is a mandatory part of both Chapter 7 and Chapter 13 bankruptcy proceedings.
Should I Consider Reaffirming Any Of My Debts During Chapter 13 Bankruptcy?
Reaffirming debts during Chapter 13 bankruptcy should be carefully considered on a case-by-case basis. It may be advisable to reaffirm certain debts if they involve assets you wish to keep, such as a home or a car, and you can afford to continue making payments on them. However, reaffirming debts also means that you will remain personally liable for them, which could pose a risk if your financial situation changes in the future. Consulting with our attorneys at Hawaii Chapter Bankruptcy crucial to evaluate the implications of reaffirming specific debts and to ensure it aligns with your long-term financial goals and the requirements of your Chapter 13 repayment plan.
Why Is It Advisable To Have A Bankruptcy Attorney Negotiate On My Behalf?
Engaging our bankruptcy attorneys to negotiate on your behalf is advisable for several reasons. First, an experienced attorney has a deep understanding of bankruptcy laws and procedures, ensuring that your case is handled in compliance with the legal requirements. Second, attorneys possess the expertise to assess your financial situation, helping you navigate complex legal decisions and choose the most beneficial bankruptcy option for your specific circumstances. Third, an attorney can negotiate with creditors to develop favorable repayment plans or settlements, potentially reducing the overall debt burden. Finally, at Hawaii Chapter Bankruptcy, our attorneys can offer valuable guidance throughout the bankruptcy process, ensuring you make informed decisions that align with your long-term financial goals.
Do I Have To Undergo Credit Counseling As Part Of The Bankruptcy Requirements?
Yes, individuals filing for bankruptcy in Hawaii are generally required to undergo credit counseling as part of the bankruptcy requirements, similar to federal regulations. This counseling is designed to provide financial education and explore alternatives to bankruptcy. The counseling session must be completed with an approved agency within 180 days before filing for bankruptcy. A certificate of completion is typically required to be submitted along with the bankruptcy petition. However, exemptions or alternative requirements may apply based on individual circumstances, and consulting with our Maui bankruptcy attorney can provide specific guidance.
