Detailed Guide To Bankruptcy Fraud: Types, Legal Penalties & Prevention For some people or businesses, there may come a time in life where they are unable to pay their debts and will have to consider filing for bankruptcy. Filing for bankruptcy should never be taken lightly and it is wise to consult with a bankruptcy attorney to determine if...
Continue ReadingAnalyzing How Credit Counseling Affects Chapter 7 & Chapter 13 Bankruptcy Results When struggling financially, filing for bankruptcy can be an option. It is wise to contact a bankruptcy attorney who will help you determine all of your options and whether Chapter 13 or Chapter 7 is right for you Filling for bankruptcy should not be taken lightly and...
Continue ReadingExploring Your Path To Homeownership Following Bankruptcy While buying a house is already a challenge, purchasing it after bankruptcy can feel even more daunting. But there’s good news! Homeownership is still achievable, whether you filed Chapter 7 or Chapter 13 bankruptcy. In the next section, a bankruptcy lawyer will provide valuable insights and steps you can take to turn...
Continue ReadingHow Does the FCRA Influence Credit Reporting During Bankruptcy? The Fair Credit Reporting Act (FCRA) plays a pivotal role in safeguarding the integrity and privacy of your credit information, a matter of utmost importance, especially when dealing with bankruptcy proceedings, whether it’s Chapter 7 or Chapter 13. As a seasoned bankruptcy attorney in Maui, Blake Goodman offers invaluable insights...
Continue ReadingPresenting Your Bankruptcy Case To Potential Lenders Bankruptcy is often viewed as a financial fresh start, but it comes with its set of challenges, particularly when it comes to rebuilding credit and seeking new lending opportunities. If you’re in Hawaii and have experienced bankruptcy, you might find yourself in a situation where you need to explain your credit report...
Continue ReadingNavigating Mortgage Adjustments After Bankruptcy: Refinancing Or Modification Options In Hawaii A loan modification adjusts the original conditions of your mortgage loan. In contrast to refinancing, a loan modification doesn’t settle your existing mortgage to start a new one. When you have finally made it past the bankruptcy process, you may be thinking of adjusting your mortgage payments. This...
Continue ReadingImpact Of Bankruptcy On Future Home Loans: Chapter 7 vs. Chapter 13 Insights The impact largely depends on the specific type of bankruptcy—Chapter 7 or Chapter 13—each carrying different implications for one’s ability to secure a mortgage in the future. This crucial distinction underscores the need for clear understanding and strategic planning for those looking to regain financial stability...
Continue ReadingSafeguarding Retirement Accounts in Hawaii Bankruptcy Individuals who are struggling with debt and considering bankruptcy are often concerned about what will happen to their retirement accounts if they file for bankruptcy in Hawaii. Loss of a retirement account can be significant, which is why it’s always a good idea to consult with a bankruptcy law firm for personalized advice...
Continue ReadingWhat an Ex-Spouse’s Bankruptcy Means for Your Shared Loans Financial disputes and stress are among the most common reasons why couples divorce. When couples are financially struggling while still together, they may struggle even more when living separately. In many cases, one or both spouses may consider filing for bankruptcy during or immediately after their divorce. What happens if...
Continue ReadingHSA & MSA Funds in Chapter 7 Bankruptcy: Exemptions, Implications, and Strategies If you are considering filing for a Chapter 7 bankruptcy but have a health savings account (HSA) or a medical savings account (MSA), you may be wondering whether you’ll be able to keep those funds after you’ve filed. With an HSA, you can set aside pre-tax money...
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