| Read Time: 5 minutes | Bankruptcy

Loan Modification vs. Refinancing In Hawaii: Which Is Better Post-Bankruptcy?

Navigating 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...

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| Read Time: 4 minutes | Bankruptcy

Choosing Between Debt Management & Chapter 13 Bankruptcy In Hawaii

Exploring Debt Relief Options In Hawaii: Navigating Through Debt Management & Chapter 13 In Chapter 13 bankruptcy, your debts are systematically restructured, providing you with a designated period to fulfill your payment obligations. This process bears resemblance to debt management plans, leading many to deliberate the choice between bankruptcy and debt management. A Debt Management Plan, on the other...

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| Read Time: 4 minutes | Bankruptcy

How Does Bankruptcy Affect Future Mortgage Applications?

Impact 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...

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| Read Time: 4 minutes | Bankruptcy

What Are The Implications Of Bankruptcy On Jointly Owned Real Estate Properties?

The Effects Of Individual Bankruptcy On Joint Property In Hawaiian Law Filing for individual bankruptcy is a big decision that can affect not only your life and assets but also the lives and assets of those you co-own assets with. This can be a concern especially if you jointly own Hawaiian real estate property. If you are a co-owner...

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| Read Time: 4 minutes | Bankruptcy

How Bankruptcy Impacts Opening a New Bank Account In Hawaii

Can Bankruptcy In Hawaii Impact Your Current & Future Bank Accounts? After you file for bankruptcy in Hawaii, your life is impacted in several ways. An impact of bankruptcy that people often ask bankruptcy filers about is whether or not they will be able to open new bank accounts or hold their current ones.  Whether or not your bank...

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| Read Time: 4 minutes | Bankruptcy

Will My Social Security Benefits Be Affected If I Declare Bankruptcy After Retirement?

Bankruptcy In Retirement: How It Affects Social Security In Hawaii When you file for bankruptcy in Hawaii, it is natural to wonder if it will affect your social security benefits, especially if doing so after you’re already retired. The good news is, your social security benefits will stay safe. There will be no change in your eligibility or how...

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| Read Time: 4 minutes | Bankruptcy

Are Government Fines or Penalties Dischargeable in Bankruptcy?

Bankruptcy & Government Debts: Distinguishing the Dischargeable from the Non-Dischargeable Individuals and families struggling with debt may consider filing for bankruptcy as an option to find financial freedom and relief from creditors. If you owe money to a local, state, or federal government, such as fines, overdue taxes, penalties, or another debt, you may be wondering if you can...

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| Read Time: 4 minutes | Bankruptcy

How Does Bankruptcy Affect Co-Signers on My Loans?

The Impact of Bankruptcy on Co-Signers & Guarantors If you have debts with co-signers or guarantors, your bankruptcy petition could affect them and their responsibility for the loan. Many of these cases become complicated, so be sure to consult with your bankruptcy law office for guidance. Your attorney may also be able to help you find ways to prevent...

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| Read Time: 4 minutes | Bankruptcy

Is My Retirement Account Safe if I Declare Bankruptcy?

Safeguarding 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...

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| Read Time: 4 minutes | Bankruptcy

How Does My Ex-Spouse’s Bankruptcy Affect Me After Divorce?

What 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...

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