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...
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...
Continue ReadingHow Chapter 7 Bankruptcy Affects Your Business & Assets If you’re a business owner who is thinking about filing for bankruptcy, you might be wondering what will happen to your LLC and your business holdings. These situations can be complex so it’s best to consult with your bankruptcy attorney for personalized advice. However, there are some general guidelines in...
Continue ReadingAssessing Your Bankruptcy Options For Debt Relief While Unemployed In Hawaii If you’re unemployed and feeling overwhelmed with debt, you might be wondering how you are going to make your payments and what options you might have to relieve financial pressure. Many people are relieved to learn that you don’t need to be employed in order to file for...
Continue ReadingManaging Child Support Debt During Bankruptcy Proceedings in Hawaii In an ideal world, all parents could fully provide for their children. Unfortunately, this is not always feasible in reality. Many parents who want to provide financially for their children are unable to do so. Whether it’s because of a lack of vocational training, difficulty finding a high-paying job, slow...
Continue ReadingHow To Calculate Your Chapter 7 Means Test In Hawaii If you’ve decided to file for bankruptcy, one of the first decisions you’ll need to make is whether to file for Chapter 7 or Chapter 13. These are the two most common types of bankruptcy, but have different methods and approaches. With a Chapter 7 bankruptcy, some of your...
Continue ReadingCreditors’ Payment Process In a Chapter 13 Bankruptcy Repayment Plan Bankruptcy is a powerful tool that can effectively help individuals who are struggling with overwhelming amounts of debt. There are multiple approaches and types of bankruptcy that are available, with specific qualifications as well as advantages and disadvantages that should be discussed with your bankruptcy attorney before you file....
Continue ReadingWhich Debt Management Option Is Best for Your Financial Situation? If you’re struggling with overwhelming debt, you may be wondering what options you have. Two of the most common debt management options are debt settlement and bankruptcy. Although they are different processes, they both offer the same solution: finding a road out of debt. Each approach has its advantages...
Continue ReadingWhat Are The Usual Wait Times Between Bankruptcy Filings? If you are thinking about filing for bankruptcy or have filed for bankruptcy in the past, you may be wondering how soon you can file again in Hawaii. The exact amount of time you’ll need to wait will depend on a variety of factors, such as which type of bankruptcy...
Continue ReadingMedical Services & Financial Assistance Individuals, families, and businesses who are struggling after the devastating wildfires in the Lāhainā area are eligible to receive financial assistance, medical services, housing relief, and many other resources. Although dealing with the aftermath of the wildfires can be overwhelming, this comprehensive guide to navigating financial recovery after the Maui wildfires is intended to...
Continue Reading