| Read Time: 4 minutes | Bankruptcy

Can I Buy a House After Filing For Bankruptcy?

Exploring 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...

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| Read Time: 4 minutes | Bankruptcy

FCRA Impact on Bankruptcy: Navigating Credit Reporting in Chapter 7 & Chapter 13

How 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...

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How To Explain Bankruptcy On Your Credit Report To Future Lenders

Presenting 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...

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| 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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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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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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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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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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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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