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What Happens To HSA & MSA Funds In Chapter 7 Bankruptcy?

HSA & 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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| Read Time: 4 minutes | Bankruptcy

Can You Preserve Your LLC If You Are a Business Owner Filing for Chapter 7?

How 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...

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| Read Time: 4 minutes | Bankruptcy

How Unemployment Can Legally Affect Filing For Bankruptcy In Hawaii

Assessing 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...

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How Does Filing for Bankruptcy Impact Child Support in Hawaii?

Managing 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...

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| Read Time: 4 minutes | Bankruptcy

The Bankruptcy Means Test: Qualifying For Chapter 7 Bankruptcy

How 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...

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| Read Time: 5 minutes | Bankruptcy

How Creditors Are Paid In a Bankruptcy Chapter 13 Repayment Plan

Creditors’ 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....

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| Read Time: 3 minutes | Bankruptcy

Bankruptcy & Debt Settlement: Which One Suits Your Needs?

Which 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...

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| Read Time: 4 minutes | Bankruptcy

How Soon Can You File For Bankruptcy Again In Hawaii?

What 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...

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Can You Turn Your Chapter 7 Bankruptcy To Chapter 13?

When Is It a Good Idea To Convert To Chapter 13 Bankruptcy? If you’re thinking about filing for bankruptcy, one of the things you’ll need to do is find out whether you qualify for Chapter 7 or Chapter 13 bankruptcy. These two types of bankruptcy both have the same goal of paying off some of your debt while helping...

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| Read Time: 4 minutes | Bankruptcy

How Often Can You File for Bankruptcy in Hawaii?

Do Hawaii Bankruptcy Laws Affect Your Filing Frequency? The decision to file for bankruptcy is a major one that comes with various stipulations and timelines. One common question is how often you can file for bankruptcy, a topic that necessitates professional insight. Guidance from a seasoned Honolulu bankruptcy attorney can shed light on this complex matter, helping you navigate...

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