| Read Time: 2 minutes | Bankruptcy

Marriage and Bankruptcy; a Match Made in Heaven?

As a single person, financial woes can be stressful to deal with, but adding a spouse to the mixture isn’t the type of “spice” that relationship counselors typically encourage. For couples who have not yet taken the leap, there should be little to no impact, unless there are jointly held property or debts. However, once you put a ring...

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| Read Time: 2 minutes | Bankruptcy

Saving Your Home During & After the COVID Pandemic

What Happens When Hawaii’s Foreclosure Moratorium Ends? The state-mandated moratorium on mortgage companies’ ability to file foreclosures expires in Hawaii on 8/30/21. What this means for many homeowners who have fallen behind on mortgage payments due to the economic hardships imposed by the pandemic, is that the mortgage companies can now come knocking on the door for payment. Actually, they can...

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| Read Time: 2 minutes | Bankruptcy

Can Bankruptcy Save My Home?

Creditors will do whatever it takes to gain compensation, and when individuals fall behind on their mortgage payments, their home becomes the primary target. This is done by the forced sale of someone’s home in order to pay back their debt. If you are extremely behind on your mortgage payments, our Hawaii bankruptcy team outlines how you may be...

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| Read Time: 2 minutes | Debt Collection

Federal Debt Collection Laws That Protect Debtors

What Can Happen If I Fall Behind on Debt? If you fall behind on a debt, the creditor has several options to collect: They can engage in its own collection efforts Enlist a third party to collect on its behalf, or Sell the debt to a debt buyer who would then step into the shoes of the original creditor....

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| Read Time: 3 minutes | Bankruptcy

Chapter 7 or Chapter 13: What You Should Pursue

Chapters 7 and 13 of the United States Bankruptcy Code are two of the most common types of bankruptcy that are filed by consumers. Though their primary goals are to help their filers gain relief from their debts, their processes to achieve this goal are very different. Below, our Hawaii bankruptcy team provides a guide to how these chapters...

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| Read Time: 2 minutes | Bankruptcy

How Can I Improve My Credit Score After Bankruptcy?

Bankruptcy Can Give Debtors a Fresh Start It’s always in the back of our client’s minds on the eve of filing bankruptcy. What sort of interest rates will I get when applying for a future car loan? Will I ever qualify for that home loan? Are credit cards going to be beyond my reach for the next 10 years? These...

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| Read Time: < 1 minutes | Bankruptcy

How Does Bankruptcy’s Automatic Stay Work?

Creditors have a variety of methods at their disposal to collect debts in the form of levies, liens, and garnishments. These processes can leave debtors feeling like unprotected divers swimming in a sea of sharks! Thankfully, the bankruptcy code offers a proverbial shark cage to protect debtors and their property in the form of an automatic stay. It’s this protection...

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| Read Time: 2 minutes | Bankruptcy

Dischargeable Debts: What Bankruptcy Can Get Rid Of

There are many reasons why someone would need to file for bankruptcy, and the most common reason is the need to get rid of debt. One of the biggest benefits of bankruptcy is the ability to permanently get rid of debts, but not all debts can be discharged by the process. Our Hawaii bankruptcy team outlines which debts you...

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| Read Time: < 1 minutes | Bankruptcy

Biden Extends Covid Relief & CARES Act Until 2022

We are happy to report that on Saturday, March 27, 2021, President Biden SIGNED H.R. 1651 into law. H.R. 1651 extends for one year all the bankruptcy-related provisions that were included in the CARES Act passed on March 27, 2020. These provisions will now expire on March 27, 2022. What is the CARES Act Extension? The bill extension offers relief...

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| Read Time: 2 minutes | Bankruptcy

How to File for Bankruptcy in Maui

Filing for bankruptcy is not easy to do alone, whether you have financial problems with your personal or professional life. Finding the right industry attorneys in Hawaii will provide you with all the solutions available and allow the process to become as hassle-free as possible. This is all you need prior to entering Hawaii Bankruptcy Court before consulting a...

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