The Law Offices of Blake Goodman PC recently changed their firm’s name to Blake Goodman, PC, Bankruptcy and Debt Settlement Attorneys. We are excited to announce that the Law Offices of Blake Goodman PC has officially changed the name of our full-service law firm to Blake Goodman, PC, Bankruptcy and Debt Settlement Attorneys. In changing our firm’s name, we...
Continue ReadingCreditors will sometimes reduce interest rates or temporarily suspend payments (commonly known as forbearance) while their customers get back on their feet. These accommodations can offer some relief, but they frequently do not provide a permanent solution to someone overwhelmed with debt. However, debt negotiation and settlement can offer a permanent solution to your debt troubles. How Does Debt Negotiation &...
Continue ReadingAs 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...
Continue ReadingWhat 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...
Continue ReadingCreditors 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...
Continue ReadingWhat 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....
Continue ReadingChapters 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...
Continue ReadingBankruptcy 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...
Continue ReadingCreditors 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...
Continue ReadingThere 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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