We help many military service members in Hawaii and are familiar with their particular income, expense, and debt challenges. There are two favorable treatments that the law provides to service members in allowing them a free pass from being subjected to the famous “means test” that determines a presumption of abuse in filing for Chapter 7 bankruptcy. Congress parceled out...
Continue ReadingLike filing taxes, it is your choice whether you file an individual or a joint bankruptcy. There can be advantages and disadvantages. One of the advantages of only one spouse filing is that the bankruptcy will only be reported on that person’s credit report. So the non-filer’s credit won’t be affected. This can be a useful option if one...
Continue ReadingAn attorney can be your best advocate as you consider some form of financial relief if you’ve fallen behind on your bills or can’t keep up with your mortgage payments. In most cases, a lawyer will first review your financial information in order to establish just how dire the situation is before advising a path to set you back...
Continue ReadingPeople nowadays are in difficult financial situations due to unemployment, financial mishaps, hospital bills, or taxes they simply can’t pay. With a ruined credit, it’s hard to maintain family security. The first step is to actively get started in the bankruptcy process. With our Hawaii lawyer, it’s easy to get on the right track. There are several steps to...
Continue ReadingFeeling overwhelmed by debt? Struggling to keep up with your bills every month? If you’ve been thinking about hiring a lawyer for bankruptcy because you simply can’t continue to fall deeper into debt, you aren’t alone. You may be thinking, “If I can’t pay my bills, how will I ever pay for a Hawaii lawyer?” Fortunately, when you hire an attorney...
Continue ReadingMore people than ever are struggling with debt in today’s economy. If your bills are piling up, and you feel like you’re paddling furiously with no end in sight, it may be time to consider filing for bankruptcy in Hawaii. A Hawaii attorney can help you file the appropriate paperwork in order to get out from under your debts, but...
Continue ReadingAs you may have read during your research on Hawaii bankruptcy, there are two types of consumer bankruptcy in Hawaii, Chapter 7 and Chapter 13, and three factors that are used to determine which type is appropriate for you: income, assets, and debts. Chapter 7 Bankruptcy A Chapter 7 Hawaii bankruptcy is sometimes referred to as “straight” bankruptcy because...
Continue ReadingBy Consumer Bankruptcy News With Congress and the Supreme Court having approved what I would call criminal loan sharking, filings will start growing, and maybe not in a year, but in a couple of years, we might see filings as high or higher that they were before, notwithstanding the new bankruptcy law’s goal. Then take into consideration our present...
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