How Bankruptcy Works on Maui

Let Us Help You Take Back Your Life Today

Are you wondering if bankruptcy is the right option for you? If so, do not be afraid to schedule an appointment with our seasoned lawyers at Blake Goodman, PC, Attorney on Maui. We are here to help explain what filing for bankruptcy in Maui is like and why it may or may not be your best option. If you suddenly find yourself without a job, with unexpected medical bills, or struggling under an impossible debt load, please contact us so our Maui bankruptcy attorneys can help provide a chance for a fresh start.

Our law firm is committed to helping clients take back their lives and gain financial freedom, so please call (808) 725-2071 today for qualified assistance from one of the largest bankruptcy filers in the state.

Filing for Chapter 7 Bankruptcy in Maui

Chapter 7 bankruptcy, also called “straight” bankruptcy, can cancel most of your debts. The Chapter 7 bankruptcy process generally takes about three to four months to complete. Most Chapter 7 cases only require one trip to the courthouse. Another major benefit of filing for bankruptcy is that it will immediately alert your creditors to stop trying to collect what you owe them once the automatic stay feature of bankruptcy law goes into effect. Filing for Chapter 7 bankruptcy can give you extra time to review your options with a knowledgeable attorney to determine the best course of action for resolving your debt issues.

Filing for Chapter 13 Bankruptcy in Maui

Under a Chapter 13 bankruptcy, you can discharge most of your debts by paying all or a portion of them with a court-approved payment plan over a 3 to 5-year period. Similar to filing Chapter 7, Chapter 13 bankruptcy immediately stops your creditors from taking further action against you, such as foreclosure, repossession, garnishment, and eviction.

To file for Chapter 13 bankruptcy, you fill out a packet of forms listing all your money, property, expenses, debts, and income. You then file them with the bankruptcy court. Additionally, you must file a workable plan with the court to repay your debts. Generally, you have to make payments directly to a bankruptcy trustee who in turn distributes the money to your creditors.