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Bankruptcy Exemptions

Your path to financial freedom starts here. Get in touch with the experienced bankruptcy attorneys at the Law Offices of Blake Goodman today to explore your options.

Maui Bankruptcy Exemptions

Contact The Law Offices of Blake Goodman PC Today

When it comes to bankruptcy you need to understand that it is not the end of the world like many people assume. Bankruptcy was created to help you, not hurt you! By utilizing the power of the Bankruptcy Code, our clients keep most of their personal property by claiming bankruptcy exemptions which protect their assets from creditors. Our experienced bankruptcy attorneys can help explain the different exemptions, apply them to your property, and protect your assets!

If your income can’t cover your bills, then filing for bankruptcy fill help you gain control over your finances. Every person deserves a fresh start and filing for bankruptcy give you this opportunity. We know that filing for bankruptcy on Maui can seem difficult. But we’re here to help you understand the process, make things go as smooth as possible, and help you gain the benefits of a fresh start.

Bankruptcy Exemptions to Protect Property in Maui

  • $25,150 of equity in your principal place of residence (homestead exemption).
  • $4,000 for equity in a motor vehicle.
  • $1,700 for jewelry.
  • $625 per individual item with a $13,400 aggregate value limit on household goods, furnishings, appliances, clothes, books, animals, crops, and musical instruments.
  • $2,525 for tools of the trade including implements and books.
  • $13,400 in loan value, accrued dividends, or interest in a life insurance policy.
  • 401k plans and IRAs and Roth IRAs (up to $1,362,800).
  • $1,325 plus $12,575 of any unused portion of the homestead exemption to apply as the Wildcard exemption for any property you like.
  • Spousal support, child support, life insurance payments needed for support, all Social Security benefits, unemployment benefits, veteran’s benefits, public assistance, and disability benefits are also exempt.

To set up a free case consultation with of our attorneys, please call (808) 518-4844 today.

Contact Our Maui Bankruptcy Team for Assistance

Understanding how to file for bankruptcy on your own and what exemptions you may qualify for can be complicated if you aren’t familiar with the law. That is why you need someone there who will have your best interests in mind throughout the filing process of bankruptcy. Bankruptcy is not something that should be handled alone. With representation from the Law Offices of Blake Goodman PC, you can make sure that you are receiving the kind of bankruptcy that you deserve. One that may hopefully lead to no losses.

If You Have Questions,
We Have Answers

Bankruptcy can be difficult to navigate, but our team is ready to help guide you. Read our frequently asked questions or reach out to us directly to schedule a free consultation for more information.

We Get Results

Reviews & Endorsements
  • “Blake Goodman provided professional and outstanding legal advice.”

    - Moune Romano
  • “They worked with me every step of the way.”

    - Randi Brown
  • “You and your staff consistently made extra efforts in assisting me with my bankruptcy case.”

    - Phetsamone Vuong
  • “His hard work, diligence, meticulous attention to detail, and dedication to his practice reflect great credit upon himself, his practice, his staff, and the law profession in the State of Hawaii.”

    - Ben Pascua
  • “I’m very grateful to Mr. Goodman for the effort and patience he had with me and my daughter. I appreciate it. As for his staff members, they are very kind.”

    - Martha Aki
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Hawaii's Largest Bankruptcy Filers Get the Fresh Start You Deserve

Embarking on your journey to financial freedom is easy! Reach out to our team today by giving our office a call or filling out the online form.