The Journey of Wynn 574

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File Bankruptcy In Honolulu Hawaii (2020 Guide)

Hawaii bankruptcy attorneys can be located by contacting your local or Hawaii state bar association's Legal Referral Service (LRS) and requesting a referral to an attorney who practices in the area of consumer bankruptcy law. This "means test" has become far more arduous, though, since the Internal Revenue Service has outlined the costs of living for Hawaiian households with, once again, virtually no wiggle room allowed the Hawaii judge actually studying the borrowers' financial budget, and, as consumers should presume, the IRS estimates are comically low compared to the realities of many debtor families who happen to live in the more expensive areas of Honolulu or Maui or other premium sites in Hawaii.
If the borrower does find that they still make more than the median earnings of Hawaiian residents, there's a slim chance that they could still convince the court trustee that (once all monthly utility bills, household expenses, and secured credit accounts are taken into consideration) they would be less than able to come up with one hundred dollars every month for a period of five years - six thousand dollars all told - and they may then be allowed Chapter 7 debt elimination.

The bankruptcy protections that generations of Hawaiian families have depended upon have changed, utterly, and borrowers concerned about their debts should not walk blindly into bankruptcy declarations (or, for that matter, pay the extravagant sums requested by reputable bankruptcy attorneys licensed in Hawaii) without a journey of discovery that takes into account all of the various debt relief alternatives blossoming in the absence of effective bankruptcy solutions.
When you file Chapter 13 bankruptcy in Honolulu, you have the option to "surrender" secured property and owe nothing on it. When you surrender property in a bankruptcy case, you will not incur the same tax liability that you might incur if you return property to a creditor outside of bankruptcy.

This heightened threat from the court system and the greater complexity of the paperwork involved with each sort of bankruptcy protection virtually demands the aid of reputable bankruptcy attorneys who have had a good deal of familiarity with both Hawaiian statutes and the national bankruptcy code.
The typical bankruptcy filer is a person already in fragile economic circumstances, often with large amounts of credit card debt, who then suddenly faces a spate of hard luck (loss of job, injury, divorce, uninsured medical expenses), resulting in mounting penalties and an unpayable amount of debt.
Credit reports are simply too important for ordinary Hawaiian consumers to disregard, and the FICO scores issued by the three primary credit bureaus (Equifax, TRW, and TransUnion) have a disproportionate effect upon Hawaiian families that some times barely understand the calculations involved.

Law firms that have confirmed to us that they are open during this time are marked "open for business" on their listing and profile. Don't get desperate and give your money to some debt consolidation company before you talk to me. Let my firm protect you with the full power of the Federal Bankruptcy Codes and Statutes.
Legal Aid Society of Hawaii staff are working harder to help our community through this challenging time. Dealing with the legalities of bankruptcy, credit reporting bureaucracy, and the tactics of collection agencies can be a daunting challenge, especially for ill-informed consumers.

Chapter 7 bankruptcy discharges most debts consumers have like credit cards, medical bills, deficiency balances for repossessed vehicles or foreclosures, unsecured loans, and garnishments. Based on what I've seen, vacation rental owners are better off and more profitable if they ignore Hawaii's laws and operate illegally.

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