What is chapter 7 bankruptcy in Hawaii?

Chapter 7 is a “straight” or “liquidation” bankruptcy.

Filing for and completion of a Chapter 7 bankruptcy takes on average 4 to 6 months. We gather the required information of your assets, debts, income, and expenses and provide them to the Court in the reuired format.

After filing most people can exempt or keep all of their assets and still dump the debt.

Once you have filed for Chapter 7 bankruptcy, the Court issues an “Order of Relief.” This Order stays or stops most, if not all, creditors from try to collect debts from you. This is a huge releif.  Filing and the order for relief stops all lawsuits, garnishments, foreclosures, and executions.  During the Chapter 7 bankruptcy, the court and the court appointed trustee are in control of your assets and debts so you should not sell or transfer them without prior approval.  At the end of the case you receive your discharge of your debts.

What debts can I eliminate?

When your Chapter 7 bankruptcy case has been discharged most of your debts are dumped- forever. Some debts which are not discharged are some tax debts, student Loans, child support and alimony. Another type of non dischargeable debts are those incurred by fraud.

Can I file 2 bankruptcies?

AFter a chapter 7 you can not file anonther chapter 7 for 8 years.  You can, however, file a Chapter 13 2 years after a the filing of a chapter 7.

Don’t go it alone- Get the advice you need!

Call us today at 808-585-1000 for a free no obligation consultation.

Dump the debt and get a fresh start.

We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!