We’ve provided you with a whole range of information on bankruptcy, and how it can help you. Bankruptcy can be confusing, and it can be even more bewildering to sort through a whole range of posts on the subject, particularly if you’re not sure which apply to you. The top eleven posts on Hawaii-bankruptcy.com is a good place to start when looking for answers to your bankruptcy questions.
The crisis of student loan debt is on everyone’s mind these days. It is projected to be one of the most prominent issues for the next few years, taking center stage in the presidential election. This post is an update on some of the latest news out of Congress about bankruptcy and student loans. It discusses some of the common viewpoints in government today, and the most vocal proponents of each.
Having to file bankruptcy can be scary for a lot of people, to the point that no one likes to talk about it. As a result, most people don’t even know the basics of how and why to file, and what will happen when they do. This post is a quick description of the types of bankruptcy, and what you can expect with each. It also describes what you’ll need to do after you have filed. Each state has its own requirements in addition to federal requirements, such as credit counseling. This is a good place to start if you need to learn the basics.
Many people assume their credit is permanently ruined after filing for bankruptcy, and that they will not be able to get new credit cards or loans. However, it is possible to repair your credit and improve your score. In some cases, you may even be able to keep your credit cards after filing for bankruptcy. This post has some advice on how to apply for credit cards after bankruptcy, when to apply, and how to use them to repair your credit.
Many young people get into financial trouble early in their lives, and struggle with debt and credit as a result. You don’t have to wait to file for bankruptcy, though. This post discusses why you might want to file bankruptcy, and how to go about it. While those who are too young to legally be considered of age (18 or 21 in most states) should probably not file for bankruptcy, many younger people are considering it as an option. However, people in middle age, around 40 or 50, remain the most common age group to file for bankruptcy.
Bankruptcy is a complex, legal process. Not everyone is up to the challenge of navigating bankruptcy proceedings on their own. Are you detailed oriented, and do you understand completely the bankruptcy process? If not, then trying to file by yourself might not be the best idea. This post discusses why you might want to retain an attorney, and what advantages you’ll gain by doing so. It also discusses all the dangers that can arise from trying to work the process by yourself.
While bankruptcy can help people over their heads in debt, it should not be the first thing you do if you get in financial trouble. This post lists a few of the things to try before going to court. It also lists the steps you should take when you file for bankruptcy. Should you use your retirement funds to pay your debts? What sort of debts can be discharged in bankruptcy, and what debts cannot? This is a good place to start for some of that basic information.
Whether you know it or not, you often have some room to negotiate with credit card companies. Many will work with you if you find yourself in financial difficulties. One of the most common ways to improve your situation is to ask for a reduce interest rate. This post explains the information you should have before you contact your card company and how to navigate the process of asking for lower credit card interest rates. It also covers the basics of asking for debt management plans and other options if your credit card won’t lower your rate.
This post lays out the step-by-step process of filing for bankruptcy, starting with meeting with your lawyer to receiving the notice of your discharge of debts. It includes a description of the credit counseling that is required, the meeting with your creditors, and what to expect. Rather than a technical discussion of requirements and paperwork, it lays out the practical stages of bankruptcy, which is surprisingly straightforward.
Each state has its own requirements and bankruptcy process. This post describes the bankruptcy laws specific to Hawaii. It is one of a few states that offers an option to, rather than adhering to federal regulations, use the Hawaiian regulations for bankruptcy. Hawaii offers a greater range of exemptions, which means you could potentially keep more of your property when filing for Chapter 13 bankruptcy. When filing for Chapter 7 bankruptcy, more of your debts may be eliminated by bankruptcy. This post will inform you of some of these options.
Chapter 13 bankruptcy frequently offers more options for retaining property than Chapter 7. This post describes the specifics of this type of bankruptcy, and why it can be a better choice. Chapter 13 has the potential to stop foreclosure proceedings so that that you can keep your home. Chapter 13 bankruptcy also allows you to reschedule debts and extend the repayment time of some debts. This post describes that process and why it can be advantageous.
For a little over two years, the number of bankruptcies in Hawaii have been dropping steadily. However, that decline may have ended, as the most recent month’s numbers are holding steady. This post will tell what that means, and why the decline may have halted. Read this post for the latest news on bankruptcy in Hawaii, and what it means for the local economy.
All of these posts have important information for those considering filing for bankruptcy. Reading them will give you a good place to start when deciding whether bankruptcy is right for you, and how to start the process.