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Navigating New Debt During Chapter 13 Bankruptcy: What You Need to Know

Understanding When & How You Can Take On New Debt While Managing Your Chapter 13 Repayment Plan Filing for Chapter 13 bankruptcy can be a helpful way to get out of overwhelming debt without losing your assets. Taking on new debt during your Chapter 13 plan is not recommended by any means, but there are some circumstances where you...

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Chapter 13 Bankruptcy Interest Rates: Understanding Their Potential Effects On Your Financial Future

How Interest Rates Impact Your Chapter 13 Bankruptcy in Hawaii Understanding Chapter 13 bankruptcy interest rates is essential for anyone considering this form of debt relief. Chapter 13 allows individuals to reorganize their debts into a manageable repayment plan, typically spanning three to five years. However, the interest rates applied to various debts during this period can significantly impact...

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| Read Time: 5 minutes | Bankruptcy

Understanding Chapter 13 Bankruptcy Discharge: What You Need To Know

Identifying Dischargeable Debts in Chapter 13 Bankruptcy Cases There are many aspects of bankruptcy, but the one many people have questions about is loan discharges. Once the bankruptcy process is completed, many of your debts may be discharged or wiped out. This allows you to begin your financial journey anew.  When thinking about discharging debts, the different types of...

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Use Impact of Bankruptcy On Future Employment Opportunities

Understanding The Impact Of Bankruptcy On Your Career: What You Need To Know The decision to file for bankruptcy can be a challenging one. It’s important to consider how it will impact your daily life. A concern many people have is whether or not it will affect employment. Will you lose your job when you file? Will you have...

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What Is Bankruptcy Fraud? Consequences & Penalties

Detailed Guide To Bankruptcy Fraud: Types, Legal Penalties & Prevention For some people or businesses, there may come a time in life where they are unable to pay their debts and will have to consider filing for bankruptcy. Filing for bankruptcy should never be taken lightly and it is wise to consult with a bankruptcy attorney to determine if...

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The Role Of Credit Counseling in a Bankruptcy Process

Analyzing How Credit Counseling Affects Chapter 7 & Chapter 13 Bankruptcy Results When struggling financially, filing for bankruptcy can be an option. It is wise to contact a bankruptcy attorney who will help you determine all of your options and whether Chapter 13 or Chapter 7 is right for you Filling for bankruptcy should not be taken lightly and...

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| Read Time: 4 minutes | Bankruptcy

Can I Buy a House After Filing For Bankruptcy?

Exploring Your Path To Homeownership Following Bankruptcy While buying a house is already a challenge, purchasing it after bankruptcy can feel even more daunting. But there’s good news! Homeownership is still achievable,  whether you filed Chapter 7 or Chapter 13 bankruptcy. In the next section, a bankruptcy lawyer will provide valuable insights and steps you can take to turn...

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