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Hawaii Bankruptcy Consultation
Have your finances taken a negative turn on you? Does it feel like nothing you do can be fixed and everything is just falling apart around you? Debt collectors won’t stop calling. You have no idea how you are going to pay for everything. Do you use your next paycheck on paying off those debts or do you use it on paying for groceries? These are decisions you shouldn’t have to make in your life without proper bankruptcy consultation. This also is a situation that you may be able to escape. Bankruptcy. This may sound like a bad word to you, but bankruptcy is something that has been painted as evil and inescapable. In reality, it’s an opportunity to start over. To wipe your debt clean and renew your life. At Blake Goodman, we offer bankruptcy consultation in Oahu HI to look at your financial situation and decide if Bankruptcy is right for you. Do you already know it’s time for bankruptcy? Then we can help you through that process. We understand that finding a bankruptcy lawyer in Hawaii can be difficult and that’s why we are here to help.
Bankruptcy Consultation & Services
Many people wait too long to receive a consultation for bankruptcy because they feel embarrassment over admitting that their finances are out of control. This embarrassment leads to them not only continuing their way down what can feel like an inescapable path, but try and hide it. It’s important to know that a consultation is merely that. A bankruptcy consultation. It is not locking anything into stone and if through our consultation we find out that you can find a way out of your debts without taking the bankruptcy route then we can explore that.
This can’t happen without doing proper consultation first and that requires spending time going over your finances, looking into your debts, and really digging into how deep in the how you are.Through bankruptcy consultation, we can dig into your financial situation and see how we can solve it.
Sometimes this will mean accepting that bankruptcy is the only way out of your situation, but you can look towards the future and know that even with bankruptcy it doesn’t have to mean your life is over. At Blake Goodman, we will lead you through a bankruptcy consultation process so we can see what next steps you should take and what is maybe the next path for you to take in terms of your bankruptcy.
Let’s Analyze Your Finances
What led you to being in your current financial situation? Was it because of unpaid credit cards, did you lose your job and you couldn’t continue making payments on your mortgage, did a medical expense send you into massive debt, or maybe your business that you were pouring tons of your own money into had to close. We can analyze your finances and see where there is room for recovery. Sometimes it involves a lifestyle change while other times it may involve liquidizing everything and starting over. At Blake Goodman, we can help you through this and find out what bankruptcy path is the one you are going to end up taking.
Chapter 7 Bankruptcy
The most common form of bankruptcy is Chapter 7. It is the ultimate reset card. When you are in Chapter 7 Bankruptcy you have to forfeit many of your possessions in order to pay off debts. This can include items like houses or cars if you have more than one. After surrendering these items your debts are wiped away and you are given a second chance, but it comes with a heavy catch of that bankruptcy being on your credit report for at least seven years. Over that seven year period, you can work to build your credit back up through better living and avoiding going back into debt.
You may be wondering what happens exactly during Chapter 7 bankruptcy, and that’s okay. To explain, the automatic stay may be a feature of bankruptcy law that goes into effect right away upon submitting a petition. This forces creditors to prevent all assortment actions (like foreclosures, repossessions, garnishments, and evictions) against the actual debtor. Throughout this method, the gathering and distribution of assets will occur in line with a good and orderly methodology as per the Bankruptcy Code. Overall, filing Chapter 7 bankruptcy can provide you with the time to review your best choices with our bankruptcy consultation.
Individual debtors are entitled to stay bound assets free from the claims of creditors, below federal or state exemption laws. Typical exemptions are the homestead exemption (equity in personal residence), money worth of insurance policies, social unit furnishings, clothing, and wages. Tools utilized in the debtor’s job are protected. The overall number of the exemption depends on whether or not federal or state exemptions are obtainable and or used. At Blake Goodman, we can help represent you throughout this entire process and maybe even keep you from having to make court appearances with bankruptcy consulting. Everything will be handled on our end so you can, to your best ability, live your life.
Chapter 13 Bankruptcy
With Chapter 13 bankruptcy there is an expectation that, if given time, you can pay off the debts that are attached to your name. When experiencing Chapter 13 you are given the opportunity to restructure or re-organize your debt. Before you can apply for Chapter 13 bankruptcy you first must qualify for it. You will need to have regular income, unsecured debts of less than $419,275 and secured debts of less than $1,257,850 (this amount is usually increased every three years according to a set formula).
Within all chapter 13 cases, there is usually a trustee appointed but their role is much more limited than their role within a Chapter 7 case. However, the small business debtor is actually allowed to continue their business. A debtor just receives a discharge when the debtor has completed all payments under the plan, when it comes to Chapter 13. When a discharge occurs in bankruptcy, it generally means that a debtor’s obligations are completely wiped out or erased. A granted discharge is when it protects the debtor in question from personal liability on the discharged debt. However, a discharge is only available to those for certain types of debt.
Our firm has never seen a debtor successfully represent themselves under Chapter 13’s complex mandates without the assistance of bankruptcy services and consulting. We have seen plenty of mistakes and issues without a proper representative assisting. We always strongly suggest to contact to contact and receive a consultation from an experienced Hawaii bankruptcy attorney that understands how to get through Chapter 13 law. At Blake Goodman, we can go through this process with you and see if you qualify for Chapter 13 bankruptcy or if you need something like Chapter 7 bankruptcy instead. Our consultation process involves seeking out what is the right option for you.
If You Need Bankruptcy Consultation Then Call Blake Goodman
Are you in need of a bankruptcy consultation? If you feel like you have nowhere else to go then give us a call at Blake Goodman. We can set up a consultation appointment so you can see what the best option for you is.
We have a large professional staff, with over 54 years of combined experience. We aim that our staff always have the feeling of family, and we would like to expand that feeling to our clients as well. We have currently three attorneys and four paralegals to serve you and your needs for bankruptcy consulting. Our overall goal is to ensure that you are given professional, caring, and personal attention to each and everyone we work with. We even provide flexible payment options. We fully understand that most of our clients can find it difficult to pay the full fee upfront. With just $100, you can surely retain our amazing services and we can answer any questions you may have for us. In addition, we can start handling all those annoying creditor calls that may be coming your way. In time, payments can be made and once your fee is fully paid, we can always move forwards with a new fresh new start.
It’s important to remember that this isn’t the end of the world. Bankruptcy can make you feel like nothing is ever going to improve in life, but that just isn’t true. It’s in reality a chance to reset and get another chance at financial success. At Blake Goodman, we understand that and we want to help you through this process so it can be as painless as possible.
Not On This Island? Come See Our Other Offices!
At Blake Goodman, we have offices in not just O’ahu, but on Maui as well. We strive to serve the entirety of Hawaii to our best and full ability so there is nobody that is left out of the opportunity to pursue help in their life.
If you are in need of bankruptcy coverage in Maui then check out the website for our Maui offices at DebtfreeMaui.com. We will continue to provide the best services possible to you no matter the location.