Hawaii Bankruptcy

Considering filing bankruptcy? Chapter 7 was created to eliminate debt and stop creditor harassment. Talk to a Hawaii bankruptcy attorney about your debt-relief options.

We can easily connect you with a Hawaii bankruptcy lawyer in your area. All you have to do is plug in your ZIP code below and fill out our free 2-minute bankruptcy evaluation form. Take charge of your debt and make the first move today.

Filing Chapter 7 Bankruptcy in Hawaii

If you’re from Honolulu, Maui or somewhere else in the state of Hawaii and are considering filingChapter 7 bankruptcy, you may be curious about Hawaii’s bankruptcy exemptions.

Speaking with a Hawaii Chapter 7 bankruptcy lawyer can be a great opportunity to find out which of your belongings may be exempt from Chapter 7 liquidation.

As your Hawaii Chapter 7 bankruptcy lawyer will probably tell you, Chapter 7 bankruptcy is often called liquidation. It is call this because the bankruptcy trustee may opt to liquidate or sell any of your property that is not exempt from liquidation to pay back any unsecured debts you may owe, such as credit card or medical bills.

You may be pleased when your local Hawaii Chapter 7 bankruptcy lawyer tells you that most people who file Chapter 7 bankruptcy do not own any property that is not exempt from liquidation. This means there is nothing for the bankruptcy trustee to liquidate and the debtor is able to keep all or most of their property.

Hawaii Bankruptcy Exemptions

If have considered filing Chapter 7 bankruptcy in Hawaii to discharge all of your unsecured debts and start fresh, you may first want to find out which and how much of your property may be exempt from liquidation.

The following information provides a brief introduction to Hawaii Chapter 7 exemptions. To get more detailed information and advice about exemptions, contact a Hawaii bankruptcy lawyer.

As your Hawaii bankruptcy lawyer can explain to you in more detail, important Chapter 7 bankruptcy exemptions in the state include:

Homestead:

• $30,000 exemption for heads of family, anyone older than 65-years-old.
• $20,000 for anyone else.
• Money paid from the sale of property is exempt for six months after the sale.

Wages:

• Wages, salaries, commissions and all other compensation due in the 31 days prior to the judgment.
• 95 percent of the first $100 earned in the first month after judgment.
• 90 percent of the next $100per month.
• 80 percent of all sums above $200 per month.

Vehicles: $2,575 exemption for equity in an automobile.

Personal Property:

• 100 percent of necessary household furnishings and appliances, books and clothes used by you and your family.
• Up to $1,000 of jewelry, watches and other items of personal adornment.
• 100 percent of all tools, equipment and furnishings used in a trade, business or profession.

Get a Hawaii Chapter 7 Bankruptcy Attorney in Your Corner

Hawaii Chapter 7 bankruptcy exemptions are specific. A Hawaii bankruptcy attorney can explain how they may be applied in your Chapter 7 bankruptcy case.

At Chapter7.com, we make getting in touch with a Hawaii Chapter 7 bankruptcy lawyer especially easy – simply fill out our free bankruptcy evaluation form or call us at 877-226-6844 and we’ll connect you with a local Hawaii Chapter 7 bankruptcy lawyer as soon as possible.

Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.

Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.