Hawaii Bankruptcy Lawyers

Chapter 7 Attorneys

Bankruptcy attorneys from the Affinity Law Group, LLLC in Hawaii explain the benefits of Chapter 7 bankruptcy and outline the scenarios where personal bankruptcy is likely the best solution. If you are facing financial difficulty, understanding your options will make you feel less overwhelmed. We can help you understand what Chapter 7 means and if the benefits are right for you.

Taking the first step and calling a bankruptcy attorney may be difficult for you. However, you should not feel embarrassed or overcome with anxiety. Many people are in a similar situation as you. Medical bills, a job loss, and a decrease in pay, can cause you to fall behind on your credit cards, bills, and mortgage.

Benefits of Chapter 7

The benefits of Chapter 7 by far outweigh the negative ramifications that filing for bankruptcy will have on your credit. However, you should discuss the changes in bankruptcy law and how they will affect your financial future before you start the bankruptcy process. Some benefits of Chapter 7 are:

  • Creditor calls will stop
  • Legal actions by creditors will end
  • Your medical bills will be discharged
  • Unsecured credit cards will be discharged
  • There will be no additional legal proceedings against you
  • Although a creditor counseling class is mandatory, it will help you align your goals for the future
  • Your wages will not be garnished

How Chapter 7 Works

As you can see, the benefits of Chapter 7 bankruptcy are immediate. Chapter 7 bankruptcy will give you a fresh start. You will turn over all of your non-exempt property to a trustee. The trustee will take your property, convert it to cash, and pay off your creditors. It may take approximately four months for your financial situation to clear.

What is not discharged under Chapter 7?

  • Child support
  • Criminal fines
  • Government fines
  • Mortgage
  • Spousal support
  • Student loans
  • Taxes

Call the Affinity Group if you are considering Chapter 7

Our Hawaii bankruptcy attorneys have helped people just like you deal with the financial options bankruptcy presents. Call the Affinity Group at 808.545.4600 to arrange for a free consultation to discuss your bankruptcy, or complete our help contact form.