Blake Goodman›
5.0 126 reviews
“Jennifer, Dora, James and the rest of the firm, continue to be the support needed to get us through the Bankruptcy process seamlessly.”
FAQs
How much debt is enough to file for bankruptcy?
Some people are filing bankruptcy with 6-figure debts, and some file owing less than $10,000. It all depends on the individual circumstances. Ten thousand dollars is a lot of debt to a lot of people, especially when their wages are about to be garnished (taking 25% of your net pay), bank accounts levied upon, and/or other property is on the verge of being seized by creditors.
What types of bankruptcy are there?
Primarily as it relates to typical individuals and small businesses in Hawaii, there are 2 chapters of the bankruptcy code: Chapter 7 (liquidation of your debts) and Chapter 13 (formulating a plan to repay your debts over 3 to 5 years).
Can tax debt ever be discharged?
Yes, we do it all the time, and consider ourselves one of the most-versed bankruptcy law firms in Hawaii at discharging tax debts in bankruptcy. There are a few rules that need to line up, and it can sound complicated, but tax debts, especially older than 3 years, are not really a big problem to eliminate.
Other questions that you might have are answered on the FAQ page of our website.
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