CHAPTER 13 BANKRUPTCY LAWYER IN HONOLULU

HELPING YOU IMMEDIATELY ALLEVIATE FINANCIAL STRESS

Chapter 13 bankruptcy alleviates your stress by putting you on a reasonable repayment plan to pay off debt. This chapter is considered a reorganization of debt and is commonly used to assist a property owner in bringing a past-due mortgage current. Sometimes, it is used to protect an important asset that could be lost in other debt-relief options. The first step is to speak with a knowledgeable Honolulu Chapter 13 bankruptcy attorney. Donald L. Spafford, Jr., Attorney at Law has extensive experience helping clients make financial decisions that reward in terms of debt freedom. 

Let our Oahu bankruptcy law firm help you to move past the instability and stress of creditor harassment, home foreclosure warnings, and overwhelming debt, so you can focus on the more enjoyable aspects of life in beautiful Hawaii. Call (808) 698-6277 today to speak with a Chapter 13 lawyer near you.

Steps to File Chapter 13 in Hawaii 

The first step in filing for Chapter 13 bankruptcy is to organize your financial, tax, and employment documents, and retrieve any titles or deeds. Bringing this organized information to your first appointment with Mr. Spafford will expedite your process. Attorney Spafford can quickly review your information and financial history to determine if Chapter 13 bankruptcy is best for your situation.

If you decide to move forward with Chapter 13, you will then devise a payment plan with your bankruptcy attorney. The plan is based on your ability to pay and will be presented to creditors for approval. You must have a steady source of income and your plan must show creditors that they will be paid at least the amount they would have received if you filed under Chapter 7.

Donald L. Spafford, Jr., Attorney at Law is waiting to serve your needs and answer your financial questions. We understand how a difficult financial time can put a strain on the whole family. Let us take over the reins for a little while, and guide you efficiently and intelligently through filing Chapter 13 bankruptcy in Hawaii.

Affordable Bankruptcy Law Firm in Hawaii

You deserve a fresh start and we may be able to help you obtain that faster. Attorney Spafford Jr. in Honolulu is ready to assist you in reviewing your debt situation and providing relief options for an affordable price. Please contact us today at our Honolulu office for a free initial consultation. 

Understanding the Benefits of Chapter 13 Bankruptcy

Chapter 13 bankruptcy is not just a legal process; it’s a pathway to reclaiming your financial stability. Unlike Chapter 7, which liquidates assets, Chapter 13 allows you to keep your property while creating a manageable repayment plan. This option is particularly beneficial for individuals who have a steady income but are struggling with overwhelming debt.

Here are some key advantages of filing for Chapter 13 bankruptcy:

• Protection from Foreclosure: Chapter 13 can help you catch up on missed mortgage payments and prevent the loss of your home.
• Debt Consolidation: It allows you to consolidate your debts into one monthly payment, making it easier to manage your finances.
• Flexible Repayment Plans: You can propose a repayment plan that fits your financial situation, typically lasting three to five years.
• Reduction of Unsecured Debt: Some unsecured debts may be discharged, providing you with relief from overwhelming financial obligations.
• Protection from Creditors: Once you file, creditors must cease collection efforts, giving you peace of mind as you work through your financial recovery. 

At Donald L. Spafford, Jr., Attorney at Law, we understand that navigating bankruptcy can be daunting. Our experienced team of Honolulu Chapter 13 lawyers are here to guide you through the process, ensuring that you understand each step and make informed decisions about your financial future. Contact us today to learn how Chapter 13 bankruptcy can be the solution you need.

To schedule your appointment, please call us at (808) 698-6277 or fill out our online contact form. Our Honolulu Chapter 13 bankruptcy attorneys look forward to hearing from you.

FAQs About Chapter 13 Bankruptcy

Understanding Chapter 13 bankruptcy can be overwhelming, especially if it’s your first time considering this option. To help you navigate the process, we've compiled a list of frequently asked questions that address common concerns and misconceptions:

• What is Chapter 13 bankruptcy? Chapter 13 bankruptcy allows individuals with a regular income to create a repayment plan to pay back all or part of their debts over a period of three to five years.
• Will I lose my property if I file for Chapter 13? No, one of the advantages of Chapter 13 is that it allows you to keep your property while you repay your debts, as long as you adhere to the repayment plan.
• How does the repayment plan work? Your attorney will help you develop a repayment plan based on your income, expenses, and debts. This plan is then submitted to the court for approval.
• What types of debts can be included in Chapter 13? You can include most unsecured debts, such as credit card debt and medical bills, as well as secured debts, like mortgages and car loans.
• Can I file for Chapter 13 if I have already filed for bankruptcy in the past? Yes, you can file for Chapter 13 even if you have filed for bankruptcy before, but certain time restrictions apply.

For personalized answers to your specific situation, contact Donald L. Spafford, Jr., Attorney at Law. Our experienced team is here to guide you through every step of the Chapter 13 bankruptcy process, ensuring you have the support you need to regain control of your financial future.