Honolulu Bankruptcy attorney Ed Magauran explains why a chapter 13 needs to be feasible.
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We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!
Honolulu Bankruptcy attorney Ed Magauran explains what happens to your tax return when filing bankruptcy.
Call us today at 808-585-1000 for a free no obligation consultation. Dump the debt and get a fresh start.
We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!
Honolulu Bankruptcy attorney Ed Magauran explains what can be done if your car is worth less than what is owed.
Call us today at 808-585-1000 for a free no obligation consultation. Dump the debt and get a fresh start.
We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!
Honolulu Bankruptcy attorney Ed Magauran explains what can be done if your house is worth less than what is owed.
Call us today at 808-585-1000 for a free no obligation consultation. Dump the debt and get a fresh start.
We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!
Honolulu Bankruptcy attorney Ed Magauran explains the co debtor stay.
Call us today at 808-585-1000 for a free no obligation consultation. Dump the debt and get a fresh start.
We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!
Honolulu Bankruptcy attorney Ed Magauran explains what happens when filing a Chapter 13 Bankruptcy.
Call us today at 808-585-1000 for a free no obligation consultation. Dump the debt and get a fresh start.
We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!
Honolulu Bankruptcy Attorney Ed Magauran explains what happens in a Chapter 7 Bankruptcy.
Call us today at 808-585-1000 for a free no obligation consultation. Dump the debt and get a fresh start.
We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!
Honolulu Bankruptcy Attorney Ed Magauran explains what a Bankruptcy Estate is.
Call us today at 808-585-1000 for a free no obligation consultation. Dump the debt and get a fresh start.
We file bankruptcies on all the Hawaiian Islands, Oahu, Big Island, Maui and Kauai. Find out what we can do for you today!
Honolulu bankruptcy attorney Ed Magauran talks about the benefit of knowing all your options. Call today for a free consultation! 808-585-1000 Its Free! What do you have to lose? Dump the debt.
The means test is a test that was added to the bankruptcy code in 2005. It was added by congress and signed off on by the President. It looks at the consumer filing bankruptcy’s income over the six month period prior to filing. The test compares that income to the median income in Hawaii for a household of the same size. If the consumer makes more than the median income for a household of the same size, with certain limitations, there is a presumption that the consumer should be in a Chapter 13 and not in a Chapter 7.
If one is significantly over the median income, the means test will come up with a projected monthly disposable income payable to one’s unsecured creditors. That disposable income will then be paid to one’s general unsecured creditors through the plan.
There are ways to file a Chapter 7 even if you are over the median income and get a finding that there is no presumption that that person should be in a Chapter 13. For example if the debt is primarily business debt, or if there is significant secured debt or priority unsecured debt.
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