Foster Law Offices strives to provide clients with exceptional service and the efficient resolution to legal matters related to consumer and business debt. We represent clients of all types. From large institutional clients, to bankruptcy trustees and receivers to individuals struggling with mortgage, credit card, business and most other types of debt, our bankruptcy practice offers debt solutions to clients seeking liquidation or reorganization as well as clients seeking to sell or purchase real property or other valuable assets in a Chapter 11 or Chapter 7 bankruptcy case.
Consumer Bankruptcy
A consumer bankruptcy involves bankruptcy cases where more than 50% of a client’s debt is NOT related to business or investments. Consumer bankruptcy cases involve debts such as a mortgage on a primary residence, credit cards, auto loans, medical bills, taxes, and collections. Most consumer bankruptcy cases are filed as Chapter 7 cases. Although a Chapter 7 bankruptcy is sometimes referred to as a “liquidation bankruptcy,” very few Chapter 7 cases involve any liquidation (sale) of a client’s assets.
When filing a Chapter 7, clients are required to disclose personal information such as name, address, social security number, business tax identification number(s), as well as assets, income, expenses and debt as of the date of the bankruptcy filing. Clients must also disclose various other information on the “Statement of Financial Affairs” section of the bankruptcy case.
In addition to disclosing information, Clients are required to complete two credit counseling courses. The first course is taken prior to the Chapter 7 filing and a second course must be completed after filing but prior to discharge. Most credit counseling classes can be completed online.
Click below to read a brief summary of each step in the bankruptcy process:
What is Chapter 13 Bankruptcy?
A Chapter 13 bankruptcy is typically utilized by a home owner who has fallen behind on mortgage payments or an individual whose income is too high to qualify for Chapter 7.A bankruptcy filed under Chapter 13 is designed for people with regular income who want to or can pay their debts but are presently unable to do so. A Chapter 13 bankruptcy enables the debtor, under court supervision and protection, to propose and carry out a plan for repaying creditors over an extended period of time. The importance of working with an experienced Kona bankruptcy attorney, or Hawaii bankruptcy lawyer familiar with all of the details of Chapter 13 bankruptcy in the State of Hawaii cannot be overstated. It has to be done right the first time. If you have any questions about filing bankruptcy in Kona, the Big Island, or the state of Hawaii, please contact us so we can set up a free consultation for you with one of our Big Island bankruptcy lawyers. You will be glad you did.
How Foster Law Offices Can Help You:
At Foster Law Offices, we are an experienced, friendly and compassionate Seattle consumer bankruptcy practice that is dedicated to protecting our client’s assets and legal rights while eliminating or restructuring debt. As a federally-designated “debt relief agency,” we have assisted a wide range of clients facing debt-related problems such as:
- Credit Cards
- Medical Bills
- Mortgage Delinquencies
- Home Foreclosures
- Lawsuits
- Garnishments
- Payday Loans
- Auto Repossessions
Our services include client-focused representation of individuals and businesses in Chapter 7, Chapter 13, as well as foreclosure and mortgage counseling and out-of-court (non-bankruptcy) settlements of credit card, medical, business bankruptcy and other debt.
We offer low, flat-rate fees for bankruptcy case preparation and a free initial consultation to discuss your best option when facing debt and credit problems.
You can rest-assured that we will listen carefully to your situation and offer friendly and non-judgmental legal advice and counsel tailored to solve your individual needs. We welcome your inquiries and questions regarding our real estate practice. To contact us, please complete the Quick Contact Form or feel free to call us at (808) 348-7800.