Can You Turn Your Chapter 7 Bankruptcy To Chapter 13?

If you’re thinking about filing for bankruptcy, one of the things you’ll need to do is find out whether you qualify for Chapter 7 or Chapter 13 bankruptcy. These two types of bankruptcy both have the same goal of paying off some of your debt while helping you find financial relief and setting you up for a fresh financial start. When moving to Chapter 13, the primary goal is to retain assets by repaying debts over time. As long as you adhere to the repayment plan, you can typically keep all your assets. Hawaii allows debtors to choose between federal and state exemptions. Consult Blake Goodman, PC, Attorney on the best path for your situation. Visit us at any of our convenient locations in Honolulu, Kaneohe, Aiea, and Maui.