Are there any assets that I will not be able to keep in bankruptcy?

In Hawaii, there are certain assets that are not protected during bankruptcy proceedings. These include luxury items, such as expensive jewelry, art, or cars, that were acquired within a few years of filing for bankruptcy. Additionally, cash advances or cash equivalent transactions that occurred within 90 days of filing for bankruptcy may not be protected. Other assets that may not be kept include any non-essential properties or assets, such as vacation homes or boats. Any debts incurred prior to filing may still be recoverable, such as alimony payments. Due to federal and state exemptions, there may be some assets that you can keep, such as your home, personal essentials, furniture, cars, and retirement accounts. Any payments made to creditors within the last 90 days may also be kept, if they are necessary for the support of you and your family. Additionally, any wages earned within the last 6 months may also be exempt from bankruptcy proceedings. Overall, the law in Hawaii generally allows you to keep certain assets during the bankruptcy process. However, it is important to keep in mind that any assets that are not protected by federal or state law may be sold off to pay back creditors. Ultimately, it is important to review your specific situation with an experienced attorney to ensure that all of your assets are fully protected.

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Are there any assets that I will not be able to keep in bankruptcy?

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