Can I file for bankruptcy if I'm unemployed?

Yes, you can file for bankruptcy if you are unemployed in the state of Hawaii. According to Hawaii bankruptcy laws, you can file for Chapter 7 or Chapter 13 bankruptcy even if you are not employed. The primary difference between the two is that Chapter 7 liquidates your assets to pay your creditors, while Chapter 13 helps you create a repayment plan to pay off your debts over a period of time. The first step in filing for bankruptcy in Hawaii is to determine which type of bankruptcy is best for you. This decision is based on your income, assets, debts, and other financial obligations. If you are unemployed and have no income or few assets, you may qualify for Chapter 7 bankruptcy. This chapter allows you to have debt discharged without having to make any payments. However, if you have some income or a steady job, you may qualify for Chapter 13 bankruptcy. This chapter allows you to keep your assets. You will create a repayment plan to pay off your debts over a period of three to five years. During this time, your creditors will not be able to contact you regarding your debt. No matter what type of bankruptcy you file for in Hawaii, you must attend credit counseling and receive a certificate before you can file. Additionally, make sure to work with a qualified bankruptcy attorney for guidance and support through the process.

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Can I file for bankruptcy if I'm unemployed?

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