Are there any assets that I will be required to sell when filing for bankruptcy?

When filing for bankruptcy in Hawaii, there are certain assets that are required to be sold in order to pay off the debt. Those assets are deemed non-exempt, meaning they cannot be protected from creditors. Examples of non-exempt assets include real estate (including investment properties), vehicles, jewelry, and collections such as antiques and artwork. In addition, some of your possessions such as clothing, furniture, and household items may be considered excess assets that are to be sold to pay off your debt. Anything that is considered excess or non-exempt will be sold at a bankruptcy auction, and the proceeds from the sale will go towards paying off your creditors. If you have a lot of assets that are not exempt, it is important to speak to a bankruptcy attorney in Hawaii to ensure that all of your assets are adequately protected. It is also important to seek legal counsel to ensure that you are following all the laws and regulations in regards to filing for bankruptcy in Hawaii.

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Are there any assets that I will be required to sell when filing for bankruptcy?

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