Can I Keep My Home If I File Bankruptcy in Hawaii?

Hawaii’s homestead exemption allows most borrowers to keep $20,000 worth of equity in their homes. However, if the homeowner is a senior citizen that exemption rises to $30,000.
Homeowners may remain in their homes if they repay the mortgage according to the terms set by the bankruptcy court and they do not have significantly more equity in the property than that which is allowed by the homestead exemption law.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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