🌺 Can a bankruptcy trustee really take your Hawaii home — and sell your “slice of paradise” out from under you?

In this episode, Jason Wong (PB, MBA) — Principal Broker and founder of Island Dragonfly LLC — breaks down one of the most stressful questions in Hawaii real estate: what actually happens to your property when you file for bankruptcy in the islands.

Here’s what you’ll learn:
✅ How a Chapter 7 trustee hunts for “equity” — the cash value in your home — and why their job is to liquidate it for your creditors

✅ Why Hawaii’s Homestead Exemption is one of the stingiest in the nation (~$20,000 for an individual, ~$30,000 if you’re head of household or over 65) — compared to states like Florida

✅ A real-world Kakaakō condo example: $800K value, $500K mortgage, $300K equity… and the $270,000 “payday” a trustee could hand your creditors

✅ The “Get Out of Jail Free” cards that may protect you — including Hawaii’s Tenancy by the Entirety for married couples

✅ What happens when you co-own with family or a business partner (Section 363(h) and the dreaded forced sale)

✅ The single smartest strategic move: selling BEFORE you file — or during a Chapter 13 plan — so YOU control the price, not a trustee chasing a quick auction

⚖️ Important: Jason is a licensed Real Estate Broker, not an attorney. This video is educational and is not legal advice — you’ll always want a qualified bankruptcy attorney on your team. But once your lawyer gives you the green light to sell, you want a broker who fights to protect every penny of your equity.

Whether you’re a local homeowner facing tough times, an investor managing risk, or an overseas owner navigating Hawaii’s market from afar, the goal is the same: protect your equity, maximize your sale, and start your next chapter with confidence.

📲 Let’s build a strategy that protects your future.

Jason Wong (PB, MBA) — Principal Broker, Island Dragonfly LLC
Serving Oʻahu, Maui, Big Island, Kauaʻi, Molokaʻi & Lānaʻi

🌐 https://jasonwong.us
🌐 https://islanddragonfly.com

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