Gregory J Wald Attorney at Law

Types of Bankruptcy Chapter 7 Chapter 7 is a federal law that gives you freedom from burdensome debts and a fresh start in your finances Some examples of debts that may be eliminated include credit card debts medical bills personal loans judgments arising from car accidents balances remaining on repossessed vehicles and some types of income taxes Most people do not lose any of their property in Chapter 7 bankruptcy The law allows us to exempt certain types and amounts of property from creditors so that you have a true fresh start We can make sure that you exempt everything that the law allows If a debt is collateralized by your home or car you can usually keep the property by continuing to make the loan payments We can also arrange for reaffirmation of the mortgage or car loan To get the full benefit of your bankruptcy you need the guidance of an experienced bankruptcy lawyer Our goal is for you to keep your home car household goods and other belongings and get rid of your burdensome debt Chapter 13 Chapter 13 is a plan for partial repayment of debts Chapter 13 allows you to consolidate your debts and repay at least a portion of the debt over a three to five year period There are

Gregory J Wald Attorney at Law is a bankruptcy-focused legal practice serving individuals seeking a fresh financial start through the federal bankruptcy process. The firm’s experience centers on helping clients understand and choose between Chapter 7 and Chapter 13 bankruptcy, including how exemptions may protect certain property so you can move forward with less burden. In Chapter 7 bankruptcy, the goal is freedom from burdensome debts and a fresh start in your finances. Chapter 7 may eliminate certain debts such as credit card debts, medical bills, personal loans, judgments arising from car accidents, remaining balances on repossessed vehicles, and some types of income taxes. Many people do not lose property in Chapter 7 because the law allows exemptions for certain types and amounts of property. Gregory J Wald Attorney at Law works to ensure you receive the exemptions the law allows, including guidance on scenarios where debts are collateralized by a home or car—often involving continued loan payments to keep the property. The firm can also discuss options such as reaffirmation of a mortgage or car loan when appropriate. For those seeking a structured repayment approach, Chapter 13 provides a plan for partial repayment of debts. This option can allow clients to consolidate debts and repay at least a portion over a three to five year period, paying amounts that are reasonably affordable. Gregory J Wald Attorney at Law helps clients evaluate Chapter 13 in a way that supports a realistic path to regaining financial stability. If you’re exploring bankruptcy options, an experienced attorney’s guidance can help you understand your choices, protect available assets through exemptions, and pursue the benefits of bankruptcy with clarity and confidence.