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 provides experienced legal help for individuals in Minneapolis, Minnesota who are looking for relief from overwhelming debt. The firm’s bankruptcy guidance focuses on helping clients understand their options and pursue a fresh start under federal bankruptcy law. For clients considering Chapter 7 bankruptcy, Gregory J Wald Attorney at Law helps explain how the process can provide freedom from burdensome debts and support a financial reset. Chapter 7 may help eliminate certain unsecured debts such as credit card balances, medical bills, personal loans, and some judgments, as well as some types of income taxes. The firm also emphasizes that many people do not lose property in Chapter 7 because the law allows exemptions that protect qualifying assets. When a debt is tied to collateral like a home or car, clients may be able to keep the property by continuing loan payments, and the attorney can discuss related steps such as reaffirmation of a mortgage or car loan. The goal is to help clients keep essential property—such as a home, car, household goods, and other belongings—while getting rid of burdensome debt through the process. For clients who may benefit from repayment planning, the firm also assists with Chapter 13 bankruptcy. Chapter 13 creates a plan for partial repayment of debts over a three to five year period. Gregory J Wald Attorney at Law can help clients consolidate debts and work toward an affordable repayment amount, with no interest charges and no requirement that the full principal be paid in every case. The attorney focuses on helping clients navigate the plan in a way that supports realistic, long-term progress. If you’re in Minneapolis and need clear, practical bankruptcy guidance, Gregory J Wald Attorney at Law works to ensure you receive the benefits the law allows with experienced support throughout your case.