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 an attorneys practice serving clients throughout NY State. The firm focuses on helping individuals pursue a financial fresh start through bankruptcy solutions under federal law. For clients considering Chapter 7, Chapter 7 offers freedom from burdensome debts and the opportunity to reset finances. Depending on the situation, it may help eliminate certain debts such as credit card debts, medical bills, personal loans, some judgments arising from car accidents, balances remaining on repossessed vehicles, and some types of income taxes. The firm emphasizes that many people do not lose property in Chapter 7, because the law allows exemptions that protect certain types and amounts of assets from creditors. Gregory J Wald Attorney at Law works to ensure clients claim the exemptions the law allows and can help clients continue making payments to keep collateralized property like a home or car, including discussing options such as reaffirmation of a mortgage or car loan. For clients who need a structured repayment approach, the firm also handles Chapter 13, which creates a plan for partial repayment of debts. Chapter 13 can help consolidate debts and repay at least a portion over a three to five year period, with no interest charges, and without requiring full payoff of the principal. The plan is designed around what is reasonably affordable, and there is no set percentage of debt that must be paid back. Gregory J Wald Attorney at Law provides guidance throughout the process, with a goal of helping clients keep key assets when possible and relieve the burden of overwhelming debt.