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 Milwaukee, Wisconsin bankruptcy attorney providing legal guidance designed to help individuals regain financial stability with a fresh start. The firm focuses on two federal bankruptcy options commonly used in financial hardship situations: Chapter 7 and Chapter 13. Chapter 7 bankruptcy can provide relief from burdensome debts under federal law, helping you move forward after financial setbacks. It may be an option to eliminate certain debts such as credit card debt, medical bills, personal loans, some judgments arising from car accidents, balances remaining on repossessed vehicles, and certain types of income taxes. A key benefit is that many people do not lose property in Chapter 7, because the law allows exemptions that protect certain types and amounts of assets. Gregory J Wald Attorney at Law can help ensure you understand and take advantage of the exemptions allowed by law, including strategies that may help you keep a home or car when the property is collateralized—typically by continuing to make the required loan payments. The firm can also discuss options such as reaffirmation of a mortgage or car loan to support your ability to retain essential property. Chapter 13 bankruptcy is a repayment plan that allows partial repayment of debts over a three to five year period. It can provide a structured approach to consolidating debts and creating a plan based on what is reasonably affordable. Gregory J Wald Attorney at Law helps clients understand how Chapter 13 may work, including the general concept that there are no interest charges and that the plan does not require paying back a set percentage of debt. If you’re considering bankruptcy in Milwaukee, Gregory J Wald Attorney at Law offers experienced legal support with the goal of helping you keep what you can under the law—such as your home, car, household goods, and other belongings—while getting relief from overwhelming debt.