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 experienced Memphis, Tennessee attorney focused on helping individuals regain financial stability through bankruptcy law. Serving clients in and around Memphis, the firm provides guidance on Chapter 7 and Chapter 13 bankruptcy options under federal law, with a clear emphasis on securing the best possible outcome and a true fresh start. With Chapter 7 bankruptcy, the federal process is designed to relieve burdensome debts and provide relief from certain obligations. Depending on the case, examples of debts that may be eliminated can include credit card debt, medical bills, personal loans, certain judgments arising from car accidents, balances remaining on repossessed vehicles, and some types of income taxes. The law also allows exemptions—within limits set by federal law—so clients may protect certain property. Gregory J Wald Attorney at Law focuses on ensuring you claim the exemptions the law allows, helping you aim to keep key assets such as your home, car, household goods, and other belongings when eligible. If a debt is secured by a home or vehicle, the attorney can discuss options that may allow you to keep the property by continuing to make required payments, including the potential for reaffirmation of a mortgage or car loan. Chapter 13 bankruptcy offers a structured plan for partial repayment of debts. In this approach, debts may be consolidated into a repayment plan over a three to five year period, with no interest charges and repayment based on amounts that are reasonably affordable. Gregory J Wald Attorney at Law helps clients understand how a Chapter 13 plan works and supports them in building a path forward. For anyone in Memphis seeking knowledgeable legal guidance in bankruptcy, Gregory J Wald Attorney at Law offers focused, experienced representation aimed at helping you reduce financial burdens and move toward a fresh start.