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 Tampa, Florida attorney providing legal guidance for individuals facing overwhelming debt, with a focus on bankruptcy options designed to help you move toward a fresh financial start. The firm handles Chapter 7 bankruptcy, a federal process that can provide relief from burdensome debts and offer a “fresh start” by eliminating certain qualifying obligations. Examples of debts that may be eliminated in Chapter 7 include credit card debt, medical bills, personal loans, judgments arising from car accidents, balances remaining on repossessed vehicles, and some types of income taxes. Importantly, many people do not lose property in Chapter 7, because the law allows exemptions that protect certain types and amounts of property from creditors. Gregory J Wald Attorney at Law can help you understand and apply exemptions and work to ensure you receive the full benefit allowed by law. When a debt is secured by a home or vehicle, clients may be able to keep the property by continuing to make required loan payments, and the attorney can also discuss reaffirmation of mortgage or car loans. The firm also represents clients seeking Chapter 13 bankruptcy, which provides a structured repayment plan to consolidate debts and repay at least a portion over a three to five year period. Chapter 13 is designed to be based on what is reasonably affordable, with no interest charges and without requiring the principal to be paid in full. For anyone considering bankruptcy in the Tampa area, Gregory J Wald Attorney at Law emphasizes experienced legal guidance to help you keep important assets where possible and address burdensome debt under the protections of federal bankruptcy law.