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Gregory J. Wald, Attorney at Law, Bloomington, MN (2026)

03/04/2026

HOW OFTEN CAN YOU FILE BANKRUPTCY?

If you’ve filed bankruptcy in the past, how soon can you file again? How often can you file bankruptcy? Although there are no limits on how often you can file, there are time restrictions on how often you can get a discharge.

A knowledgeable Bloomington bankruptcy lawyer can evaluate your situation and help you decide what steps are best for you. Call Gregory J. Wald, Attorney At Law today.

For more details visit: https://bit.ly/3AtAzCg

11/06/2025

Bankruptcy Chapter 7 Means Test

Before you can file a bankruptcy case, you have to decide which type of bankruptcy best suits your needs. If you want to file Chapter 7 bankruptcy, you will probably have to take what we call the Bankruptcy Chapter 7 Means Test, a mathematical formula designed to determine if you can afford to make payments in a Chapter 13 case.

The Means Test is complicated. An experienced consumer bankruptcy lawyer like Gregory J. Wald knows how to maximize each step for your benefit. Contact him today for your free consultation.

For more details visit: https://bit.ly/3w8IZHt

10/08/2025

Unemployment and Passing the Chapter 7 Means Test

In order to qualify for Chapter 7 bankruptcy, you must take and pass the means test. This test basically examines the amount of income you received for the six months prior to your bankruptcy filing date. If that amount of income is lower than the median (average income of other similar households in your state), then you will qualify for Chapter 7 bankruptcy. So, if you’re unemployed and receiving unemployment, then there is a good chance that you’ll pass the test due to your reduced income.

If you were employed and received above the median income the six months before your bankruptcy filing, then you may still qualify via special circumstances. Simply indicating that you lost your job may sufficiently prove that you can no longer repay your debts.

If you are facing bankruptcy and unemployment, and you want to explore your options, then contact an experienced bankruptcy attorney by calling Gregory J. Wald Attorney At Law today.

For more details visit: https://bit.ly/46ILANx

08/11/2025

What Happens if You File Bankruptcy as a Senior Citizen?

If you’re a senior citizen considering bankruptcy, it’s essential to understand the possible consequences. Filing for bankruptcy can have a significant impact on your credit score. If you have poor credit, you may see your credit score go up quickly. If you have good credit, it may bring your credit score down. Bankruptcy can stay on your credit report for up to 10 years. However, there are steps that you can take to achieve a good credit score within about a year after bankruptcy.

Before you decide to file for bankruptcy, it’s essential to weigh the pros and cons carefully. Many people who file for bankruptcy have nothing to lose but their debts. However, you must understand the pros and cons of bankruptcy for your situation to decide what is best for you.

Before you decide on filing for bankruptcy, it’s essential to explore all of your options. There are many government assistance programs and other debt-relief options available to seniors. You should speak with a financial advisor or an experienced bankruptcy attorney to determine which choice is right for you.

Get a free case evaluation with us. We will determine whether filing for bankruptcy is the best option for you.

For more details visit: https://bit.ly/41zNRr9

05/15/2025

How to File for Chapter 7 or Chapter 13 Bankruptcy

There are two ways you may find yourself in bankruptcy. First, you may choose to declare bankruptcy of your own volition. Alternatively, your creditors may appeal to the local courts to order you into bankruptcy.

If you are filing of your own volition, the first step is to decide which of the options above is right for your needs. While a means test can help you understand whether or not you qualify, it may also be a good idea to reach out to an attorney as well. An expert can help you understand which of your debts can be discharged and which must be repaid.

A lawyer can also help you through the next steps for filing bankruptcy. This includes prompting you to take certain steps according to court deadlines, as well as helping you fill out documentation while avoiding common mistakes.

When you’re seeking bankruptcy, Gregory J. Wald has a wealth of experience helping clients navigate the Bloomington bankruptcy process. To move forward with less stress and overwhelm, contact us today to get the support you need.

For more details visit: https://bit.ly/44AEoSV

04/29/2025

WHEN IS FILING FOR PERSONAL BANKRUPTCY THE BEST OPTION?

Many people have heard about personal bankruptcy. Yet few people are aware of how common it is.

When you are faced with mounting debts, you should consider filing for personal bankruptcy. You need to assess your situation and get the facts, including how to file for bankruptcy. Once you do, you can have a smooth and fair legal process. Here is your quick guide on when to file for bankruptcy.

Filing for personal bankruptcy works for many people. It is best when you are facing substantial debts like personal loans and credit card payments. You don’t have to be behind in your payments to file bankruptcy.

Find someone with persistence and experience. Gregory Wald is a leading personal bankruptcy attorney in Bloomington. Contact us today

For more details visit: https://bit.ly/44ONgUX

03/13/2025

Bankruptcy Chapter 7 Means Test

Before you can file a bankruptcy case, you have to decide which type of bankruptcy best suits your needs. If you want to file Chapter 7 bankruptcy, you will probably have to take what we call the Bankruptcy Chapter 7 Means Test, a mathematical formula designed to determine if you can afford to make payments in a Chapter 13 case.

The Means Test is complicated. An experienced consumer bankruptcy lawyer like Gregory J. Wald knows how to maximize each step for your benefit. Contact him today for your free consultation.

For more details visit: https://bit.ly/3w8IZHt

02/07/2025

BLOOMINGTON CHAPTER 13 BANKRUPTCY ATTORNEY

Chapter 13 bankruptcy is another form of bankruptcy relief. Unlike Chapter 7, a Chapter 13 bankruptcy allows you to keep all of your property (may vary in certain situations) and pay back a portion, if not all, your debt over three to five years. Chapter 13 is an effective tool to handle certain types of debt or real property issues. Some of the reasons a Bloomington Chapter 7 bankruptcy attorney might recommend Chapter 13 bankruptcy include:

*Not all individuals will qualify for Chapter 7, so Chapter 13 might the only available relief.
*Chapter 13 can be an effective way to handle tax debt.
*Chapter 13 provides relief from mortgage or car loan arrears.
*Under special facts Chapter 13 is a mechanism to “lien strip” a wholly unsecured junior mortgage loan.

To learn more about Chapter 13 bankruptcy, schedule your free consultation with Bloomington Chapter 13 bankruptcy attorney Gregory J. Wald.

For more details visit: https://bit.ly/3ddkkHF

01/28/2025

The Bankruptcy Estate and Exemptions: What property can you keep?

The filing of your Petition creates a bankruptcy “estate.” The estate includes all your property listed in your Petition. However, there are exemptions that allow you to keep certain types of property up to certain values (that vary by state). In fact, claiming all your property as exempt will render your bankruptcy estate essentially worthless.

If you have property that exceeds the value allowed for exemptions, then the estate technically becomes the temporary legal owner of this property. The bankruptcy trustee oversees the estate property and has the ultimate say in how to handle the property.

There are exemptions, within certain limits, for your homestead, a vehicle, retirement accounts, jewelry, household goods, tools used in your trade, and other personal property, including bank accounts. Your bankruptcy attorney can help you better understand what you may be able to protect (exempt) in your bankruptcy.

Full consultation will help you understand and determine what property you will get to keep, whether you should sign a reaffirmation agreement, and which debts will be discharged. Schedule your consultation with Bloomington Chapter 7 bankruptcy attorney Gregory J. Wald by calling.

For more details visit: https://bit.ly/4ggz09F

01/16/2025

Why You Need to Hire a Minnesota Bankruptcy Lawyer to Handle a Chapter 13 Bankruptcy

Filing for bankruptcy can be a complex and overwhelming process, especially when considering Chapter 13 bankruptcy. This type of bankruptcy, also known as a wage earner’s plan, allows individuals with regular income to develop a plan to repay all or part of their debts. While it offers many advantages, navigating the legal intricacies of Chapter 13 bankruptcy requires specialized knowledge and experience. This is where hiring a Minnesota (MN) bankruptcy lawyer becomes crucial.

Hiring a MN bankruptcy lawyer to handle your Chapter 13 bankruptcy is a critical step in ensuring the success of your case. From understanding complex legal requirements and developing a feasible repayment plan to providing protection from creditor harassment and ongoing support, a bankruptcy lawyer offers invaluable assistance throughout the bankruptcy process. By enlisting the help of a skilled and experienced attorney, you can navigate the complexities of Chapter 13 bankruptcy with confidence and achieve the financial relief and stability you deserve.

For more details visit: https://bit.ly/3DYc0Pd

01/08/2025

How Often Can I File Bankruptcy?

When a person has filed bankruptcy in the past, they may want to know how long they must wait to file bankruptcy again. If a person has filed a Chapter 7 bankruptcy petition and received a discharge of their debts, they must wait 8 years before they can file another Chapter 7 petition. However, the waiting period to receive a discharge in a Chapter 13 case after a previous Chapter 7 case is only 4 years. Sometimes unfortunate circumstances create a need for a second bankruptcy in less than 4 years after the filing of a Chapter 7 case. You can file a Chapter 13 case less than 4 years after filing a Chapter 7 case and receive court protection from your creditors, but you won’t receive a discharge of your debts. It sometimes makes sense to file such a case to prevent foreclosure of a residence or to receive court protection from creditors.

The waiting period to file a Chapter 13 case after a previous Chapter 13 case is only two years from filing date to filing date. Since the typical Chapter 13 case lasts for three years, there is rarely any waiting period for filing a Chapter 13 case after a previous Chapter 13 case. The waiting period to file a Chapter 7 petition after a Chapter 13 petition is 6 years.

A knowledgeable Bloomington bankruptcy lawyer can evaluate your situation and help you decide what steps are best for you. Call Gregory J. Wald, Attorney At Law today.

For more details visit: https://bit.ly/3Psi312

Gregory J. Wald, Attorney at Law

03/04/2026

11/06/2025

10/08/2025

08/11/2025

05/15/2025

04/29/2025

03/13/2025

02/07/2025

01/28/2025

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