Wayne Greenwald, P.C.

Wayne Greenwald, P.C. Wayne Greenwald, P.C., offers creative solutions to debt and business problems.

Debtors, creditors, trustees, investors, landlords and other interested parties in debtor-creditor matters. Debtors, creditors, trustees, investors, landlords and other interested parties in debtor-creditor matters have relied on us to provide effective solutions to complex legal and financial challenges. We are an innovative debtor-creditor practice, offering a unique knowledge of the interplay b

etween bankruptcy and commercial, business, domestic, criminal problems, and other interrelated legal issues.

Avoiding Clouds on Homestead Exemptions – We represent a debtor with a substantially younger, non-debtor spouse and equi...
05/25/2026

Avoiding Clouds on Homestead Exemptions – We represent a debtor with a substantially younger, non-debtor spouse and equity in their home, exceeding the debtor’s homestead exemption. The home is owned as tenants in the entireties. This means that the surviving spouse inherits the property free and clear of the deceased spouse’s creditors. The spouse’s youth dissuaded the chapter 7 trustee from trying to sell the home free and clear of both owner’s interests.

Learn more here: https://www.bankruptcystrategies.com/avoiding-clouds-on-homestead-exemptions/

Diligence and Discharge – Bankruptcy relief is not a sign of failure. It expresses hope. There is life after bankruptcy....
05/19/2026

Diligence and Discharge – Bankruptcy relief is not a sign of failure. It expresses hope. There is life after bankruptcy. Potentially, a better life. Bankruptcy discharges are “fresh starts” for individuals to build futures, where their pasts are not repairable.

Learn more here: https://www.bankruptcystrategies.com/diligence-and-discharge/

Timing Subchapter V And Entrepreneur Rescue – Individual chapter 11 reorganization cases often play a role in Entreprene...
04/27/2026

Timing Subchapter V And Entrepreneur Rescue – Individual chapter 11 reorganization cases often play a role in Entrepreneur Rescue.= The Small Business Reorganization Act of 2019 (the “SBRA”) vitalized the process with Subchapter V. Subchapter V provides an expedited, simpler and less expensive route through chapter 11 of the Bankruptcy Code for small businesses and their owners.
Learn more here: https://www.bankruptcystrategies.com/timing-subchapter-v-and-entrepreneur-rescue/

Counseling Service First?Debt defense is defense against your creditor. Debt consolidation is agreeing to pay, possibly ...
04/20/2026

Counseling Service First?

Debt defense is defense against your creditor. Debt consolidation is agreeing to pay, possibly at a discount. You will find that many of these debt consolidators are frauds. It may take years for you to pay that money off. Many people have nothing saved for retirement or very little for retirement. What are they going to live on? You have a choice between paying someone money that they have already been paid for or getting on with your life. Instead of paying that creditor for the debt, when they already made their money on the interest, if not on the repayment of principal, your purpose is building your future.

Learn more here: https://www.bankruptcystrategies.com/what-are-the-laws-that-protect-debtors-in-new-york/

If A Debtor Files For Bankruptcy, Is There Anything That Can Be Done To Collect On A Debt Owed To My Business?Bankruptcy...
04/15/2026

If A Debtor Files For Bankruptcy, Is There Anything That Can Be Done To Collect On A Debt Owed To My Business?

Bankruptcy is there for creditors as well as debtors. First, we determine who owes money. Sometimes, there will be a guarantor who is not in bankruptcy. So, you have the ability to collect not just from the debtor but a potential guarantor. You may also participate in the bankruptcy process by filing a proof of claim. If you are dealing with an individual, as opposed to an entity, their claims may be non-dischargeable. They may have committed frauds along the way, so you could object to the discharge of the individual debtor, if they have filed.

Learn more here: https://www.bankruptcystrategies.com/what-services-does-your-firm-provide-creditors-attempting-to-collect-on-a-debt/

What Types Of Debts Are Dischargeable In A Chapter 11 Bankruptcy For Individuals And Are There Any Exceptions Or Limitat...
04/02/2026

What Types Of Debts Are Dischargeable In A Chapter 11 Bankruptcy For Individuals And Are There Any Exceptions Or Limitations?

Rather than listing all dischargeable debts, it’s easier to highlight non-dischargeable ones. These include debts based on fraud, breach of fiduciary duty, reprehensible conduct, child support, taxes (generally accrued three years prior to filing), injuries caused while under the influence, willful and malicious injuries, and certain obligations from divorce proceedings. Interestingly, debts resulting from a manslaughter conviction may be dischargeable, as it doesn’t necessarily involve intent.

Learn more here: https://www.bankruptcystrategies.com/alternatives-for-chapter-11-bankruptcy/

Are There Any Tax Implications Or Benefits Associated With Debt Resolutions For Entrepreneurs?Yes, there are tax implica...
03/24/2026

Are There Any Tax Implications Or Benefits Associated With Debt Resolutions For Entrepreneurs?
Yes, there are tax implications associated with debt resolutions. Often overlooked by debtors, the forgiveness of debt is considered a form of taxable income. The tax implications usually depend on your solvency at the time of the debt deal. If you’re solvent, the debt forgiveness is taxable. If you’re insolvent, the tax applies only to the extent that you’re rendered solvent by debt forgiveness. Learn more here: https://www.bankruptcystrategies.com/resolution-of-business-debt-issues-in-ny/

What Are The Most Common Reasons Entrepreneurs Find Themselves With Serious Debt Problems?The most common reason entrepr...
03/16/2026

What Are The Most Common Reasons Entrepreneurs Find Themselves With Serious Debt Problems?

The most common reason entrepreneurs find themselves with serious debt is business failure. Entrepreneurs often provide a personal guarantee for financial obligations in their business ventures, which can become even more precarious if they become defendants in lawsuits or face tax obligations. When this happens, an entrepreneur’s primary aim becomes debt restructuring and asset preservation. This allows them to transition to their next business venture.

Learn more here: https://www.bankruptcystrategies.com/entrepreneurs-with-serious-debt-problems-in-ny/

What Happens If You Just Ignore A Debt Collector?If you ignore a debt collector, the worst that can happen is they are g...
03/02/2026

What Happens If You Just Ignore A Debt Collector?

If you ignore a debt collector, the worst that can happen is they are going to argue that you acknowledged the debt. You might wind up with an additional cause of action called an account stated. That means you were sent a bill that you did not contest. So the creditor will have the right to sue. If you have contested the amount that is owed, then they cannot say that there is an account stated. There is very little to be lost by ignoring the debt collector because ultimately, it will go to a lawyer. The lawyers are more rational in dealing with collecting the debt. They are usually paid a contingency fee. They have the money on the line and want to recover as much money as possible, as quickly as possible.

Learn more here: https://www.bankruptcystrategies.com/what-are-the-laws-that-protect-debtors-in-new-york/

What Documentations And Financial Records Should Entrepreneurs Gather When Preparing For Debt Resolution Negotiations?Pr...
12/10/2025

What Documentations And Financial Records Should Entrepreneurs Gather When Preparing For Debt Resolution Negotiations?

Preparation and preservation of documents and financial records are key aspects of successful debt resolution negotiations. Maintain comprehensive records of all your business transactions, including income, expenses, and purchases. These records are essential as they offer insights into your financial condition. Bankruptcy trustees and creditors can review these documents.

Learn more here: https://www.bankruptcystrategies.com/resolution-of-business-debt-issues-in-ny/

Address

475 Park Avenue S, Fl 18
New York, NY
10016

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Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+12127397599

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