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Wayne Greenwald, P.C.

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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.

08/27/2026

How Long Can A Creditor Attempt To Collect A Debt From Me?

In New York State, creditors have 20 years before a debt is deemed to be satisfied. However, that creditor can move to extend it for another 20 years. They can do that continuously. If, however, you have a debtor who goes into bankruptcy and gets the debts discharged, the debt cannot be collected anymore. The creditor can only get what is available through the bankruptcy case. However, if that debt is deemed non-dischargeable because the debtor has committed a fraud on the creditor, that debt can go on forever.

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

08/12/2026

What Is The Statute Of Limitations For Filing A Judgment Against A Debtor In The Areas That You Practice In?

The statute of limitations generally depends on the nature of the claim. In New York, the statute of limitations for most commercial type claims is six years. For fraud it is six years. If the fraud was hidden, add two years from the date of discovery or when the discovery could have been made. The statute of limitations for the taking of property with the intent to keep, or conversion is one year.

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

08/05/2026

Can Individuals Convert Their Chapter 11 Bankruptcy Case To Another Bankruptcy Chapter If Needed, And What Factors Might Influence That?

Yes, individuals can convert their Chapter 11 bankruptcy case to Chapter 7 or 13 at their discretion. The decision to convert is usually influenced by their ability to manage the demands of a Chapter 11 case, which can be resource-intensive. If during reorganization they realize that they’re unable to handle it, they might opt for liquidation under Chapter 7. In some cases, it makes more sense to convert to Chapter 7 to preserve assets and resources when it’s uncertain if certain claims can be discharged.

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

07/21/2026

What Legal Considerations Should Entrepreneurs Be Aware Of When Pursuing Debt Resolutions, Such As Personal Liability On Credit Score?

Credit scores should not be a primary concern. Despite popular belief, a high credit score doesn’t necessarily guarantee favorable loans from banks. Many individuals with impressive credit scores fail to secure loans due to insufficient income. Banks and lenders consider the assets securing the loan and the available income to repay the loan.

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

07/14/2026

How Can Entrepreneurs Prioritize Their Debts And Create A Repayment Plan That Aligns With Their Business Goals?

Debt prioritization should be driven by urgency. This “hottest fire first” approach involves dealing with the most pressing debts first. However, when planning a business debt resolution, ensure that the debts for which you are personally liable, like guarantees, non-dischargeable debts, and taxes, are addressed by the business. This way, the debts directly linked to you get prioritized in the business’s workout plan.
Learn more here: https://www.bankruptcystrategies.com/entrepreneurs-with-serious-debt-problems-in-ny/

07/02/2026

What Is Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy allows filers to discharge qualifying debts (including most forms of unsecured debt, such as medical bills, credit card bills, and personal loans). In exchange, the filer’s non-exempt property is liquidated to pay off their creditors. In New York, many types of property may be exempted from liquidation, such that some filers are able to keep their homes, cars, and most if not all of their property.

Learn more here: https://www.bankruptcystrategies.com/practice-areas/chapter-7-bankruptcy-and-chapter-13-bankruptcy/

06/16/2026

Volunteering for Involuntaries: Vey! – Involuntary bankruptcy petitions may be the nuclear weapon in the commercial debtor-creditor collections arsenal. Like its military counterpart, it devastates. An alleged debtor may be crippled economically, where it was viable before the involuntary petition was filed.

Learn more here: https://www.bankruptcystrategies.com/volunteering-for-involuntaries-vey/

06/10/2026

Bankruptcy Assisted Divorces – Marx was right! “Love flies out the door when money comes innuendo.” Unfortunately for some, money problems keep some couples together who’d rather be divorced. The issues become who pays the debt versus who keeps the couch, cat and castle. Bankruptcy can help divorcing couples get two fresh starts; marital and financial. Thanks to Congress, the Bankruptcy Code Amendments of 2005 made this possible.

Learn more here: https://www.bankruptcystrategies.com/bankruptcy-assisted-divorces/

06/05/2026

Equal Protection for Judgment Debtors – We represent all the players in the debtor-creditor spectrum. So, we’ve developed some perspective. Sometimes the view is disheartening. A concern arises in defending the enforcement of money judgments.

When representing judgment debtors, judges have said to us “this is a federal judgment and it must be paid,” or “it may not be today, it may not be tomorrow, but this judgment will be paid,” or one judge thundered “a judgment should be paid.”[1] These sentiments are echoed in reported decisions.

Learn more here: https://www.bankruptcystrategies.com/equal-protection-for-judgment-debtors/

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/

Address

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

Opening Hours

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

Telephone

+12127397599

Website

https://www.bankruptcystrategies.com/

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