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Determining Chapter 13 Payment Amount

Determining Chapter 13 Payment Amount

December 22nd, 2020 / G. Wald / Comments Off on Determining Chapter 13 Payment Amount

Did you know that over twelve years more than four million people filed for Chapter 13 bankruptcy? Chapter 13 bankruptcy is a great alternative to Chapter 7 if you have significant property equity and a regular income. Unfortunately, finding out the payment amount that you owe is a complicated process. Luckily, in this article, we’ll […]

Rescue Your Home from Foreclosure with Chapter 13

May 21st, 2020 / G. Wald / Comments Off on Rescue Your Home from Foreclosure with Chapter 13

Unemployment, medical debts, and divorce: are three of the most common causes of bankruptcy. It doesn’t take much for one of these issues to shatter the American dream. Once you’ve gotten behind two or three payments on your mortgage, it may seem next to impossible to even think about getting caught up.  Mortgage companies won’t […]

The 6 Steps of the Means Test

May 21st, 2020 / G. Wald / Comments Off on The 6 Steps of the Means Test

The Means Test is Required for Chapter 7 Bankruptcies If you are an individual debtor with primarily consumer debts then you are required to calculate your current monthly income and expense deductions under a means test.   The bankruptcy code defines income as income from all sources without regard to its taxable nature. It also […]

What to Know About Minnesota Bankruptcy Exemptions

March 30th, 2020 / G. Wald / Comments Off on What to Know About Minnesota Bankruptcy Exemptions

Bankruptcy can be a difficult decision, and you may wonder if you will have to give up all your possessions. When determining if this step is right for you, you should know about Minnesota bankruptcy exemptions that will allow you to clear your slate while keeping many of your assets.   For more information about […]

How Often Many Times Can I File for Bankruptcy?

March 12th, 2020 / opadmin / Comments Off on How Often Many Times Can I File for Bankruptcy?

You can make multiple bankruptcy filings; however, there may be time limits related to when you can file and obtain a debt discharge. The timelines for Chapter 7 and Chapter 13 differ, so you should consult with a bankruptcy attorney before making any decisions about filing. Call Gregory J. Wald Attorney at Law today at (952) 921-5802.   How […]

When Unemployment Leads to Bankruptcy

February 4th, 2020 / opadmin / Comments Off on When Unemployment Leads to Bankruptcy

Facing bankruptcy and unemployment may seem complicated, however in many cases, being unemployed may improve your chances of qualifying for Chapter 7 bankruptcy. Essentially, the lower your disposable income, the more likely you’ll pass the means test. In addition, unemployment may even allow you to pay less money to unsecured creditors during Chapter 13 bankruptcy. Let’s examine […]

file bankruptcy on student loans

Can You File Bankruptcy on Student Loans?

November 25th, 2019 / opadmin / Comments Off on Can You File Bankruptcy on Student Loans?

Can you file bankruptcy on student loans? Yes. But the bigger question is whether you will qualify for a discharge or not. Unfortunately, most people do not qualify to discharge their student loan debt through bankruptcy. You can only eliminate this type of debt if you can successfully prove that paying back your loans will […]

Filing Bankruptcy on Credit Cards

October 30th, 2019 / opedit / Comments Off on Filing Bankruptcy on Credit Cards

You may have used your credit card to pay for necessities, such as medical bills or car repairs. But what happens when your credit card debt gets to be too much, and you fall behind on your payments? Below, we discuss what you need to know about filing bankruptcy on credit cards. What Happens If You […]

Can You File Bankruptcy on Medical Bills?

September 25th, 2019 / opedit / Comments Off on Can You File Bankruptcy on Medical Bills?

A medical emergency can happen without warning leaving you out of work and deeply in debt. With or without health insurance, it’s easy for medical bills to quickly pile up. But how can you fully recover from your injury if you are constantly stressed about your medical debt? Can you file bankruptcy on medical bills? Yes — […]

How Long Does Bankruptcy Chapter 7 Take?

August 19th, 2019 / opedit / Comments Off on How Long Does Bankruptcy Chapter 7 Take?

By now, you’re probably already aware of the benefits of Chapter 7 bankruptcy — one of which is that you can get your debt discharged relatively fast. But how long does bankruptcy Chapter 7 take, from filing to closing? How soon can you get a fresh financial start? While Chapter 7 typically takes four to six months to […]

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