What Is a Reaffirmation Agreement and Should I Sign One?

A reaffirmation agreement is a contract in which a Chapter 7 debtor (the person who files a bankruptcy case) and a lender agree that a debt will not be discharged in a Chapter 7 bankruptcy case. If the goal of a bankruptcy case is to eliminate (discharge) as much debt as possible, it may [...]

What Friends and Relatives will Think of you if you file for Bankruptcy Protection.

You might be worried about what friends and relatives will think of you if you file for bankruptcy protection. You can relax. Your friends and relatives want what is best for you. For example, one of my clients was borrowing heavily from his parents in order to keep up with his credit card debt. His [...]

An Attorney Is Abreast Of The Ever-Changing Bankruptcy Laws

There are a number of potential pitfalls and tricks in the ever-changing bankruptcy laws, so it is very important to consult with a knowledgeable bankruptcy attorney. If your case is filed wrong, it may be dismissed for not filing a required document and if you have to file a new case you may not be [...]

Co-signers and Bankruptcy

Bankruptcy provides a fresh start for many, but what happens when some of your secured debt, such as a vehicle, has a co-signer? If you are planning on filing for Chapter 7 bankruptcy, and in doing so surrendering secured property, you should understand that when it comes to co-signers and bankruptcy, the protection of bankruptcy [...]

The Difference Between Secured and Unsecured Debt

The type of debt you have plays an important role in what happens if you default on a loan. There are two types of debt. Secured and unsecured debt. Secured Debt is any debt that is backed by some sort of physical property, such as a car loan or a mortgage. The car loan is [...]

The Benefits of Chapter 13 Bankruptcy

Chapter 13 bankruptcy allows people with an income the option of creating a plan to repay part, or all of their debt when they are experiencing hardship. This is why it’s known as the “Wage Earner’s Plan.” When filing for Chapter 13, the debtor has agreed to a repayment plan of their debts over a [...]

GREGORY J. WALD, ATTORNEY AT LAW

Gregory J. Wald, Attorney At Law

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