Gregory J. Wald, Attorney at Law

10/08/2026

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.

Key issues in Minneapolis Chapter 13 bankruptcy including: eligibility; repayment plan requirements and duration; treatment of debts; lien stripping. To learn more about Chapter 13 bankruptcy, schedule your free consultation with Minneapolis Chapter 13 bankruptcy attorney Gregory J. Wald today.

09/22/2026

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.

The bankruptcy Chapter 7 means test is the first step towards determining eligibility for Chapter 7. Call our Minneapolis bankruptcy attorney to learn more about Bankruptcy Chapter 7 Means Test.

09/09/2026

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.

The bankruptcy Chapter 7 means test is the first step towards determining eligibility for Chapter 7. Call our Minneapolis bankruptcy attorney to learn more about Bankruptcy Chapter 7 Means Test.

09/02/2026

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.

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

08/20/2026

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.

Facing bankruptcy and unemployment may seem complicated, however in many cases, being unemployed may improve your chances of qualifying for Chapter 7

08/04/2026

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

07/16/2026

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 Minnesota bankruptcy process. To move forward with less stress and overwhelm, contact us today to get the support you need.

Below we will list some differences between filing for Chapter 7 vs Chapter 13 bankruptcy to give you an idea of what to expect. Call us to learn more.