Gregory J. Wald, Attorney at Law

07/23/2026

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.

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.

07/07/2026

What Happens if You File Bankruptcy as a Senior Citizen?

If you’re a senior citizen considering bankruptcy, it’s essential to understand the possible consequences. Filing for bankruptcy can have a significant impact on your credit score. If you have poor credit, you may see your credit score go up quickly. If you have good credit, it may bring your credit score down. Bankruptcy can stay on your credit report for up to 10 years. However, there are steps that you can take to achieve a good credit score within about a year after bankruptcy.

Before you decide to file for bankruptcy, it’s essential to weigh the pros and cons carefully. Many people who file for bankruptcy have nothing to lose but their debts. However, you must understand the pros and cons of bankruptcy for your situation to decide what is best for you.

Get a free case evaluation with us. We will determine whether filing for bankruptcy is the best option for you.

Bankruptcy rates are rising over the 65+ population. It's common for seniors to find themselves in difficult financial situations as they age. But when

07/02/2026

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.

03/04/2026

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.

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