3 INDICATORS YOU MAY NEED TO FILE BANKRUPTCY
- If you are having trouble making the minimum monthly payments on your debts.
- If you are behind on mortgage or car payments or back taxes.
- If your unsecured debts are equal to your annual income.
FREE CASE EVALUATION
Gregory J. Wald, Attorney At Law
With nearly 30 years of experience practicing and teaching bankruptcy law, Attorney Gregory J. Wald is one of the most experienced and respected legal minds in this area of practice. His knowledge and application of the law is vast, but his attentiveness and personal investment into the circumstances of each client is honed and careful. His small yet far-reaching practice receives the highest ratings by both the AVVO and the Better Business Bureau. Contact his office to experience what has earned Attorney Wald his reputation as an expert, helper and friend to the community.
GREGORY J. WALD
Attorney At Law
Attorney Gregory Wald has 30+ years of experience in bankruptcy. This is ALL HE DOES. He teaches other lawyers how to practice bankruptcy effectively.
He will give you a FREE telephone consultation and up to 1/2 hour FREE office consultation . He will help you understand your options so that you can make an informed decision as to whether bankruptcy is right for you.
FREE BOOK OFFER
The Real Truth About Bankruptcy in Minnesota
Hear real life stories of how many individuals have
improved their finances and learn the real truth
What does bankruptcy do to my credit?
Bankruptcy stays on your credit record for ten years. However, most people are able to obtain creditor shortly after they complete their bankruptcy and sometimes even while they are in bankruptcy. Generally, it is possible to get a good rate on a home mortgage two years after you file Chapter 7 bankruptcy, assuming you qualify in all other respects. If your credit is already bad, bankruptcy may improve it.
What does bankruptcy cost?
The court filing fee for Chapter 7 is $335.00 and for Chapter 13 it is $310.00. There is also an Attorney fee, which will depend on the complexity of the case and ability to pay. The fee can normally be quoted over the phone if you call our office. For Chapter 7 bankruptcy the court filing fee and attorney fee must be paid in full before the case is filed. For Chapter 13, most of the attorney fee can usually be consolidated with your other debts.
Do I have to file bankruptcy on all my debts?
You must list all of your debts in your bankruptcy papers. However, you can pay any debt you want after you file bankruptcy. You can do this informally or formally with a “reaffirmation agreement”.