Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Chapter 7 Bankruptcy

If you are currently experiencing financial difficulties, then you may be wondering how to best handle your situation.  Before you exhaust all of your resources in trying to find a solution, you may want to consider filing for bankruptcy.  Though bankruptcy may seem frightening at first, successfully completing the process can bring a great deal of relief.

One of the most common forms of bankruptcy that one can file is known as Chapter 7 bankruptcy.  This method of debt resolution is available to consumers, partnerships, and corporations.  Debtors can only file Chapter 7 bankruptcy if they pass the means test, which determines whether or not they have the means to file for Chapter 13 bankruptcy instead.  However, Chapter 13 does not fully eliminate debts in the same way that Chapter 7 does.

Liquidation

Chapter 7 bankruptcy is also known as liquidation bankruptcy because of the manner in which it resolves your debts.  Once you successfully file, a trustee is appointed to you.  This person assesses all of your property and determines which assets are exempt and which are non-exempt.   All non-exempt items are considered unnecessary living items, and they are sold off.  The money made from these sales is paid to creditors in order to reduce or eliminate your debts.  However, important assets such as your primary home and automobile are generally considered to be exempt.

Contact Us

If you would like to learn more about Chapter 7 bankruptcy, or if you are considering filing for Chapter 7, contact experienced Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC today by calling (205) 324-4000.

"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway. From the moment I walked in her office I felt like a burden was lifted from my shoulders."
Robin M
"I would just like to say that I was impressed by the staff of Greenway Bankruptcy Law, LLC and their attention to professionalism. They made the bankruptcy process not only pleasant but simple."
Jennifer S.
I can't tell how comforting it is to know your attorney is working on your case. I would and have recommended their service to friend and associates."Ed H.
"I would like to thank Greenway Bankruptcy Law, LLC for the way in which they handled my bankruptcy case."
Robert M.
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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000 |  Directions | Paula Greenway+