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.

Foreclosure

Foreclosure is a term that tends to frighten people. When you stop making payments on your mortgage, you put yourself at risk of foreclosure. During this process, your lending institution tries to reclaim the money it originally lent you by taking control of your home or property. Typically, the bank or agency will seize your house and then sell it in order to regain its losses.

However, if you are able to repay the debt you owe, then the foreclosure process will be halted. Filing for bankruptcy is also another method of stopping your bank from foreclosing on your house.

Preventing Foreclosure

There are two main ways of preventing foreclosure. The first is to completely pay off the debt you owe on your mortgage. If you do this at any time during the foreclosure process, prior to the sale of your home, then you will be given back your property.

You can also stop the foreclosure process by filing for Chapter 7 or Chapter 13 bankruptcy. Once your bankruptcy filing goes through, all foreclosures and repossessions must be halted. Although it is not a state law, some mortgages do require for lenders to give their borrowers a heads up several days to weeks before foreclosing on their homes. In these cases, you can prevent the foreclosure process from happening by filing for bankruptcy.

Contact Us

If you would like to learn more about how filing for bankruptcy can protect you from foreclosure, then Birmingham bankruptcy lawyer Paula Greenway can help you. Contact her at (205) 324-4000 to schedule your free initial consultation today.

"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+