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.

Foreclosures not at pre-recession levels but still improving

Posted on July 24th, 2015 No Comments

Although more homes were foreclosed in May than pre-recession levels, it is still nearly half the number of foreclosures that occurred in 2011, according to the Orange County Register on July 14.

According to CoreLogic data, approximately 7.8 million homes across the nation have been foreclosed in the last 11 years. This past May is the most recent month with data available; during this month, 41,000 homes in the U.S. were experienced foreclosure. CoreLogic also revealed that 491,000 homes nationwide are currently in different stages of the foreclosure procedure. Despite these seemingly large numbers, May of 2011 saw the foreclosure of 77,000 foreclosures.

The legal team of Greenway Bankruptcy Law, LLC, understands that in Birmingham alone, many homeowners are at risk of losing their homes to foreclosure. If you are in such a situation, our lawyers may be able to offer you legal solutions to save your home. Call our office today at (205) 324-4000 to find out how we may work for you.

Handling credit card debt during unemployment

Posted on July 10th, 2015 No Comments

Facing unemployment is frustrating, espeically if you are burdened with credit card debt. Individuals who are in a situation like this may want to consider the following ways to alleviate their situation:

  • If you are currently looking for potential employers, it is important that you are capable of stretching your money–though make it a point to settle at least the minimum of your monthly dues.
  • Consider notifying your credit card provider about your unemployment; this is crucial mostly if you are planning to negotiate a delay or decrease in your payments.
  • Avoid financing assistance that comes with high interest rates offered by credit card companies.
  • Avoid any unnecessary expenses during unemployment and try to improvise ways to further decrease your daily expenses.

Aside from these tips, the lawyers of Greenway Bankruptcy Law, LLC, in Birmingham also offer other ways to help unemployed or employed individuals who are stuck with overwhelming debt. If you want to know more about the options that could alleviate your financial situation, call us today at (205) 324-4000.

Troy officials warn people of payday loan companies’ bad practices

Posted on June 30th, 2015 No Comments

A meeting was held recently in Troy City to inform residents about predatory loaning businesses, WSFA12 reported on June 12.

According to Troy City Councilwoman DeJerilyn King Henderson, many consumers did not know that they are likely paying more in interest to payday loan businesses compared to financial institutions. The public meeting held on June 11 also informed people about their rights when dealing with payday loan companies. Henderson further said that payday loan companies often target people who earn less and cannot afford to apply for regular loans. The city of Troy is one of the cities in Alabama that do not regulate payday loan companies.

The lawyers of the Greenway Bankruptcy Law, LLC, understand that in Birmingham alone, many people are burdened by overwhelming debts. If you think you are in such a situation, we may possibly offer you legal solutions to make your debt manageable again. Learn more about your legal options from us today by calling (205) 324-4000.     

Debt management tips for seniors

Posted on June 17th, 2015 No Comments

ABC 7 offered some tips for senior citizens who may be struggling with debts as they reach retirement age. In this situation, you may want to consider the following ways to decrease stress over your finances:

  • Identify all expenses and create a workable budget.
  • Look for other ways to receive additional funds; however, make sure that other public benefits you get, like Social Security, are not affected.
  • For those who have several debts, you may want to consider paying at least the monthly minimum of the debt with the highest interest rate. Another option is to consolidate debts in order to achieve a more manageable monthly payment.
  • For those who are at a loss, pursuing help from an experienced attorney may help you weigh your options.

The Birmingham legal team of Greenway Bankruptcy Law, LLC, works for senior citizens and others who are overwhelmed by accumulating debts. Our skilled lawyers are committed to helping people regain stable financial footing. Find out how we may work for you today by calling (205) 324-4000.

Each member of boy band Blue has sought bankruptcy protection

Posted on June 2nd, 2015 No Comments

Singer Lee Ryan of the once-famous R&B group “Blue” has sought bankruptcy protection, the 4th and last member of the group to make that decision, a May 18 article of The Guardian stated.

The 31-year-old music artist was pressured to file for bankruptcy by a debt collection firm. Ryan’s former band mates Simon Webbe, Duncan James, and Antony Acosta have all sought bankruptcy protection within the eleven years since their disbandment. A statement coming from a representative said that Ryan decided to file for bankruptcy in order to move forward and make the best decision for his family’s future.

In this tough situation that you are struggling with overwhelming debt, filing for bankruptcy is worth considering. The Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, can answer your questions about bankruptcy and help you decide on the best option for your specific situation. Call our office today at (205) 324-4000 to find out how we may help you.

Bullet Bob’s former spouse scheduled to lose home

Posted on May 21st, 2015 No Comments

The residential property of the former spouse of late Dallas Cowboys football star Bob Hayes is being threatened with foreclosure, a May 5 report of WFAA 8 revealed.

Reports said that former wife of “Bullet Bob,” Altamease Hayes, and her legal counsel sought a temporary delay of her house’s foreclosure. On May 5, Altamease’ mortgage servicer agreed to postpone the foreclosure of the 1,700 square foot Red Bird house for 30 days. Documents stated that Altamease has to settle debt of $67,200 to avoid foreclosure. According to Altamease, a lot of paintings and pictures of her late husband can still be seen around their house, and she never thought that she may lose her longtime home. Altamease suffered from financial hardships after losing her job in 2013.

If you believe your home is being threatened by foreclosure, it is important to enlist the help of an attorney who can offer legal options for protecting it. The legal team of Greenway Bankruptcy Law, LLC, helps families in Birmingham facing foreclosure. Learn more of your legal options from us today by calling (205) 324-4000.

Ex Baywatch star sells her house to pay debt

Posted on April 30th, 2015 No Comments

Ex Baywatch actress Nicole Eggert recently sold her luxurious Los Angeles home to pay off hundreds of thousands of dollars of debt, an article of Realty Today stated on April 28.

The 43-year-old who played the role of “Summer Quinn” in the 90s TV series reportedly sold her Studio City residence for $1.15 million to settle her debt totaling $805,000. Eggert’s home measuring over 9,000 sq/ft has been sold after she was granted permission by a bankruptcy court judge. Eggert originally sought bankruptcy protection two years ago. The former starlet, who recently opened an ice cream truck with her daughters, is expected to have a “fresh and sweeter start” now that she has paid on her debt.

Filing for bankruptcy sometimes is a viable option for people who are struggling with their overwhelming debts. However, if you are considering filing for bankruptcy in Birmingham, get in touch with the lawyers of Greenway Bankruptcy Law, LLC. Call us today at (205) 324-4000 to find out how we may be able to help you bounce back.

Many Americans remain plagued by serious credit card debt

Posted on April 20th, 2015 No Comments

According to a new survey, many American families are still affected by overwhelming credit card debt, although the number is decreasing, an April 10 article of KOMO News stated.

In the survey conducted by the National Foundation for Credit Counseling (NFCC), it was revealed that one in three family members is having trouble paying the monthly credit card balance. Those individuals who fail to pay their monthly dues eventually struggle with their debt because of the accumulating monthly interest. To manage credit card debt, NFCC Vice President of Communications Bruce McClary suggests that people should faithfully pay their monthly credit card balance in full.

If you are heavily burdened by overwhelming credit card debt, enlisting a lawyer could help you understand the legal options available to you that may help you recover from your debt. Call the Birmingham lawyers of Greenway Bankruptcy Law, LLC, today at (205) 324-4000 to find out how we may work for you.

Foreclosure levels in Calhoun County continue to improve

Posted on April 7th, 2015 No Comments

The Anniston Star reported on April 2 that there were fewer foreclosures in Calhoun County in 2014 than the past several years.

According to reports, an estimated 70 homes were foreclosed on in the county from the second until the fourth quarter of 2014. The record reportedly was the least amount of foreclosures since 2009 during the height of nationwide foreclosure crisis. However, foreclosure rates have not yet lowered to pre-recession numbers.

A bank CEO who observed that the housing market continues to improve said selling a foreclosed house to another prospect buyer is not a problem. Wells Fargo’s Hugh Rowden, on the other hand, advised that homeowners who are struggling with their mortgages should notify their lenders immediately. Rowden also said that everyone loses when homeowners face foreclosure procedures.

If your home is being threatened by foreclosure, working with a skilled lawyer is also an option for you to possibly save your home from being taken away from you. Find out how the Birmingham lawyers of Greenway Bankruptcy Law, LLC, may work for you today by calling (205) 324-4000.

Survey reveal U.S. credit card debt soared in 2014

Posted on March 31st, 2015 No Comments

On March 10, CBS reported that credit card debt last year skyrocketed and the trend is expected to continue into 2015 as the U.S. economy continues to improve.

According a recent survey from CardHub, a total of $57.1 billion in new credit card debt was recorded in the U.S. last year. Such increase reportedly has been observed since 2013 and it is likely to continue this year. Another study published last month revealed that many Americans are plagued with credit card debt yet their earnings have only increased by 2 percent in the last decade. The average credit card debt is around $7,200, close to the $8,300 mark that some experts consider largely unmanageable.

Whatever reason you have obtained unmanageable credit card debt, know that there are legal options that can benefit you. However, if you are in such a situation in Birmingham, a lawyer from the Greenway Bankruptcy Law, LLC may be able to provide workable solutions for you to bounce back from debt. Find out how we may be able to help you today by calling (205) 324-4000.

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505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
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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.

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