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.

Will you lose your home if you file for bankruptcy?

When people file for bankruptcy, they are often able to keep their home. Under most bankruptcy laws, people can protect at least one home worth up to a certain dollar amount.

However, if an individual or family owns more than one home, they may not be able to keep the second or third home. The stipulations for bankruptcy protection often dependsĀ  on state laws.

If you are considering filing for bankruptcy, contact the Birmingham bankruptcy lawyer Paula Greenway at (205) 324-4000.

The rise of Chapter 7 filings in the last few years

According to federal data, Chapter 7 bankruptcies have risen by more than 40 percent since 2007. This significant rise is likely caused by a number of factors.

For instance, the recent economic crisis has led to lower incomes for many people. With these lower incomes, some people have struggled to make debt payments. Unable to cover these obligations, many people have been forced into Chapter 7 filings.

If you or anyone you know is considering filing for Chapter 7, contact the Birmingham Chapter 7 bankruptcy lawyer Paula Greenway at (205) 324-4000.

Strategies for filing for bankruptcy during divorce

Filing for divorce is a difficult process for most couples. When divorce occurs at the same time as a bankruptcy filing, the process can seem almost impossible.

However, there a number of strategies to make the process easier. First, couples should consider file for joint bankruptcy before getting a divorce. The joint bankruptcy often has many advantages over separate bankruptcy filings.

Also, filing for bankruptcy before a divorce can facilitate the terms of alimony and child support.

If you or anyone you know has filed for bankruptcy, contact the Birmingham bankruptcy lawyer Paula Greenway at (205) 324-4000.

A deal between U.S. regulators and J.P. Morgan Securities was meant to settle the case over Jefferson County. However, according to experts, the deal will probably not save the county from bankruptcy.

The county has been unable to make sufficient revenue to pay off creditors. The deal will net about $50 million to the county, but that will probably not be enough to offset the nearly $4 billion debt cost.

If your company is considering filing for bankruptcy, contact the Birmingham Chapter 11 bankruptcy lawyers of Paula Greenway at (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+