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.

Lehman Brothers revises bankruptcy plan

International financial firm Lehman Brothers Holdings, Inc., has revised the details of its bankruptcy plan. The new plan is expected to allow for a faster and more complete financial recovery.

Lehman Brothers declared bankruptcy in September 2008 under Chapter 11, the largest bankruptcy in U.S. history. Its divisions and properties were then divided and sold to other financial services companies.

Prior to the bankruptcy filing, the company was reportedly modifying its balance sheet to appear more stable than what the real numbers indicated.

If you are having trouble paying for your bills and are seeking financial relief to restart your finances, our Birmingham bankruptcy attorneys can help. Contact the Greenway Law Firm, LLC, today by calling (205) 324-4000.

Borders reportedly hires bankruptcy lawyers

According to a recent news report, Borders Group Inc., the U.S-based international book retailer, has hired bankruptcy lawyers to assist with its growing debt problem.

It is not yet clear whether the company will file for bankruptcy. The company has “hired bankruptcy and restructuring lawyers”, a recent Wall Street Journal report states.

Borders has already begun cutting jobs to alleviate its debt burden. On Monday, the company announced that 45 positions at its corporate headquarters had been eliminated.

If you are facing large amounts of debt and are struggling to make monthly payments, bankruptcy is one option that can help to restart your finances. To speak with an experienced Birmingham bankruptcy lawyer regarding your legal options, contact Greenway Bankruptcy Law, LLC, today at (205) 324-4000.

Alabama counties top list of bankruptcy filings

Two Alabama counties ranked first and second on a list of U.S. counties with the highest number of bankruptcy filings in December 2010.

Baldwin County held the highest bankruptcy rate of all U.S. counties at more than 7 times the national average for filings. Greene County was ranked second on the list.

The oil spill is believed to have had a significant impact on the number of bankruptcy filings in Baldwin County, while Greene County has been troubled by high unemployment and poverty rates.

If you are struggling with a large amount of debt and cannot afford to keep up with your monthly payments, you are not alone. To learn more about how bankruptcy can help you restart your finances, contact the Birmingham personal bankruptcy lawyers of Greenway Bankruptcy Law, LLC, today at (205) 324-4000.

Bankruptcy Filings Up 9 Percent in 2010

According to the American Bankruptcy Institute, there was a 9 percent increase in personal bankruptcy filings between 2009 and 2010. An estimated 1.53 million households filed for bankruptcy in 2010.

While the economy has started to show hints of improvement, many American households are still struggling with financial trouble caused by the economic recession. High credit card debt, unemployment, and high mortgage payments have all contributed to the increase in filings.

Bankruptcy can help individuals and businesses resolve outstanding debts so that they can receive a fresh financial start.

If you or someone you know is struggling with overwhelming debts, bankruptcy may be the ideal option for you. To consult with a compassionate, experienced Birmingham bankruptcy attorney, contact Greenway Bankruptcy Law, LLC, today by calling (205) 324-4000.

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Greenway Bankruptcy Law, LLC
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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