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.

Number of foreclosures drop in 2013, reaching a six year low

A huge improvement in the U.S. housing market was observed in 2013 after the number of homes entering foreclosure not only continued to decrease, but also hit a six year low, according to real estate information firm RealtyTrac.

A decrease of 31 percent was observed in homes being foreclosure upon or repossessed by banks in 2013 compared to 2012. The record was considered to be lowest since America entered the foreclosure crisis in 2007. The number of home entering foreclosure  also declined in 37 states last year.

However, according to RealtyTrac, in December more than 1.2 million homes across America were either undergoing foreclosure procedures or already repossessed by banks but were still unsold.

The legal team at Greenway Bankruptcy Law, LLC, how difficult it is for homeowners in Birmingham to face the threat of foreclosure. If you are in such a situation, call (205) 324-4000 today to speak with a compassionate attorney who can help you explore your options for keeping your home.         

Eddie Montgomery filed for Chapter 7 bankruptcy

Eddie Montgomery of the famous country music duo, Montgomery Gentry, sought personal bankruptcy protection at the end of December.

Montgomery, 50, filed for Chapter 7 bankruptcy after accruing a large amount of debt due to his recent divorce and the failure of his steakhouse. Montgomery’s $13.4 million debt is only offset by $1.9 million in assets.

Montgomery will sell the Harrodsburg steak house on January 10 to help pay for his debts. A house in Boyle County owned by Eddie and his former wife, Tracy Nunan, will also be sold to offset debt.

Our experienced lawyers understand that many people living in Birmingham face financial hardship. Contact Greenway Bankruptcy Law, LLC, if you are in need of legal financial advice. Give our offices a call at (205) 324-4000 to learn more about the services that we can provide for you.

 

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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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