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.

Rapper’s $1 million NY property facing foreclosure

Rapper Earl Simmons, commonly known as DMX, is currently losing his $1 million property in Mount Kisco, New York to foreclosure.

Simmons blames his estranged wife for the foreclosure, saying that she didn’t take responsibility for the mortgages, as previously agreed upon. Though DMX hasn’t lived in the property since 2005, he continued paying the mortgage through 2008.

Before facing foreclosure, Simmons experienced some financial trouble. He recently filed for bankruptcy, but was denied.

The attorneys at Greenway Bankruptcy Law, LLC, understand that many Birmingham residents face foreclosure. The legal advice of a lawyer could alleviate the stress and financial burden of foreclosure. To contact an experienced lawyer, call (205) 324-4000

 

Number of foreclosure filings decrease by 18 percent from 2013 to 2014

An 18 percent dip in the number of U.S. homes that filed for foreclosure was noted from January 2013 to January 14, according to RealtyTrac.

Though last month there was a 10 percent increase from December to January in the number of homes that entered foreclosure proceedings, this was still 12 percent lower compared to numbers from January 2013. On the other hand, homes that had completed the foreclosure process last month also dropped by 40 percent compared to last year’s data.

At the national level, at least one in every 1,058 homeowners filed for foreclosure last January.

Though the foreclosure crisis in America continues to decline, the legal team at Greenway Bankruptcy Law, LLC, understands that a lot of homeowners in Birmingham are still being threatened by foreclosure every year. If you want to explore your foreclosure defense options with our knowledgeable attorneys, call (205) 324-4000 today.

Ex-Baywatch actress seeks bankruptcy protection

Nicole Eggert, who is well-known for her Baywatch role, recently filed for Chapter 13 bankruptcy to protect her property.

According to reports, the 42-year-old actress will have an opportunity to continue paying her mortgage to prevent her house from being liquidated. Under the plan, Eggert will pay $1,071.43 monthly for the first year to the bank, in addition to $800 monthly to creditors. After that, the next two years she will be required to pay $1320 monthly to the bank.

Nicole listed $1,070,400 worth of assets while her liability listed was $807,115. She also stated in the filing that she has monthly expenses of more than $20,000.

This bankruptcy filing is her third attempt in less than a year, with the two previous claims being rejected.

The legal team at Greenway Bankruptcy Law, LLC, helps people in Birmingham who are currently facing financial troubles explore their options for getting back on a strong financial footing. Discuss your financial situation and what the best option for alleviating your debt may be 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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