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.

Lindsay Lohan might head for bankruptcy

Actress Lindsay Lohan might find herself heading for bankruptcy due to claims that she failed to settle the rent payments on her flat in London, an October 22 report of the Economic Times stated.

The bankruptcy issue reportedly comes as the 30-year-old actress opened up a nightclub in Greece with Dennis Papageorgiou. The landlord of the $4.2 million property rented by Lohan in Knightsbridge claims the actress failed to pay her rent the last six months. Reports revealed Lohan now owes over $95,000 in back payments and if Lohan fails to settle the missed payments, she will be petitioned to seek bankruptcy. A deadline of November 8 was set for Lohan to settle her debts.

Facing financial trouble is a frustrating experience, especially if you do not know how to resolve it. If you need financial assistance in Birmingham, a lawyer at Greenway Bankruptcy Law, LLC can offer solutions to help you recover from your debts. Call us today at (205) 324-4000 to learn more about your options.

Tips people could do to mitigate excessive credit card debts

Financial experts have observed that though many people are earning more money, nationwide credit card debt is also on the rise, noting the $912 billion debt from January to June of this year.

Experts noted that mitigating credit card debts could be considered “one of the wisest investments” people can have. This is often conflicting, as many people view a higher credit limit as an asset instead of a liability. For those who have been struggling with credit card debts, they may want to try negotiating to consolidate all their balance and repay it over a longer term. This tactic is often applicable for those who have an appealing credit score. Another advantage of people with a good credit score is they could acquire loans with fixed interest rates that are significantly lower than for people with poor credit scores. Usual financial sacrifices like reducing personal expenses or considering tapping emergency funds often work for many people. Earning additional income is also a fool-proof way for anyone to dramatically wipe off their credit card debts.

The bankruptcy lawyers of the Greenway Bankruptcy Law, LLC represent Birmingham people who have been struggling with their credit card debts. If you think this happens to you, we may work on your behalf to possibly help you have a fresh start. Learn more about your legal options today by calling (205) 324-4000.

Financial relief available for unemployed individuals

It is truly a frustrating situation for any person to have overwhelming debts, and it can be even more worrisome if a person just lost his or her job. Unemployed individuals and those who are underemployed with overwhelming debts should know there is a bankruptcy option available for them.

While unemployed individuals may not be allowed to file for Chapter 13 bankruptcy due to its repayment plan, they could be eligible to file for Chapter 7 Bankruptcy. Chapter 7 is a viable option for financially distressed people because they can continue seeking bankruptcy protection without worrying about having a repayment plan. This type of bankruptcy is designed for debtors who are not getting any income or those who are earning a very small amount of income.

If you have made the difficult decision to file for bankruptcy due to overwhelming debt, working with a knowledgeable attorney is important, especially if you are unaware of the complicated filing process. Get in touch with a Birmingham attorney at Greenway Bankruptcy Law, LLC today by calling (205) 324-4000 to see how we can make the process easier for you.

Nationwide foreclosure level normalized

Levels of foreclosure activity in the U.S. have decreased to a pre-recession level, a mydaytondailynews.com article stated on October 13.

Overall foreclosure data provided by RealtyTrac noted in September that foreclosure filings nationwide have reduced by 24 percent compared to the data recorded in the same month last year. Recent data also revealed that foreclosure levels have reduced by 13 percent compared to a month earlier. RealtyTrac also reported that the recent foreclosure rates are similar to levels recorded before the housing market collapsed in 2007. Real estate expert Daren Blomquist noted that this year’s recent record shows overall foreclosure levels continuously improve year by year.

Though recent data is projecting that the housing market is actively recovering from the horrors of the crisis, there are still many homeowners who are at risk of losing their home to foreclosure. If you are in such a situation in Birmingham, a lawyer at Greenway Bankruptcy Law, LLC may work for you. Call our office today at (205) 324-4000 to find out how we could protect your home from being taken away from you.

Tori Spelling sued for failing to settle debt

A lawsuit was recently filed against American actress Tori Spelling due to allegations that she failed to settle her overwhelming credit card debt, an October 4 article of Toronto Sun reported.

Reports revealed that American Express filed a lawsuit against Spelling, 43, after she failed to settle nearly $37,982 worth of credit card debt. The credit card company decided to sue the actress because she was not doing anything to settle the money she owed. Spelling’s mother claims she is not helping the actress with her credit card debts even though she has provided her with other forms of financial support. Spelling experienced financial hardships after she and her spouse were sought by the IRS to pay federal and state taxes amounting to roughly $1 million.

At Greenway Bankruptcy Law, LLC, we represent people in Birmingham who are sued because of overwhelming debts. If you are experiencing such financial hardship, we may be able to offer you legal assistance to get rid of your financial problems. Call our office today at (205) 324-4000 to learn more about your legal options.

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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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