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.

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.

What people should bear in mind when filing Chapter 7 Bankruptcy?

People who have been struggling with their finances should know that there are legal ways for them to possibly recover from their overwhelming debts. One of the ways individuals may do to possibly have a new start is to file for Chapter 7 Bankruptcy. While this kind of bankruptcy is considered to be the most effective way for many individuals, below are the things that they need to think about before filing:

  • Individuals are often not allowed to file for Chapter 7 if they have a relatively high income or they have not considered undergoing credit counseling.
  • Individuals who have filed for Chapter 7 should know that the process will result in the liquidation of many of their personal belongings.
  • Filing for Chapter 7 can become a complicated process depending on the creditors seeking repayments and biased bankruptcy trustees.

In the tough situation that you have decided to file for Chapter 7 Bankruptcy, working with a skilled lawyer could be beneficial if you are unaware of the often confusing legal terms. If you are in such situation in Birmingham, a lawyer at the Greenway Bankruptcy Law, LLC may work for you. Find out how we might be able to help you have a fresh financial start today by calling (205) 324-4000.

80’s heartthrob Lorenzo Lamas filed for bankruptcy

After accruing a debt of more than $300,000, actor and reality-TV star Lorenzo Lamas filed for Chapter 7 bankruptcy, Mail Online reported on April 29.

Reports said Lamas, who currently does not have any source of income as a freelance actor, has a debt of $322,000. The bulk of his debts were unsettled taxes worth $285,000 and domestic support debt worth $19,000. Lamas is currently married to his fifth wife. He has six children from previous marriages, and three are minors. The 56-year-old actor reportedly listed assets worth $9,100 including a checking account below $500. This is not Lamas’s first bankruptcy experience; he filed in 2004 due to a debt of $200,000.

People who have overwhelming debt often feel frustrated and hopeless without the funds to cover it. If you find yourself in this situation in Birmingham, the attorneys of Greenway Bankruptcy Law, LLC may offer you other legal solutions to solve your financial problems. Call our lawyers today at (205) 324-4000 to learn more about your options.

Simon Webbe of band “Blue” files for bankruptcy

After accumulating thousands of pounds in debts owed to creditors, “Blue” band member Simon Webbe recently announced to the public that he filed for bankruptcy.

Webbe filed his bankruptcy papers in September in a high court of London weeks after other “Blue” member Duncan James sought bankruptcy protection. Aside from Webbe and James, band mate Anthony Costa is also reportedly having financial troubles this year.

The series of financial struggles experienced by the former R&B group occurred after their company Blueworld Ltd shutdown in May.

The group was formed 13 years ago and became famous worldwide after selling 15 million records.

The lawyers at Greenway Bankruptcy Law, LLC, can help you if you live in Birmingham and are also struggling with overwhelming debt. Call (205) 324-4000 today to discuss your financial situation and learn more about your options.

"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."
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"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."
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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
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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+