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.

3 Dangerous Myths about Filing for Bankruptcy

Bankruptcy carries a certain stigma among many Americans, despite the fact that this legal action helps millions of people find debt freedom. Unfounded misconceptions about bankruptcy can potentially keep a debtor away from this helpful tool, leaving the individual without the support they need to get through this difficult time.

If you’re thinking about filing for bankruptcy, consulting with an experienced legal advisor may help you make a more informed decision about your future. To learn more, contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC, by calling (205) 324-4000 today.

Myth: Bankruptcy ruins your financial hopes.

Truth: Many people see a bankruptcy as the end of their financial future, however this is actually the opposite of what bankruptcy really does for many Americans every year. Bankruptcy can help a debtor start over by clearing out most of their debt. Without the obligations to creditors, a debtor can start saving for the future and getting on with their life.

Myth: Bankruptcy can get you fired from your job.

Truth: Bankruptcy isn’t considered grounds for termination. However, if a debtor mishandles their bankruptcy and the result is poor workplace performance, they may face job loss. This is one reason why an attorney’s help is so important. When a debtor feels confident that their bankruptcy is being handled the right way, they can go about their life unhindered.

Myth: You’ll lose everything in bankruptcy.

Truth: Between Chapter 7 bankruptcy exemptions and Chapter 13 repayment plans, a debtor certainly won’t lose all of their property during a bankruptcy. While a debtor may be forced to make hard financial decisions such as letting a valued luxury item or prized car go, some debtors can hold on to their most treasured property throughout their proceedings.

Contact Us

If bankruptcy is on your mind, you may want to discuss your options with an experienced attorney. For a free consultation, contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC, today at (205) 324-4000.

"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."
Robin M
"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."
Jennifer S.
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
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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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