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 Misconceptions about Debt Discharges

If you are considering filing for bankruptcy, there are many important facts you should know before getting into bankruptcy proceedings. Certain misconceptions can have a major impact on your finances before, during, and after bankruptcy proceedings. At the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC, we may be able to help you with your bankruptcy. For more information regarding our services, contact us at (205) 324-4000.

#1: Bankruptcy Discharges Totally Clear Debt

When a debtor files for bankruptcy, they may want to file for Chapter 7 bankruptcy in order to enjoy the benefits of debt discharge orders. These discharge orders do not fully clear all debt, however. Many forms of debt, including student loans and child support payments, are not included in debt discharges.

#2: Debt Discharges Cannot Be Challenged

When a person files to have their debt discharged by bankruptcy courts, this is no guarantee that they will be freed from their debt. When a debtor files for a discharge, the bankruptcy trustee or creditors may challenge that discharge. If their challenge is accepted by the court, the debtor may be held responsible for paying out a certain portion of a debt to the select creditor.

#3: A Discharge Closes a Case

When a debtor receives a discharge for their case, they may be on the first step towards financial freedom. However, the actual bankruptcy case is not closed yet. The bankruptcy trustee still needs to evaluate a debtor’s finances and make sure property is collected properly.

Contact Us

If you are facing serious financial troubles, bankruptcy may be the solution for you. To learn more about your options during these proceedings and how a legal advisor can help you throughout the process, contact the Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, by calling (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."
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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
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