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 Things to Know about Chapter 7 Bankruptcy

Many Americans are facing financial difficulties due to the current economic recession. However, there are several legal options available to fight for a brighter financial future. If a debtor is unable to pay back their creditors, they may consider Chapter 7 bankruptcy as a way to receive a fresh financial start.

Chapter 7 is not a comprehensive method to get rid of debt, but it is the most powerful solution available to American debtors. If you are frustrated with creditors calling and collection agencies knocking on your door, contact the Birmingham Chapter 7 bankruptcy lawyers of Greenway Bankruptcy Law, LLC, by callingĀ (205) 324-4000 today.

#1: Chapter 7 Bankruptcy Means Liquidation

When a debtor files for Chapter 7 bankruptcy, they resign themselves to a major loss of personal property through liquidation. Liquidation is a major portion of Chapter 7 proceedings. However, there are state and federal exemptions available to help protect many of the most important properties a debtor may hold.

#2: You Have to Qualify

The Bankruptcy Abuse Prevention and Consumer Protection Act has made Chapter 7 bankruptcy significantly more difficult to qualify for than in the past. If your income is too high or if you have not yet tried credit counseling, you may not be allowed to file for Chapter 7 bankruptcy. However, a lawyer may be able to help you find exceptions that apply to your case.

#3: Bankruptcy Can Be Complicated

There are parts of Chapter 7 proceedings that are relatively straightforward. However, much of the legal work that goes into a bankruptcy claim is complex and often challenged by a creditor or second-guessed by a bankruptcy trustee. If you are considering filing by yourself, you may want to call in for a free consultation with a legal advisor first in order to learn how intricate these legal proceedings can be.

Contact Us

If you have been trying to break free from your overwhelming debt but cannot seem to make any headway, you can turn to Greenway Bankruptcy Law, LLC, for your consultation. Let a Birmingham Chapter 7 lawyer assist you today. Contact our offices by callingĀ (205) 324-4000 for more information.

"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."
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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
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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