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.

About Discharged Debts

Sometimes, it is altogether too easy to let debts build up until they become too high for you to pay off. When this happens, there does exist a way to resolve such an overwhelming financial situation – filing for bankruptcy. Once you begin the bankruptcy process, you will experience a number of benefits right away. First of all, all processes of repossession, foreclosure, and creditor harassment will be immediately halted. Secondly, certain debts you have will be discharged.

What is a Discharge?

When debts are said to be discharged, this essentially means that they are eliminated. A person with discharged debts is released from his or her legal obligation to pay back the money that is owed. When you file for bankruptcy, therefore, you will likely benefit from a number of debt discharges.

Depending on the type of bankruptcy you file – either Chapter 7 or Chapter 13 – your debts may be affected in different ways. Filing for Chapter 7 will eliminate your unsecured debts. This means that all money you owe that is not backed by property (like a car payment or a mortgage) will be discharged. Unsecured debts typically include credit card payments and hospital bills, among others.

Filing for Chapter 13, on the other hand, may not affect your unsecured debts in the same manner. Under this plan, you are required to repay all secured debts over a period of time – 3 to 5 years – and when that is complete, you will be granted discharges. You may still be required to pay back some, or even all, of your unsecured debts, depending on your situation.

Contact Us

If you are struggling with your finances and believe that filing for bankruptcy is the right solution for you, then the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC can help. To speak with us about your situation, contact our offices today by dialing (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