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.

Bankruptcy and Defaulting Strategies

There is, regrettably, often a social stigma associated with filing for bankruptcy or defaulting on a loan. While some outside of the situation may regard either of these actions as an indication that a person or business has simply reached the end of their financial rope, they may actually represent a wise and beneficial tactic. Choosing to file for bankruptcy out of something other than desperation can help to cut one’s financial losses or to stop creditor harassment.

If it appears that a bankruptcy filing may be the most sensible financial option for your company or family, contact a Birmingham bankruptcy attorney from Greenway Bankruptcy Law, LLC, at (205) 324-4000 today.

Benefits and Penalties

With rapidly shifting markets and housing prices, the decision to break a specific agreement with certain penalties may be preferable to the consequences of delayed action. While this is unlikely to gain money, it can significantly reduce potentially disastrous losses. These tactics have the following benefits and penalties:

  • certain agreements between parties may be nullified
  • creditors must abide by bankruptcy rules
  • regular bankruptcy penalties and standards are upheld
  • devalued housing is foreclosed on
  • defaulting can harm credit scores

Some may judge strategic bankruptcy filers harshly, but they are only acting to protect their financial stability. A well-considered bankruptcy filing can save jobs and help a family to survive through challenging economic times.

Contact Us

If you are considering filing bankruptcy in order to protect your best interests, it is important that you understand various options that may be available. Contact a Birmingham bankruptcy lawyer from Greenway Bankruptcy Law, LLC, at (205) 324-4000 today to discuss your case with a skilled and experienced attorney.

"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