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 in a Recession

During economic downturns, many people notice how families tighten their finances to weather the harsh environment. However, for those without the resources to make it through a recession, these times can be particularly worrisome. With market factors pushing employers to make unfavorable and unfortunate decisions, those already on the brink of financial collapse are only shoved closer to becoming completely broke. In these circumstances, bankruptcy offers a way out for those individuals who are otherwise unable to fight their way out of debt.

If you find yourself unable to make ends meet during this difficult financial climate, contact the Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC at (205) 324-4000 today. With the help of a legal representative, you can work through the first steps in deciding if bankruptcy is right for you and, if it is, what you can do to prepare for the future.

How a Recession Changes Finances

Recessions are natural parts of economic cycles in a free market system. While there are times for booming trade and profits, there are also times for lean sales and failing ventures. To the average person, these large swings in an economy can have drastic effects. Consider the following changes:

  • Higher unemployment rates
  • Lower property and stock values
  • Pay cuts
  • No bonuses or decreased bonuses
  • Possibly reduced government support

Each of these shifts in corporate policy or financial stability can significantly hinder a person’s ability to address his or her creditors with confidence. In these situations, bankruptcy may offer an important solution to a looming problem. Treated with seriousness and sincerity, a bankruptcy can significantly reform a person’s financial state and offer them a way to restore their livelihood.

Contact Us

If you are mired in debt and unable to pay your bills on time, contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000. Let a professional legal advocate inform you of your rights and options under the American bankruptcy code today.

"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