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.

Budgeting and Your Finances

A person may find himself or herself in a dire financial situation for reasons beyond his or her control. But it is frequently the case that taking more active control of one’s finances can help to avert disaster and to regain a handle on what may appear to be unmanageable debts. One of the most basic and potentially helpful steps is crafting an accurate and honest budget that takes into account the full range of your income and responsibilities.

If you are worried that you have run out of options to improve your financial situation and are overwhelmed by your current debts, then it may be time to consider filing for bankruptcy protection. Though bankruptcy is not the right solution for every situation, it may be right for yours, and an attorney can help you to make the right decision. Contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000.

Important Budget Considerations

The following are some useful budget tips:

  • Review your account history for several previous months to get a clear picture of where you are spending your money and how much is spent on each area.
  • Adhere to any discretionary spending limits that you establish for yourself.
  • For accounts where the payment amount will fluctuate, such as utility bills, use a high estimate when calculating your budget.
  • When attempting to eliminate debts, doing without luxuries and entertainment can be a small price to pay.

The chief benefit of a home budget plan is that it can force you to pay more attention to the money that you are spending. Oftentimes, considering smaller purchases or payments separately can cause you to underestimate the actual amount of your cash outflow, leaving you surprised when you are unable to make an important payment or when a check is refused by the bank.

Contact Us

Let us help you to move forward. Contact the Birmingham bankruptcy lawyers of Greenway Law, L.L.C., at (205) 324-4000 to schedule a free initial consultation.

"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