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.

Foreclosure Statistics

Many Americans are facing the toughest economic conditions they have ever seen. With jobs scarce, many people have realized that they may not be able to weather these tough times. As a result, fears over foreclosure have certainly increased as economic improvement has been slow to arrive. With a troubled housing market, bankruptcy may be a more reasonable option for some Americans than going through foreclosure.

For more information on bankruptcy and how it can help you avoid foreclosure, contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC, at (205) 324-4000 today.

Foreclosure, Debt, and American Homeowners

Bankruptcy works for many homeowners as a means to not only avoid foreclosure proceedings, but to also deal with the root cause of their financial problems. Consider some of the following statistics on foreclosure and debt among American homeowners:

  • About 250,000 homeowners face foreclosure on an annual basis
  • Roughly 1 out of every 200 houses will be foreclosed on
  • 43% of American households spend more than their income allows
  • 52% of employees consider themselves living paycheck-to-paycheck

These figures, provided by the Mortgage Bankers Association, Homeownership Preservation Foundation, and a MetLife benefits study, illustrate a major crisis among American homeowners. Fortunately, when debt and other financial problems become overwhelming, bankruptcy can provide a viable solution.

Contact Us

If you are facing foreclosure, bankruptcy may provide a solid way for you to keep your home while you work through your debt. For more information regarding bankruptcy and how it may be able to help you, contact the Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, today by calling (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 |  Directions | Paula Greenway+