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.

Fundamentals of Debt Negotiation

Life-altering events like job loss, divorce, death of a spouse, or other serious changes can often have a severe impact on a person’s finances. In some cases, people may find that they are no longer able to afford the lifestyle they are used to and may not be able to make regular payments on their debts. While bankruptcy is a common method of eliminating debt and moving on, individuals struggling financially may also turn to debt negotiation.

Persons who wish to deal with overwhelming debt but do not wish to file for bankruptcy may decide to turn to debt negotiation to work out a solution to their financial problems. While it is possible to contact your creditors on your own, it is wise to consult an experienced debt negotiation attorney to make sure you get the proper consideration for your claim. For more information on debt negotiation, contact the Birmingham debt negotiation attorneys of Greenway Bankruptcy Law, LLC at (205) 324-4000 today.

Negotiating with Creditors

When attempting to reach a debt negotiation settlement, many people find that:

  • It helps to demonstrate financial hardship. Creditors will often be hesitant to negotiate with you unless they see that you are truly struggling.
  • It is helpful to uncover their bottom-line. Creditors often will not disclose immediately how far they are actually willing to go to work with you.
  • Be prepared to adjust your expectations and work to find terms that fit your financial needs.

For many people, demonstrating financial hardship is often done through what is known as a hardship letter. A hardship letter is generally a detailed description of the events that led to your monetary problems and should include statements of your desire to repay what money you can to your creditors.

Contact Us

If you are experiencing serious financial problems and are struggling to repay your debts, contact the Birmingham debt negotiation lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000 to discuss your options.

"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."
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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+