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.

Managing Your Debt

Sometimes, debt can become overwhelming. When you accrue too much of it, you may feel in over your head and completely unable to manage it. However, you should always remember that there are options available that will help you take hold of your monetary situation and reduce your debt in a steady manner. By consolidating your debts, enlisting the help of a debt management program, or even filing for bankruptcy, you can enter a positive financial standing.

Debt Consolidation and Debt Management

Debt consolidation is a way that you can turn all of your debts into one lump payment that you must make each month. This approach offers both the ease of simplicity as well as, many times, a lower overall interest rate. Not only that, but debt consolidation can also lower your monthly payments by extending the length of the payback period.

Debt management companies offer services and benefits that are very similar to debt consolidation. Instead of consolidating your loans into a single one that you pay directly every month, these companies collect a single payment from you and distribute it to your various creditors. They often negotiate lower monthly payments and lower interest rates, as well.

Filing for Bankruptcy

Finally, you can file for bankruptcy as a method of debt relief. Under Chapter 7 bankruptcy, your estate is divided into exempt and non-exempt assets, and the non-exempt items are sold to pay off your debts. Under Chapter 13, your debt repayment plan is completely restructured in order to make your monthly payments reasonable and easily met. Chapter 13 also offers filers the protection of an automatic stay, which halts foreclosure proceedings, repossessions, and creditor harassment.

Contact Us

If you would like to learn more about the debt management options available to you, contact Birmingham bankruptcy lawyer Paula Greenway 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