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.

Pension Exemptions

Each state can set their own exemptions for their individual bankruptcy codes. Alabama has established a special exemption for certain public workers. According to this exemption, these public workers can keep their pensions despite the terms of their bankruptcy. The exemption allows these individuals to essentially keep their retirement plan in place, even though they are going through bankruptcy and creating a plan to pay back creditors.

If you have reached a point of debt where financial recovery seems impossible, bankruptcy may be a viable choice for regaining control of your debt. For more information about how we can help debtors devise the best bankruptcy plans for their situation, contact the knowledgeable Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, at (205) 324-4000 today.

What Public Workers Are Eligible?

The exemption provided by the state applies to many different public workers. This exemption offers them to opportunity to keep a semblance of financial stability despite the seriousness of their debt. According to the state code, the following types of public workers can file for a pension exemption during their bankruptcy proceedings:

  • Teachers
  • State-level government employees
  • Police officers
  • Judges

With a pension saved from bankruptcy collections, these public workers can continue working at their important jobs without becoming overwhelmed with possible retirement concerns.

Contact Us

Bankruptcy may be the right solution for a debtor if they cannot manage their creditors any longer. If you are in this dangerous financial position, we may be able to help. To discuss what bankruptcy options could work for you, contact the experienced Birmingham bankruptcy lawyers 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