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.

Steps to Becoming Debt-Free

Many Americans find themselves deep in debt and are not quite sure how they got there. Getting in to debt is easy enough, but getting out of debt takes time, patience, and self-control. If you are ready to get out of debt and get your life back on track, some simple guidelines that can point you in the right direction are as follows:

  • Keep track of your spending. Many people do not realize that small purchases– daily coffee, take-out lunches, bottled water– can add up quickly. You may realize that you are spending more than $100 a week on unnecessary items. By reducing your spending to only the things you really need, you can save over $5000 in one year and apply this to your debt.
  • Always make your minimum payment. You may think that if you wait a few days past the due date, you will have enough money to make a higher payment. However, credit card companies add excessive fees and other penalties to those who miss payments, adding even more to your debt.
  • Pay off debts with high interest rates first. It might seem logical to pay off smaller loans first before tackling larger ones. However, it is important to being paying off debts with high interest rates as soon as possible, regardless of how large or small. Higher interest rates mean that the longer you have the debt, the more money you will owe.

Each of these steps you can take on your own to work to reduce your debt. However, for some people, these steps alone are not enough. In some cases, a Birmingham debt consolidation lawyer can help you negotiate with creditors, consolidate your debts, give you financial advice, and take other steps to try to help you improve your situation.

Contact Us

If you are struggling with excessive debt, the Birmingham bankruptcy lawyers at Greenway Bankruptcy Law, LLC can help. Contact our offices today at (205) 324-4000 for more information.

"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