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.

Borrowers' rights and their credit history

While not everyone’s credit application will be accepted, everyone has the right to know why. As required by the Equal Credit Opportunity Act, creditors must tell people why their credit request was denied.

The reasons for denying credit to someone can vary. For instance, the person may not have a credit file with a credit reporting agency. Also, the person’s credit file may report delinquent obligations.

If you or anyone you know has debt problems, contact the Birmingham debt negotiation lawyers of Paula Greenway at (205) 324-4000.

The benefits of a secured credit card

Some people who are recovering from bankruptcy have trouble improving their credit score. One strategy for improvement is to obtain a secured credit card.

Secured credit cards are based on collateral in a bank account. In other words, if someone obtains a secured credit card, that person’s credit limit will equal the amount in a checking account or other related account.

In most cases, using secured credit cards and then making credit payments on time will improve a person’s credit score. Once a person’s credit score improves, that person will be more capable of borrowing money.

If you or anyone you know is considering filing for bankruptcy, contact the Birmingham personal bankruptcy lawyer Paula Greenway at (205) 324-4000.

The means test for Chapter 7 bankruptcy

Given the high number of people filing for Chapter 7, the Bush administration passed the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005. The act required people filing for Chapter 7 to pass the “means test.”

The means test measures whether a debtor can pay off some or all of his debts. If a debtor fails the means test, then he cannot file for Chapter 7. However, the debtor still may be able to file for Chapter 13 reorganization bankruptcy filing.

If you or anyone you know is considering filing for Chapter 7, contact the Birmingham bankruptcy lawyer Paula Greenway at (205) 324-4000.

How to avoid wage garnishments

When borrowers amass huge amounts of debt and are unable to repay some or all of it, lenders have alternative means for recovering debt payments. One way is through wage garnishments.

Through wage garnishments, creditors recover debt by taking money from a borrower’s paycheck before it is issued to the borrower. Wage garnishments are not only common but typically legal.

However, borrowers have some rights. For instance, they cannot be fired for being in debt and lenders can only take 25% of their earnings in most cases.

In order to avoid wage garnishments, individuals should take one of a number of actions, including not overcharging their credit account, paying off their billsĀ  on time, and not ignoring late payment notices.

If you are struggling with debt and may face the prospect of wage garnishments, contact the Birmingham personal bankruptcy lawyer Paula Greenwayat (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."
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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+