Two Alabama counties ranked first and second on a list of U.S. counties with the highest number of bankruptcy filings in December 2010.
Baldwin County held the highest bankruptcy rate of all U.S. counties at more than 7 times the national average for filings. Greene County was ranked second on the list.
The oil spill is believed to have had a significant impact on the number of bankruptcy filings in Baldwin County, while Greene County has been troubled by high unemployment and poverty rates.
If you are struggling with a large amount of debt and cannot afford to keep up with your monthly payments, you are not alone. To learn more about how bankruptcy can help you restart your finances, contact the Birmingham personal bankruptcy lawyers of GREENWAY BANKRUPTCY LAW, LLC, today at (205) 324-4000.