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It can actually be the start of something good.
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Birmingham Aircraft Company Files for Chapter 11

Alabama Aircraft Industries, Inc., a company that is based out of Birmingham, has filed chapter 11 bankruptcy in order to reorganize their finances.

The company began facing financial trouble when they lost $5.8 million in revenue. The company also had expensive obligations for pension plans, which left them feeling as if they were in a long-term debt. By filing for chapter 11 bankruptcy, the company will be able to organize their pension plans in a way that does not produce debt. They are expecting to completely get out of debt by the summer of 2011.

Debt can happen to anyone. If you have debt and are thinking of filing for bankruptcy, please contact the Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC at (205) 324-4000.

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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.

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