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.

Jefferson County has 80% chance of filing for bankruptcy

The Jefferson County commissioner has announced that the county has an 80 percent chance of filing for bankruptcy.

The commissioner made this announcement after a day full of meetings with bankruptcy lawyers. She is now the first democrat that supports the plan for the county to file for bankruptcy. This option is looking like more and more of a possibility if a settlement is not reached with creditors.

Creditors have yet to respond to a settlement that was submitted last week that will increase sewer costs in order to erase $1.3 billion of a $3.14 billion sewer debt that has been around since 2008. A discussion with creditors was hoped to be reached by this week, but it has not occurred at this time.

If you or a loved one has been considering bankruptcy, you need experienced representation on your side. Contact the bankruptcy lawyers in Birmingham of Greenway Bankruptcy Law, LLC, by calling (205) 324-4000 today.

Foreclosure filings down across country

According to the Birmingham Business Journal, foreclosure filings in the U.S. have decreased by 25 percent over the past 6 months.

Furthermore, looking at comparing the first 6 months of 2011 to the first 6 months of 2010, the country has experienced a 29 percent drop in foreclosure filings.

Foreclosure data was complied in RealtyTrac’s Midyear 2011 Foreclosure Market Report.  So far this year, 1,170,420 properties in the U.S. have received foreclosure filings.  These include default notices, bank repossessions, and auction sale notices.

RealtyTrac’s report says that from January through June this year, there have been 14,399 foreclosures in Alabama and 23,095 homes put up for sale.

To discuss defending your property from foreclosure with an experienced attorney, contact the Birmingham foreclosure defense lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000 today.

Personal bankruptcies decrease in 2011

709,303 personal bankruptcies were filed between January 1, 2011 and June 30, 2011.  This is 7.9 percent fewer than the number of personal bankruptcies filed in the same time period in 2010.

According to the American Bankruptcy Institute, 2010 had the highest number of bankruptcies filed since new bankruptcy laws went into effect in 2005.  Experts predict that a total of 1.46 million bankruptcies will be filed in the U.S. by the end of this year.

119,768 personal bankruptcies were filed in the U.S. in June.  This is a 4.3 percent increase from the number of personal bankruptcies filed in the month of May and a 5 percent year-over-year decrease.

If you are considering filing for personal bankruptcy, contact the Birmingham personal bankruptcy lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000 and set up an appointment to meet with one of our attorneys today.

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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.

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