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.

Understanding debt negotiation

Individuals in Birmingham who are dealing with overwhelming debt may hesitate to do anything about it because they feel that bankruptcy is their only option. Fortunately, that is not true. Debt negotiation is a process by which individuals who are struggling with debt may enlist the help of a financial attorney to renegotiate the terms of certain loans or debts. This option often allows every party to walk away feeling satisfied with their new arrangement.

During the negotiation process, a representative, usually an attorney, will meet with creditors on your behalf in order to take a look at the terms of your loan. You may be able to change things like the interest rate or payment schedule to better suit your situation.

Individuals who are considering debt negotiation should be wary of fraudulent companies who offer this service with no intention of honestly working on your behalf. There are unscrupulous organizations that will take advantage of those in financially vulnerable situations; that is why it will be important for you to find a bankruptcy attorney you can trust.

The lawyers at Greenway Bankruptcy Law, LLC, work for financially-troubled individuals in Birmingham who are interested in the debt negotiation process. Our trustworthy lawyers will work to protect your interests so that you can regain your financial footing. Call (205) 324-4000 today to learn about our services.

Financial documents required for bankruptcy

Filing for bankruptcy, while frightening, can often provide individuals and families with a great deal of relief from financial hardships. If you have decided to file for bankruptcy in Birmingham, you will need to collate and provide several important financial documents.

Usually, the bankruptcy court requires debtors to submit their income statements, a complete list of assets, any existing loans or obligations, ongoing leases or contracts, expenditures, and tax returns. The financial documents that will be submitted should be accurate and without omissions. While preparing such documents is a court requirement, it also provides individuals filing for bankruptcy with the opportunity to assess all of their financial obligations.

Working with a lawyer to compile and present all of this information can be the difference between an approval and a denial. It is essential that you submit a complete and accurate application to the court when filing for bankruptcy, and the attorneys at Greenway Bankruptcy Law, LLC can help you do just that. Call us today at (205) 324-4000 to learn more about how we can help you find your financial footing.

Glen and Cristy Rice’s Miami condominium facing foreclosure

The Miami condominium jointly owned by former basketball star Glen Rice and his ex-wife Cristy Rice is being threatened with foreclosure, a November 6th article reported.

According to reports, the bank who gave the former couple the loan for the property has claimed that Glen and Cristy have not made a payment on the $1,401 monthly mortgage of their condo unit in the Neo Vertika building in downtown Miami since February.

The condominium apparently was bought by the Rices in 2006 as an investment after Glen retired from the L.A. Clippers. The ex-couple still owes a portion of the original $500,000 mortgage. Cristy reportedly sought legal help to challenge the foreclosure, claiming that the bank failed to follow the right procedures in their foreclosure claim.

Unfortunately, many families are devastated upon realizing that their home is being threatened with foreclosure. If you are facing this frightening and stressful prospect, consider seeking the assistance of a bankruptcy attorney who may be able to help you protect your home. To discuss your case with the attorneys at Greenway Bankruptch Law, LLC, call our Birmingham office today at (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."
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.
Schedule an Appointment
In the News

Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

home  |  firm profile  |  practice areas  |  articles  |  faqs  |  blog  |  contact us  |  evaluation  |  sitemap  |  Log in
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+