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.

Debts that may remain after a bankruptcy procedure

Though filing for bankruptcy can be the ultimate recourse for some individuals who have been left with overwhelming debts, people should understand that in some instances there are debts that may still remain that debtors need to settle. Below are the following debts that cannot be relieved by a Chapter 7 or Chapter 13 bankruptcy filing:

  • Debts incurred from other parties claiming a drunk driving injury
  • Any debts that were not included after filing for bankruptcy
  • Unsettled criminal fines or any unsettled traffic fines

Individuals who have these kinds of debts should know they are obliged to settle them in full, whether they filed for bankruptcy or not. In the tough situation that you are considering filing for bankruptcy, working with a skilled attorney is important to help you clearly understand your situation and the complex filing process. Find out how a Birmingham attorney at Greenway Bankruptcy Law, LLC can help you today by calling (205) 324-4000.

Troy officials warn people of payday loan companies’ bad practices

A meeting was held recently in Troy City to inform residents about predatory loaning businesses, WSFA12 reported on June 12.

According to Troy City Councilwoman DeJerilyn King Henderson, many consumers did not know that they are likely paying more in interest to payday loan businesses compared to financial institutions. The public meeting held on June 11 also informed people about their rights when dealing with payday loan companies. Henderson further said that payday loan companies often target people who earn less and cannot afford to apply for regular loans. The city of Troy is one of the cities in Alabama that do not regulate payday loan companies.

The lawyers of the Greenway Bankruptcy Law, LLC, understand that in Birmingham alone, many people are burdened by overwhelming debts. If you think you are in such a situation, we may possibly offer you legal solutions to make your debt manageable again. Learn more about your legal options from us today by calling (205) 324-4000.     

Rapper exits bankruptcy

Rapper David Darnell Brown, better known as “Young Buck,” is getting a fresh financial start after exiting bankruptcy, a report stated on Thursday, September 19. The rapper filed for bankruptcy three years ago.

According to reports, the Tennessee rapper has paid some of his debt, but other creditors will not get paid, including rapper 50 Cent, who is owed around $117,000. Young Buck had to pay $391,333.59 according to a legal trustee. The rapper also settled his $42,699 tax debt in full. More than 85 percent of the claims worth $26,914.73 and $868.31 were already received by the New York State Tax Department from the rapper.

The 32-year-old rapper, who is expected to be released from prison this October, sought bankruptcy protection after the IRS raided his assets and sold his properties to pay his taxes.

Facing overwhelming debt can be frustrating; however, there are legal options that may be available to help you get a better handle on your finances, including filing for bankruptcy. Discuss your financial options if you are facing burdensome debts in Birmingham with a lawyer from Greenway Bankruptcy Law, LLC, by calling (205) 324-4000 today.

Vince Young’s properties auctioned off to cover debt

Constables from Harris County went to ex-NFL quarterback Vince Young’s home to take an inventory of his personal properties in preparation for paying off a loan of $1.7 million, a July 25 report from NBC sports showed. The former NFL player took the loan out two years ago and was not able to pay it back.

A judge allowed Young to keep personal property worth up to $60,000, but ordered the rest to be auctioned off. A recent attempt to file a temporary restraining order to avoid inventory was also denied.

Young claimed that he was duped by a financial adviser and that he did not understand what he was doing when he took out the loan.

Having your properties seized to pay off debt can be devastating. Fortunately, you may be able to avoid this, even if you have serious debts. Call the Birmingham offices of our legal team from Greenway Bankruptcy Law, LLC, at (205) 324-4000 today to talk about your options for addressing your debt.

Medical bills: a huge factor for personal bankruptcy

Millions of Americans are expected to file for bankruptcy this year due to expensive medical bills, a new data analysis reports.

According to the data gathered by NerdWallet Health, skyrocketing health expenses cause many people to file bankruptcy. In fact, Vice president for NerdWallet Health, Christina LaMontagne, said some 25 million people control medical costs by avoiding medications, which could result in a person facing more expensive medical bills.

Many Americans may think they went bankrupt because of unmanaged credit card or mortgage debts, but medical bills may also be the cause, LaMontagne also said.

Having expensive medical bills that you cannot afford can be overwhelming and stressful. If you have unmanageable medical debt and live in Birmingham, contact the legal team at Greenway Bankruptcy Law, LLC, at (205) 324-4000 to find out on how we can help you deal with this mounting debt.

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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (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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