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.

Financial relief available for unemployed individuals

It is truly a frustrating situation for any person to have overwhelming debts, and it can be even more worrisome if a person just lost his or her job. Unemployed individuals and those who are underemployed with overwhelming debts should know there is a bankruptcy option available for them.

While unemployed individuals may not be allowed to file for Chapter 13 bankruptcy due to its repayment plan, they could be eligible to file for Chapter 7 Bankruptcy. Chapter 7 is a viable option for financially distressed people because they can continue seeking bankruptcy protection without worrying about having a repayment plan. This type of bankruptcy is designed for debtors who are not getting any income or those who are earning a very small amount of income.

If you have made the difficult decision to file for bankruptcy due to overwhelming debt, working with a knowledgeable attorney is important, especially if you are unaware of the complicated filing process. Get in touch with a Birmingham attorney at Greenway Bankruptcy Law, LLC today by calling (205) 324-4000 to see how we can make the process easier for you.

Former Clippers player Darius Miles files for bankruptcy protection

Former NBA player Darius Miles recently sought bankruptcy protection after playing for several seasons and earning millions of dollars, an article of Belleville News-Democrat reported on September 16.

The 34-year-old former player of the Los Angeles Clippers decided to file for bankruptcy in June after acquiring too much debt. Miles acknowledged that his liabilities amounted to $1.57 million while his current assets are $460,385. The former hoopster, who also appeared in the movie The Perfect Score and was endorsed by Michael Jordan’s sporting line, was struck with too much debt after injuries rendered him unable to play. A former NBA union vice president said it is common for athletes to run into debt because they are not familiar with how to handle the business aspect of their career.

If you are burdened by debt, working with an attorney is critical, especially if you have decided to file for bankruptcy and are unfamiliar with the process. Speak with an attorney at Greenway Bankruptcy Law, LLC in Birmingham today by calling (205) 324-4000 to learn more about your legal options.

Each member of boy band Blue has sought bankruptcy protection

Singer Lee Ryan of the once-famous R&B group “Blue” has sought bankruptcy protection, the 4th and last member of the group to make that decision, a May 18 article of The Guardian stated.

The 31-year-old music artist was pressured to file for bankruptcy by a debt collection firm. Ryan’s former band mates Simon Webbe, Duncan James, and Antony Acosta have all sought bankruptcy protection within the eleven years since their disbandment. A statement coming from a representative said that Ryan decided to file for bankruptcy in order to move forward and make the best decision for his family’s future.

In this tough situation that you are struggling with overwhelming debt, filing for bankruptcy is worth considering. The Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, can answer your questions about bankruptcy and help you decide on the best option for your specific situation. Call our office today at (205) 324-4000 to find out how we may help you.

San Bernardino becomes third California city to file for bankruptcy

In the past two months, three separate cities in the state of California have decided to file for bankruptcy protection. The latest filing decision comes from the City Council in San Bernardino.

According to reports from this city of approximately 210,000 individuals, San Bernardino is short approximately $45.8 million in this year’s budget for the city. Some vendors to the city have stopped receiving payment, and the City Council is unsure of whether it can make payroll for the next three months.

The first city in the state of California to file for bankruptcy protection was the city of Stockton on June 28. Mammoth Lakes also voted to file for bankruptcy protection on July 3, and now San Bernardino will add its name to the list.

If you have questions concerning the best time to file for bankruptcy, please contact the bankruptcy lawyers of Greenway Bankruptcy Law, LLC, by calling (205) 324-4000 today.

Bankruptcy sought by Strauss Auto for the 5th time

Strauss Auto has recently been nicknamed a “Chapter 55” company because it has now filed for Chapter 11 bankruptcy five times.

The first time Strauss Discount Auto stores filed for bankruptcy was in 1979. Since that day, the company has filed for bankruptcy four more times, with the most recent one taking place this year. Numerous reasons have been behind the filings, and several different owners have tried to pull the company out of bankruptcy.

Currently, there are 46 Strauss Discount Auto stores still open in the United States. With the most recent filing, all of those locations will shut their doors. The assets of the company will be sold, and it will undergo a liquidation process. Due to the poor economy, multiple bankruptcy filings by the same companies have been noticed in recent years.

If you are considering filing for bankruptcy, you need experienced representation on your side in order to help you through this process. Please contact the bankruptcy lawyers of Greenway Bankruptcy Law, LLC, by calling (205) 324-4000 today to learn if you are eligible for bankruptcy protection.

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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.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000