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.

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.     

Debt management tips for seniors

ABC 7 offered some tips for senior citizens who may be struggling with debts as they reach retirement age. In this situation, you may want to consider the following ways to decrease stress over your finances:

  • Identify all expenses and create a workable budget.
  • Look for other ways to receive additional funds; however, make sure that other public benefits you get, like Social Security, are not affected.
  • For those who have several debts, you may want to consider paying at least the monthly minimum of the debt with the highest interest rate. Another option is to consolidate debts in order to achieve a more manageable monthly payment.
  • For those who are at a loss, pursuing help from an experienced attorney may help you weigh your options.

The Birmingham legal team of Greenway Bankruptcy Law, LLC, works for senior citizens and others who are overwhelmed by accumulating debts. Our skilled lawyers are committed to helping people regain stable financial footing. Find out how we may work for you today by calling (205) 324-4000.

Workable tips student loan borrowers may consider

Student loan borrowers who are facing trouble repaying their balance may consider the following tips in order to best manage their debts:

• Be sure to closely review the terms of your loan as there will likely be a range of repayment options available.
• Individuals may want to consider merging their various loans in order to pay one balance at a lower monthly rate.
• Individuals who are having difficulty finding a job may consider requesting deferment or forbearance to temporarily delay repaying their student loan note.
• Borrowers may want to find out if they qualify for repayment plans based on their individual income.

Aside from these helpful tips, enlisting an experienced student loan attorney may be indispensable for those in more serious situations. Our attorneys are experienced in handling and managing student loan debt for people doing their best to stay financially afloat. Find out how the Birmingham-based attorneys of Greenway Bankruptcy Law, LLC may work for you today by calling (205) 324-4000.

Depression symptoms related to unsecured debt

According to a recent study, older people are likely to exhibit signs of depression if they are plagued with a certain amount of unsecured debt, a Newsday article stated on August 1.

In the study conducted at Rutgers University, the researchers stated that an estimated 30 percent of people aged 51 and above have unsecured debts, such as from a credit card or unpaid bills. The study also revealed that the higher the debt was in proportion to income, the greater the chances that person showed signs of depression. A different study listed the average amount of credit card debt for adults 50 and over was $8,300.

In times of financial hardship, debts can quickly become unmanageable and overwhelming. However, there may be method of recourse for those in debt to start again. The attorneys at Greenway Bankruptcy Law, LLC, may be able to offer you legal solutions to mitigate or manage your debt. To learn more, call our Birmingham offices at (205) 324-4000 today.

"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