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.

Millions may benefit from Trump’s student loan plan proposal

A December 14 article of Forbes revealed millions of people struggling to repay their student loan debts are expected to benefit from the proposal of president-elect Donald Trump.

A month before the presidential election, Trump said in Ohio that student loan debts should not be a lifetime burden to people and students should not be subject to debt that is impossible to repay. Trump is proposing a limit on the monthly payments to 12.5 percent of the borrowers’ income. Any remaining debt of the borrower would be forgiven after paying monthly dues for 15 years. The government currently allows students pay their debts for 10 years, and repayment plans are offered to them if they experience hardships in settling their monthly dues.

The Birmingham attorneys at Greenway Bankruptcy Law, LLC are knowledgeable about the student loan law and want to assist individuals who are struggling to pay off their debt. If you are experiencing financial difficulties, we may be able to offer solutions to help you. Learn more about your options from us today by calling (205) 324-4000.

Tori Spelling sued for failing to settle debt

A lawsuit was recently filed against American actress Tori Spelling due to allegations that she failed to settle her overwhelming credit card debt, an October 4 article of Toronto Sun reported.

Reports revealed that American Express filed a lawsuit against Spelling, 43, after she failed to settle nearly $37,982 worth of credit card debt. The credit card company decided to sue the actress because she was not doing anything to settle the money she owed. Spelling’s mother claims she is not helping the actress with her credit card debts even though she has provided her with other forms of financial support. Spelling experienced financial hardships after she and her spouse were sought by the IRS to pay federal and state taxes amounting to roughly $1 million.

At Greenway Bankruptcy Law, LLC, we represent people in Birmingham who are sued because of overwhelming debts. If you are experiencing such financial hardship, we may be able to offer you legal assistance to get rid of your financial problems. Call our office today at (205) 324-4000 to learn more about your legal options.

Take a summer vacation while avoiding debt

For many families, credit card debt is an expected consequence of a nice vacation: American Express reports that a family of four is likely to spend approximately $4,580 on a vacation.

Families who are on a tight budget may want to explore destinations nearby. Public places such as national parks and other recreation sites are worth considering for those who want to avoid the expense of traveling but still want to get away. People who have friends in other cities may consider staying at their place for a while or try swapping homes with relatives or friends. Similarly, because gasoline is still inexpensive, people may consider traveling by car instead of plane. Road tripping makes travelling considerably less expensive, especially since families can bring their favorite foods in a cooler and stay at affordable lodging facilities while on the road.

The legal team at Greenway Bankruptcy Law, LLC in Birmingham understands that many people are struggling with their finances due to overwhelming credit card debt. If you have amassed serious debt, we may be able to offer you the necessary advice to help you negotiate your debt. Find out how we may be able to work for you by calling (205) 324-4000.

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.

Handling credit card debt during unemployment

Facing unemployment is frustrating, espeically if you are burdened with credit card debt. Individuals who are in a situation like this may want to consider the following ways to alleviate their situation:

  • If you are currently looking for potential employers, it is important that you are capable of stretching your money–though make it a point to settle at least the minimum of your monthly dues.
  • Consider notifying your credit card provider about your unemployment; this is crucial mostly if you are planning to negotiate a delay or decrease in your payments.
  • Avoid financing assistance that comes with high interest rates offered by credit card companies.
  • Avoid any unnecessary expenses during unemployment and try to improvise ways to further decrease your daily expenses.

Aside from these tips, the lawyers of Greenway Bankruptcy Law, LLC, in Birmingham also offer other ways to help unemployed or employed individuals who are stuck with overwhelming debt. If you want to know more about the options that could alleviate your financial situation, call us today at (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.     

Many Americans remain plagued by serious credit card debt

According to a new survey, many American families are still affected by overwhelming credit card debt, although the number is decreasing, an April 10 article of KOMO News stated.

In the survey conducted by the National Foundation for Credit Counseling (NFCC), it was revealed that one in three family members is having trouble paying the monthly credit card balance. Those individuals who fail to pay their monthly dues eventually struggle with their debt because of the accumulating monthly interest. To manage credit card debt, NFCC Vice President of Communications Bruce McClary suggests that people should faithfully pay their monthly credit card balance in full.

If you are heavily burdened by overwhelming credit card debt, enlisting a lawyer could help you understand the legal options available to you that may help you recover from your debt. Call the Birmingham lawyers of Greenway Bankruptcy Law, LLC, today at (205) 324-4000 to find out how we may work for you.

Senator proposes alternative to payday loans

In a proposed bill, U.S. Senator Sherrod Brown suggested allowing families to withdraw money they would have received on their tax return, thereby allowing them to avoid the high interest of predatory payday loans, 1370 WSPD reported on January 19.

According to the proposed bill, instead of resorting to payday loans, which quickly sink many families into debt as they struggle to pay on interest, employees who qualify for Earned Income Tax Credit (EITC) may acquire cash advances from their employers, which would then be withdrawn from their tax return. Senator Brown’s move reportedly would help millions of Americans burdened by debt from short-term loans. Employees may get a cash advance for as much as $500. The cash advance to employees would be paid by the Internal Revenue Service (IRS) to the employer.

In Birmingham alone, the legal team of Greenway Bankruptcy Law, LLC, understands that many employees are burdened with debts from the high interest rates imposed by payday loan companies. If you are in such a situation, our lawyers may also offer you legal options to alleviate your financial problems. Call our office today at (205) 324-4000 to find out how we may work for you.

Ways to manage credit card debts after the holidays

Credit card holders who have splurged during the holiday season may consider the following tips to possibly lessen the headaches come repayment time, a Market Watch article stated on January 5 .

• Credit card holders may want to pay their cards with the highest interest rates first followed by other cards with low interest rates. Individuals who do this not only improve their credit score but also get lower interest rates on their future transactions.
• On the other hand, individuals who need a little encouragement may want to prioritize paying their cards with lower interest rates.
• Reputable card holders with a solid history who are struggling financially may ask their issuer to lower their interest rates.
• Another option for reputable card holders is to move their balance from one card to another. Moving balance from a card with high interest rate to card with lower rate can be beneficial.
• For card holders who like to budget, another option is to pay their card’s monthly due slightly above the minimum to reduce the payment duration and interest rates.

Though the following tips are helpful in managing credit card debt, working with a lawyer is also beneficial mostly if you believe your debts are already unmanageable. Find out how the Birmingham lawyers of Greenway Bankruptcy Law, LLC may possibly help you with your debt today by calling (205) 324-4000.

Student loan debt burdens baby boomers

According to research, the amount of student debt held by the American elderly has escalated in recent years, the New York Times reported on September 12.

According to the “Household Debt and Credit Report,” unsettled student loan debts held by senior citizens reached $43 billion from the $8 billion recorded nine years ago. Data from the Treasury Department stated that since last July 31, the Social Security benefits of nearly 140,000 elderly citizens are being deducted to cover their unpaid student loans. The Federal Reserve Bank of New York stated that an estimated 2 million elderly in America aged 60 and above are plagued with student loan debts.

Suffering from overwhelming student loan debts can be frustrating, especially if you depend on Social Security benefits and your finances are already limited. However, if you are experiencing this in Birmingham, the lawyers at Greenway Bankruptcy Law, LLC, may work for you. Find out how our lawyers may possibly help you get rid of your debts today by calling (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+