In a world where financial success is often glamorized, it’s easy to forget that many famous individuals have faced severe monetary struggles and even filed for bankruptcy. At Greenway Law Group in Birmingham, Alabama, we believe in the power of recovery and the resilience that comes with it. To inspire our clients, we’re showcasing a few renowned individuals who filed for bankruptcy and managed to bounce back stronger.
How Social Media Has Changed Debt Collection In the past decade, technology has drastically changed how people manage their finances and interact with financial services. With the advent of social media and sites such as Instagram, Facebook and Tik Tok playing a more...
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...
Homeowners should know how the foreclosure process works in Alabama for them to better avoid getting in trouble with lenders once they have started to be considered delinquent.In Alabama, foreclosure is primarily done outside the court (non-judicial) but does often...
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...
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...
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...
A September 13 article released by CoreLogic revealed the foreclosure inventory rate in the U.S. significantly fell in July compared to the same month in previous years, an article of the National Mortgage News stated. According to reports, the foreclosure...
Those who can no longer manage their debts may want to consider filing for Chapter 13 Bankruptcy. Also referred to as a “wage earner’s plan”, chapter 13 bankruptcy is a solution that gives an individual the capacity to create a plan to pay back all or a portion...
Individuals should know that there are steps they can take to buy a home after completing a foreclosure procedure. Buying a home should be an option families consider because continually renting a home can become expensive and mortgage rates are becoming affordable...