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.

Eliminating or Reducing Your Credit Card Debt

Unfortunately, credit card debts have a tendency to snowball out of control. If you miss a minimum payment on your credit card bill, interest rates can skyrocket – shooting up from 13 percent to 26 percent or more. This significant increase creates unmanageable bills that often result in a devastating amount of debt.

Many times, people will forgo their mortgage payments in order to make their credit card payments on time and avoid further interest rate increases. When this happens, they run the risk of losing their properties to foreclosure.

You do not have to be a victim of unmanageable credit card debt. By filing for Chapter 7 or Chapter 13 bankruptcy, you can regain control of your debts and rebuild your credit standing before you lose your home. Contact Birmingham bankruptcy lawyer Paula Greenway at (205) 324-4000 to learn more about your options.

How Chapter 7 Affects Your Debt

Chapter 7 bankruptcy, also known as liquidation bankruptcy, will eliminate your credit card debt. This bankruptcy option rids you of all unsecured debt, such as credit card and hospital bills.

Not everyone is eligible for Chapter 7 bankruptcy. Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, extensive requirements were established for those wishing to file Chapter 7. Some people who were formerly eligible to file are now turned away.

To determine whether or not you can file Chapter 7 bankruptcy, contact Birmingham bankruptcy lawyer Paula Greenway today at (205) 324-4000.

How Chapter 13 Affects Your Debt

Chapter 13 bankruptcy is a method of restructuring your repayment plan into a format that you can meet more easily. After filing, you will be given three to five years to pay back all secured debts. Many times, interest rates will be reduced, so your monthly payments will be lower. Unsecured debts can be reduced or eliminated, but in certain situations they must be paid back in full.

In order to be eligible for Chapter 13, you must have a steady source of income. This requirement is in place because your new plan is based upon how much money you make each month. Without a secure inflow of money, you will be unable to pay off your restructured debts.

To learn more about how you can file Chapter 13 bankruptcy, contact Birmingham bankruptcy lawyer Paula Greenway today at (205) 324-4000.

Contact Us

Filing for bankruptcy gives you federal protection against creditor harassment, wage garnishments, foreclosure and repossession. Credit card companies are also obligated to accept the terms of your new repayment plan. No other credit counseling plan can offer you this type of security.

If you would like to learn more about how filing for Chapter 7 or Chapter 13 bankruptcy can eliminate or reduce your credit card debt, contact Birmingham bankruptcy lawyer Paula Greenway at (205) 324-4000 to schedule a free consultation.

"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.
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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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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