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.

Preventing Repossessions

Repossession is a scary prospect, especially in a city like Birmingham. It’s hard to imagine what life here would be like without an automobile. Every year, however, thousands of people lose their cars and other property to repossession. If you are in danger of becoming a victim of repossession, there are steps you can take to protect yourself and your assets. You do not have to suffer the restrictions of living without a means of private transportation.

Birmingham bankruptcy lawyer Paula Greenway has the experience and qualifications to help you catch up on your missed payments and save your property. By filing for bankruptcy, you have federal protection from the threat of repossession. Contact Greenway Bankruptcy Law, LLC today at (205) 324-4000 to schedule a free initial consultation.

How Filing for Chapter 7 or Chapter 13 Bankruptcy Can Help

By filing for either Chapter 7 or Chapter 13 bankruptcy, you can halt creditor harassment and take the time necessary to regain control of your financial situation. All processes of foreclosure, repossession, and garnishments are also stopped.

A Chapter 7 filing will give you a total of thirty days to catch up on your missed car payments. It will also put a hold on the repossession process while you repay the owed money.

A Chapter 13 filing will give you up to five years to catch up on your missed payments. Depending on your situation, your interest rate may also be reduced.

For Chapter 13 filers with automobiles that are over two and a half years (910 days) old, the only required payment is interest on the present value of the car. In these cases, the interest would be reduced to the prime rate, along with a 2% risk factor. This means that the interest rate can go from as much as 21% to as little as 7.5%. The full amount owed does not have to be repaid.

Contact Us

If you are in danger of having your assets repossessed, then filing for bankruptcy can provide the protection and breathing room you need. Contact Birmingham bankruptcy lawyer Paula Greenway today at (205) 324-4000 to schedule a free initial consultation and explore your options.

"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