by Paula Greenway | Dec 13, 2011 | Greenway Bankruptcy Law
With many school districts beginning their winter breaks and students preparing for the holidays, teachers should be aware that a new law in Alabama prohibits them from accepting gifts of monetary value.In many places, students giving teachers gifts for the holidays...
by Paula Greenway | Nov 29, 2011 | Chapter 11 Bankruptcy, Greenway Bankruptcy Law
Last week, AMR Corp., owner of American Airlines, filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court for the Southern District of New York.AMR said that filing for bankruptcy is the best thing for the company and their customers at this time. American...
by Paula Greenway | Nov 14, 2011 | Bankruptcy Filing, Greenway Bankruptcy Law, Jefferson County Bankruptcy, Municipal Bankruptcy
Last week, Jefferson County commissioners voted 4-1 to file for bankruptcy. The bankruptcy filing is reportedly the largest bankruptcy petition filed by a municipality in the history of the U.S.The filing was made on Thursday. A federal judge in Birmingham...
by Paula Greenway | Nov 4, 2011 | Bankruptcy Filing, Personal Bankruptcy
In October, personal bankruptcies decreased for the fourth consecutive month. Experts suspect the decline in consumer bankruptcy filings is related to a decrease in the use of credit.Executive director of the ABI Samuel Gerdano stated, “The declining filings...
by Paula Greenway | Oct 26, 2011 | Chapter 11 Bankruptcy
This week, Lehman Brothers Holdings Inc. announced that their plan to exit bankruptcy has the approval of their creditors. Lehman’s creditors hold about $160 billion of the investment bank’s debt.The bank has 9 new settlements that they believe will provide...
