by Paula Greenway | Jul 13, 2011 | Alabama Bankruptcy, Bankruptcy Filing, Birmingham Bankruptcy, Chapter 13, Chapter 7, Greenway Bankruptcy Law, Personal Bankruptcy
709,303 personal bankruptcies were filed between January 1, 2011 and June 30, 2011. This is 7.9 percent fewer than the number of personal bankruptcies filed in the same time period in 2010.According to the American Bankruptcy Institute, 2010 had the highest...
by Paula Greenway | Jun 29, 2011 | Chapter 11 Bankruptcy
A recent plan submitted by Lehman Brothers Holdings Inc. is garnering greater support than their previous bankruptcy exiting plan. The revised reorganization plan proposes giving creditors 21.1 cents to the dollar as opposed to the 21.4 cents proposed in the...
by Paula Greenway | Jun 21, 2011 | Alabama Bankruptcy, Bankruptcy Filing, Birmingham Bankruptcy, Chapter 7, Greenway Bankruptcy Law, Personal Bankruptcy
Many governmental entities across the country, at both the state and local level, are struggling to balance their budgets after the economic crisis. In an attempt to balance budgets, many government workers are experiencing salary deductions, higher...
by Paula Greenway | Jun 16, 2011 | Jefferson County Bankruptcy, Municipal Bankruptcy
Jefferson County officials say the county is moving closer and closer towards filing for bankruptcy. Commissioner Jimmy Stevens stated, “Bankruptcy has been on the stove, possibly moved to the front burner.”This week, a bill that would allow the county to raise...
by Paula Greenway | Jun 8, 2011 | Alabama Bankruptcy, Birmingham Bankruptcy, Foreclosure, Foreclosure Defense, Greenway Bankruptcy Law
In March, the mortgage delinquency rate in Birmingham saw a decrease from the rate in March 2010. According to national research firm CoreLogic, 6.93 percent of mortgage loans in Birmingham were 90 days or more overdue in March. A year before, 7.22 percent...
