by Paula Greenway | Jan 13, 2011 | Alabama Bankruptcy, Birmingham Bankruptcy, Chapter 13, Chapter 7, Greenway Bankruptcy Law, Personal Bankruptcy
Two Alabama counties ranked first and second on a list of U.S. counties with the highest number of bankruptcy filings in December 2010.Baldwin County held the highest bankruptcy rate of all U.S. counties at more than 7 times the national average for filings. Greene...
by Paula Greenway | Jan 5, 2011 | Bankruptcy Filing, Chapter 13, Chapter 7, Greenway Bankruptcy Law, Personal Bankruptcy
According to the American Bankruptcy Institute, there was a 9 percent increase in personal bankruptcy filings between 2009 and 2010. An estimated 1.53 million households filed for bankruptcy in 2010.While the economy has started to show hints of improvement, many...
by Paula Greenway | Dec 15, 2010 | Alabama Bankruptcy, Bankruptcy Filing, Birmingham Bankruptcy, Greenway Bankruptcy Law, Personal Bankruptcy
The economic stress of the nation is at an 18-month low due to the gains in employment which have helped offset the country’s high foreclosure rates.In the 28 states and nearly 3,001 counties that were studied, stress fell 56 percent. A demand overseas for U.S....
by Paula Greenway | Nov 22, 2010 | Chapter 11 Bankruptcy
U.S. marketing services provider Vertis Holdings Inc (VRTH.PK) filed for bankruptcy last week for the second time in two years, with the goal of eliminating about $700 million of debt from its balance sheet.The Baltimore, MD-based company filed for Chapter 11...
by Paula Greenway | Nov 15, 2010 | Chapter 11 Bankruptcy
Orleans Homebuilders, the Bensalem, Pennsylvania-based company, filed for bankruptcy protection last March after defaulting on a credit facility. This week, the company sought court approval for a $155 million loan that would help it emerge from bankruptcy.The loan...
