by Paula Greenway | Aug 20, 2010 | Alabama Bankruptcy, Bankruptcy Filing, Birmingham Bankruptcy, Chapter 13, Chapter 7, Greenway Bankruptcy Law, Personal Bankruptcy
According to the American Bankruptcy Institute, Alabama’s bankruptcy rate is the fifth highest in the nation.A researcher said that Alabama has 7.42 bankruptcy filing per 1,000 residents. The national average is at 5.05 and Nevada had the highest rate of all the 50...
by Paula Greenway | Jul 30, 2010 | Birmingham Bankruptcy, Foreclosure, Foreclosure Defense
In a report by the mortgage researcher RealtyTrac, metro Birmingham seems to be seeing the beginnings of a decline in foreclosure rates.In the first six months of 2010, there were 4,857 foreclosure filings- equivalent to one in every 104 housing units. This is a...
by Paula Greenway | Jul 22, 2010 | Alabama Bankruptcy, Birmingham Bankruptcy, Chapter 11 Bankruptcy
Bloomberg reports that Nexity Financial Corp. has filed for bankruptcy. According to Bloomberg, “The Birmingham, Alabama-based company listed both assets and debt of as much as $50 million today in Chapter 11 documents in U.S. Bankruptcy Court in Wilmington,...
by Paula Greenway | Jul 15, 2010 | Alabama Bankruptcy, Birmingham Bankruptcy, Foreclosure, Foreclosure Defense, Greenway Bankruptcy Law
The Wall Street Journal reports that, across the country, home values are falling well below the price of the mortgage. Many of these owners are abandoning the properties. According to The Wall Street Journal, “Now, in the case of one defunct mortgage lender, the...
by Paula Greenway | Jul 9, 2010 | Bankruptcy Filing, Greenway Bankruptcy Law, Personal Bankruptcy
According to Emmeline Zhao of The Wall Street Journal, “Consumer bankruptcy filings reached their highest point since 2005 in the first half of this year.” In the first sixth months of 2010, there was a 14 percent increase in filings compared to the same time period...
