by Paula Greenway | Oct 15, 2009 | Bankruptcy Filing, Bankruptcy Law, Birmingham Bankruptcy, Chapter 7, Greenway Bankruptcy Law, Personal Bankruptcy
Given the high number of people filing for Chapter 7, the Bush administration passed the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005. The act required people filing for Chapter 7 to pass the “means test.”The means test measures whether a debtor can...
by Paula Greenway | Oct 7, 2009 | Chapter 13, Chapter 7
When borrowers amass huge amounts of debt and are unable to repay some or all of it, lenders have alternative means for recovering debt payments. One way is through wage garnishments.Through wage garnishments, creditors recover debt by taking money from a borrower’s...
by Paula Greenway | Sep 30, 2009 | Chapter 11 Bankruptcy
Santa Fe Cattle Co. closed three of its restaurants recently, including one in Tuscaloosa. The restaurant chain, which is known for its Southwestern food, filed for Chapter 11 bankruptcy in July.The plan to close some of its restaurants is part of the...
by Paula Greenway | Sep 16, 2009 | Chapter 11 Bankruptcy
Dixie Pellets filed for Chapter 11 bankruptcy earlier this week. The alternative fuel plant in Selma laid off employees earlier this month and cited more than $100 million in debts, according to the bankruptcy filing.The plan is an affiliate of Harbert Management...
by Paula Greenway | Sep 10, 2009 | Jefferson County Bankruptcy, Municipal Bankruptcy
Jefferson County may file for bankruptcy soon. According to County Commission President Bettye Fine Collins, the county is facing the prospect of being unable to pay a $105 million bond payment due Sept. 15.Along with the bond payment, the county also may be unable to...
