The rate of foreclosures in the Birmingham area declined in the month of August, according to a mortgage researcher. The data shows that in August, the rate of foreclosures was 1.62 percent. This percentage was down slightly from August 2011 when the rate of...
Alabama Bankruptcy
Unemployment and Chapter 7 Bankruptcy
Choosing to file for bankruptcy can be a difficult decision, and there are several factors that should be considered before making this decision. One of these factors regards unemployment and the affect it has on the bankruptcy process.There is a repayment plan...
Jefferson County Can No Longer Afford to Keep Hospital Open
Nearly a year ago, Jefferson County filed a $4.23 million bankruptcy case and now, they have claimed that they can no longer afford to keep a Birmingham hospital open. The hospital has 319 beds and offers in-patient services, but with only a few dozen patients a day,...
Birmingham produce company to pay creditors in bankruptcy ruling
A judge has issued a ruling in Birmingham-based Adams Produce’s Chapter 11 bankruptcy filing. Monday’s ruling states that Adams must pay its creditors a total exceeding $8 million.Adams Produce filed for bankruptcy in April of this year, prompting many of the...
Foreclosure activity in Alabama falling
Across the state of Alabama, foreclosure activity has been declining. In the month of May, the number of foreclosures that were filed fell by 20.6 percent from the filings that occurred in April.According to a mortgage researcher, one in every 1,518 houses were...
Foreclosures across Alabama decline in 1Q
A research firm specializing in foreclosures has reported that foreclosures in the state of Alabama declined during the first quarter of 2012. The foreclosures declined by 18.6 percent in Alabama, as compared to the first quarter in 2011, and totaled...
Foreclosure activity continues to fall in 2012
Foreclosure activity has continued to decrease on a year-over-year basis in Alabama in 2012. According to a RealtyTrac report, January’s foreclosure activity was lower than it was a year before.Last month, 1,489 foreclosure filings were filed throughout the state....
Mortgage delinquencies and foreclosures decrease in Birmingham
According to foreclosure research company CoreLogic, foreclosures and mortgage delinquencies decreased in Birmingham in November.In November, the foreclosure rate on outstanding mortgage loans in the metro Birmingham area was 1.58 percent. The foreclosure rate...
Personal bankruptcies decrease in 2011
Last week, the National Bankruptcy Research Center announced that personal bankruptcies decreased by 12 percent in 2011. A total of 1.35 million people in the U.S. filed for Chapter 7 or Chapter 13 bankruptcy last year.In 2010, about 1.5 million people filed for...
Birmingham-Hoover foreclosure rate increasing
A recent report from CoreLogic says that the foreclosure rate in the Birmingham-Hoover metro area is increasing.In June, the foreclosures in the area increased by 1.67 percent from May. In addition, June foreclosures in Birmingham-Hoover were 1.43 percent higher...