Earlier this month, “Troubleshooter” Tom Martino filed for Chapter 7 bankruptcy. Martino hosts television and radio shows on consumer-advocacy based in Denver, Colorado.Martino says that all of his debt is related to commercial real estate projects and that he...
Greenway Bankruptcy Law
Former state representative files for bankruptcy
Former Alabama State Representative James Gordon recently filed for bankruptcy protection for himself and his business, the Alabama Injury and Pain Clinic.The business filed for Chapter 11 bankruptcy in hopes of reorganizing and continuing operations. Gordon also...
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...
Foreclosures down by 29 percent in August
Real estate research firm RealtyTrac recently reported that foreclosure filings experienced a 29 percent year-over-year decrease in Alabama in August.Last month, a total of 1,358 foreclosures were filed in the state. 711 of the foreclosure filings were notice of...
Alabama Aircraft Industries submits reorganization plan
This week, Alabama Aircraft Industries Inc. submitted a reorganization plan that proposes selling the majority of their assets to Kaiser Group Holding out of Virginia for $500,000.Chief Executive of the military aircraft modification company operating out of...
Percentage of seniors filing for bankruptcy on the rise
Several recent bankruptcy studies have concluded that the percentage of seniors seeking bankruptcy protection is on the rise.For instance, one study says that in 2006, seniors accounted for 7.8 percent of the nation’s total bankruptcy filings. In 2009, the...
Jefferson County delays bankruptcy filing
Yesterday, Jefferson County officials delayed their potential chapter 9 bankruptcy filing for the second time in two weeks. Authorities now say they will have an agreement on entering into bankruptcy protection ready by next Friday, August 12.Governor Bentley...
Bankruptcy filings decrease in year ending June 2011
Recent figures from the Administrative Office of the U.S. Courts reveal that total bankruptcies filed in the U.S. in the year ending June 2011 decreased by 2.7 percent.In addition, the figures detail the decreases in each individual chapter of bankruptcy....
Jefferson County has 80% chance of filing for bankruptcy
The Jefferson County commissioner has announced that the county has an 80 percent chance of filing for bankruptcy.The commissioner made this announcement after a day full of meetings with bankruptcy lawyers. She is now the first democrat that supports the plan for the...
Personal bankruptcies decrease in 2011
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...