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...
Greenway Bankruptcy Law
Bankruptcy case dismissed for Nadya Suleman
Nadya Suleman, as previously reported, sought the help of Chapter 7 bankruptcy last month. She filed for the bankruptcy protection but was ordered by the court to produce about a dozen extra documents pertaining to her finances.She was given until Monday, May 14, to...
Houghton Mifflin Harcourt files for bankruptcy protection
The large publishing firm Houghton Mifflin Harcourt has decided to file for Chapter 11 bankruptcy. The paperwork was turned in on Monday at a New York bankruptcy court.The company’s debts were recorded at $3.1 billion, and it also listed numerous creditors in its...
Nadya Suleman seeks Chapter 7 bankruptcy protection
Nadya Suleman, who has been deemed ‘Octomom’ by the media, has sought Chapter 7 bankruptcy protection. The single mother of 14 has been trying to support her large family on food stamps and Social Security disability checks.Her debt has rapidly increased, and she owes...
Hostess restructures company in midst of bankruptcy
In the beginning of 2012, Hostess Brands Inc. filed for Chapter 11 bankruptcy. The company needed assistance with its finances and sought the bankruptcy protection.Now, months after filing, the company is considering laying off thousands of workers in order to become...
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...
AFA Foods, Inc. files for Chapter 11 bankruptcy
The meat production company, AFA Foods, Inc. has sought the protection of Chapter 11 bankruptcy. The filing took place on Monday at the U.S. Bankruptcy Court in Delaware.The decline of their revenue was directly linked to the “pink slime” uprising. This term was...
Another former professional sports player seeks bankruptcy protection
Yet another former professional sports player has sought bankruptcy protection. Warren Sapp, a former defensive tackle for the National Football League, is the most recent ex-player to file for bankruptcy. He joins the likes of Allen Iverson, Dennis Rodman, and...
Jefferson County agrees to increase in debt payments
Last week, in negotiations with lawyers for bond insurer Syncora Guarantee, Jefferson County agreed to increase their debt payments. The insurer says their survival is being threatened by the county’s small payments.Last year, Jefferson County attorneys agreed to pay...
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....