The rise of Chapter 7 filings in the last few years

According to federal data, Chapter 7 bankruptcies have risen by more than 40 percent since 2007. This significant rise is likely caused by a number of factors.

For instance, the recent economic crisis has led to lower incomes for many people. With these lower incomes, some people have struggled to make debt payments. Unable to cover these obligations, many people have been forced into Chapter 7 filings.

If you or anyone you know is considering filing for Chapter 7, contact the Birmingham Chapter 7 bankruptcy lawyer Paula Greenway at (205) 324-4000.

Paula GreenwayPaula Greenway

Paula Greenway is a native of Birmingham and has focused her practice on consumer bankruptcy since 1996. She is licensed to practice law in all jurisdictions throughout the State of Alabama. Paula has handled over 5,000 bankruptcy cases ranging in complexity throughout her career and prides herself on being able to come up with creative solutions to her clients’ financial issues.