Who Can File Bankruptcy

Let Birmingham Lawyer Paula Greenway Help You Qualify for Bankruptcy Protection

Many people with serious debt problems believe they are no longer eligible to file bankruptcy under the new laws. Most of these people are wrong. At Greenway Law, LLC, in Birmingham, attorney Paula Greenway and our office staff have helped hundreds of people who thought they weren't eligible file for bankruptcy protection.

Whether you are burdened by credit card debt, a delinquent mortgage, student loans or past-due child support, we will work with you one-on-one to determine the best available bankruptcy option to help you get a fresh financial start.

Who Can File Chapter 7 Bankruptcy

Under the new bankruptcy laws, you can't file Chapter 7 bankruptcy if you earn more than the median family income in Alabama ($51,103 for a family of three). This is known as the means test.

However, even if you earn more than the median family income for your family size, there are many income deductions that can help you meet the bankruptcy means test. Your income is reduced by taxes, a car allowance, a housing allowance, utilities, 401(k) contributions, child support and other deductions. Don’t let the income level scare you away, let Paula Greenway meet with you and discuss how everyday expenses can lower you income and make chapter 7 bankruptcy an option for you.

Learn more about filing Chapter 7 bankruptcy.

Who Can File Chapter 13 Bankruptcy

If your income is too high to file Chapter 7 bankruptcy, or if you have secured assets such as a home or car that would not be protected by filing Chapter 7 bankruptcy, or if you merely want to pay your debts in a manageable way, you can file Chapter 13 bankruptcy.

Chapter 13 bankruptcy is a court-ordered debt repayment plan that offers you the full protection of the federal bankruptcy court from actions such as foreclosure, repossession, garnishment and creditor harassment, while allowing you to pay your creditors.

Learn more about filing Chapter 13 bankruptcy.

Free Consultation With a Bankruptcy Lawyer

To find out if you can file for bankruptcy protection, call attorney Paula Greenway at 205-324-4000 or fill out our simple contact form. We are located in Birmingham, Alabama, across from the downtown YMCA.