Posted on November 25th, 2013
A recent analysis showed that most people who owe a lot on their auto loans live in the southern cities of America, a USA TODAY report showed on Saturday, November 16.
According to a recent analysis by Manilla.com, Shreveport, New Orleans, and Houston were on the top three of ten cities where borrowers owed a great deal of money on their car loans. The online personal consumer finance service further stressed that generally the economy in the south was far more satisfactory during the recession based from government data. The other six cities identified by Manilla.com to have the highest loans were the following: Little Rock-Pinebluff, Ark., San Antonio, Lafayette, La., New York, Miami-Ft. Lauderdale, Las Vegas, and Wilkes Barre-Scranton, Penn.
At Greenway Law, LLC, our lawyers help people in Birmingham get the financial help they need if they are facing overwhelming debts, whether due to car loans or other factors. Call us at 205-324-4000 to find out how we can help you if you are in such a situation.
Posted on November 8th, 2013
After accumulating thousands of pounds in debts owed to creditors, “Blue” band member Simon Webbe recently announced to the public that he filed for bankruptcy.
Webbe filed his bankruptcy papers in September in a high court of London weeks after other “Blue” member Duncan James sought bankruptcy protection. Aside from Webbe and James, band mate Anthony Costa is also reportedly having financial troubles this year.
The series of financial struggles experienced by the former R&B group occurred after their company Blueworld Ltd shutdown in May.
The group was formed 13 years ago and became famous worldwide after selling 15 million records.
The lawyers at Greenway Law, LLC, can help you if you live in Birmingham and are also struggling with overwhelming debt. Call 205-324-4000 today to discuss your financial situation and learn more about your options.
Posted on October 31st, 2013
Investment firms KKR & Co., Goldman Sachs Capital Partners, and TPG Capital spearheaded the $48-billion buyout of Energy Future Holdings Corp., the biggest power plant owner in Texas.
Now, they are striving to get barely 3% of their initial investment back since the company filed for bankruptcy.
Talks to negotiate with their senior creditors, which include Leon Black’s Apollo Global Management LLC and Centerbridge Capital Partners LLC, have stalled when their ability to view nonpublic information about the company was compromised.
An agreement that failed last week would have earned the company’s owners a mere $270 million.
If you or a loved one are swamped with debt, or have a business that is going under, you don’t have to be overwhelmed. Chapter 7 or 13 bankruptcy is an effective option for many individuals and businesses who can no longer manage their debt. Please call Greenway Law, LLC. in Birmingham at 205-324-4000 to speak with an experienced attorney about your legal options today.
Posted on October 1st, 2013
Rapper David Darnell Brown, better known as “Young Buck,” is getting a fresh financial start after exiting bankruptcy, a report stated on Thursday, September 19. The rapper filed for bankruptcy three years ago.
According to reports, the Tennessee rapper has paid some of his debt, but other creditors will not get paid, including rapper 50 Cent, who is owed around $117,000. Young Buck had to pay $391,333.59 according to a legal trustee. The rapper also settled his $42,699 tax debt in full. More than 85 percent of the claims worth $26,914.73 and $868.31 were already received by the New York State Tax Department from the rapper.
The 32-year-old rapper, who is expected to be released from prison this October, sought bankruptcy protection after the IRS raided his assets and sold his properties to pay his taxes.
Facing overwhelming debt can be frustrating; however, there are legal options that may be available to help you get a better handle on your finances, including filing for bankruptcy. Discuss your financial options if you are facing burdensome debts in Birmingham with a lawyer from Greenway Law, LLC, by calling 205-324-4000 today.
Posted on September 26th, 2013
A property of former NBA star Stephon Marbury in New York City might be lost in a foreclosure due to a debt that has accumulated since 2010, according to a report published on Wednesday, September 18.
According to the legal documents filed by the U.S. Bank International, the former New York Knicks point guard currently has an unsettled debt of $844,035 on his condo in New York. The bank is now seeking to foreclose Marbury’s property after he has failed to make a payment on his condo since March 2010. Stephon bought the two-bedroom and two-bath property that cost more than $1 million in 2006.
Stephon also had a property in Los Angeles that was foreclosed on last year.
The legal team at Greenway Law, LLC, understands how frightening it is for Birmingham homeowners to face the prospect of losing their home to foreclosure. If you are in this situation, call us at 205-324-4000 to find out how you might be able to prevent this from happening.
Posted on September 25th, 2013
On September 18, Alabama Governor Robert Bentley signed a new consumer protection measure that will help people from taking on exorbitant debts as a result of payday loans.
As the Alabama Deferred Presentment Services Act does not allow payday lenders to give people who already have over $500 in payday loan debt more loans, this new measure from Governor Bentley also helps protect lenders to remain in compliance with state law.
However, there is no existing uniform, state-wide database that ensures both lenders and borrowers will comply. Governor Bentley called for a centralized payday loan database to resolve this problem that hopefully will be operational by January of 2014.
Unfortunately, payday loans and other debts can cause individuals serious financial struggles. If you are in such a situation in Birmingham, talk with an attorney from Greenway Law, LLC, today about your financial options for getting out of debt. We can discuss your bankruptcy and other financial options with you when you call 205-324-4000.
Posted on September 5th, 2013
The home of incarcerated ex-football star O.J. Simpson will be sold soon after a foreclosure proceeding, a report on August 27 stated.
The 4,233 square-foot of Simpson in South Florida will be auctioned online on October 29 after it underwent foreclosure proceedings for almost two years. JP Morgan Chase Bank was given a final order by a judge in Miami-Dade Circuit Court. The property of convicted former NFL star owe principal and interest worth more than $796,000, and unsettled property taxes worth about $42,000.
The former football star was imprisoned for armed robbery and kidnapping charges in 2008.
Unfortunately, a lot of Americans lose their homes to foreclosure every year. Fortunately, as a resident in Birmingham, you may have options for fighting foreclosure. Call the legal team from Greenway Law, LLC, at 205-324-4000 today.
Posted on July 17th, 2013
Millions of Americans are expected to file for bankruptcy this year due to expensive medical bills, a new data analysis reports.
According to the data gathered by NerdWallet Health, skyrocketing health expenses cause many people to file bankruptcy. In fact, Vice president for NerdWallet Health, Christina LaMontagne, said some 25 million people control medical costs by avoiding medications, which could result in a person facing more expensive medical bills.
Many Americans may think they went bankrupt because of unmanaged credit card or mortgage debts, but medical bills may also be the cause, LaMontagne also said.
Having expensive medical bills that you cannot afford can be overwhelming and stressful. If you have unmanageable medical debt and live in Birmingham, contact the legal team at Greenway Law, LLC, at 205-324-4000 to find out on how we can help you deal with this mounting debt.