Posted on February 28th, 2014
Rapper Earl Simmons, commonly known as DMX, is currently losing his $1 million property in Mount Kisco, New York to foreclosure.
Simmons blames his estranged wife for the foreclosure, saying that she didn’t take responsibility for the mortgages, as previously agreed upon. Though DMX hasn’t lived in the property since 2005, he continued paying the mortgage through 2008.
Before facing foreclosure, Simmons experienced some financial trouble. He recently filed for bankruptcy, but was denied.
The attorneys at Greenway Law, LLC., understand that many Birmingham residents face foreclosure. The legal advice of a lawyer could alleviate the stress and financial burden of foreclosure. To contact an experienced lawyer, call 205-324-4000
Posted on February 23rd, 2014
An 18 percent dip in the number of U.S. homes that filed for foreclosure was noted from January 2013 to January 14, according to RealtyTrac.
Though last month there was a 10 percent increase from December to January in the number of homes that entered foreclosure proceedings, this was still 12 percent lower compared to numbers from January 2013. On the other hand, homes that had completed the foreclosure process last month also dropped by 40 percent compared to last year’s data.
At the national level, at least one in every 1,058 homeowners filed for foreclosure last January.
Though the foreclosure crisis in America continues to decline, the legal team at Greenway Law, LLC, understands that a lot of homeowners in Birmingham are still being threatened by foreclosure every year. If you want to explore your foreclosure defense options with our knowledgeable attorneys, call 205-324-4000 today.
Posted on February 5th, 2014
Nicole Eggert, who is well-known for her Baywatch role, recently filed for Chapter 13 bankruptcy to protect her property.
According to reports, the 42-year-old actress will have an opportunity to continue paying her mortgage to prevent her house from being liquidated. Under the plan, Eggert will pay $1,071.43 monthly for the first year to the bank, in addition to $800 monthly to creditors. After that, the next two years she will be required to pay $1320 monthly to the bank.
Nicole listed $1,070,400 worth of assets while her liability listed was $807,115. She also stated in the filing that she has monthly expenses of more than $20,000.
This bankruptcy filing is her third attempt in less than a year, with the two previous claims being rejected.
The legal team at Greenway Law, LLC, helps people in Birmingham who are currently facing financial troubles explore their options for getting back on a strong financial footing. Discuss your financial situation and what the best option for alleviating your debt may be by calling 205-324-4000.
Posted on January 20th, 2014
A huge improvement in the U.S. housing market was observed in 2013 after the number of homes entering foreclosure not only continued to decrease, but also hit a six year low, according to real estate information firm RealtyTrac.
A decrease of 31 percent was observed in homes being foreclosure upon or repossessed by banks in 2013 compared to 2012. The record was considered to be lowest since America entered the foreclosure crisis in 2007. The number of home entering foreclosure also declined in 37 states last year.
However, according to RealtyTrac, in December more than 1.2 million homes across America were either undergoing foreclosure procedures or already repossessed by banks but were still unsold.
The legal team at Greenway Law, LLC, how difficult it is for homeowners in Birmingham to face the threat of foreclosure. If you are in such a situation, call 205-324-4000 today to speak with a compassionate attorney who can help you explore your options for keeping your home.
Posted on January 7th, 2014
Eddie Montgomery of the famous country music duo, Montgomery Gentry, sought personal bankruptcy protection at the end of December.
Montgomery, 50, filed for Chapter 7 bankruptcy after accruing a large amount of debt due to his recent divorce and the failure of his steakhouse. Montgomery’s $13.4 million debt is only offset by $1.9 million in assets.
Montgomery will sell the Harrodsburg steak house on January 10 to help pay for his debts. A house in Boyle County owned by Eddie and his former wife, Tracy Nunan, will also be sold to offset debt.
Our experienced lawyers understand that many people living in Birmingham face financial hardship. Contact Greenway Law, LLC., if you are in need of legal financial advice. Give our offices a call at 205-324-4000 to learn more about the services that we can provide for you.
Posted on December 18th, 2013
A decline in foreclosure activity in a majority of the states in America was observed by RealtyTrac, a real estate research company, last month, a report by USA TODAY stated on Thursday, December 12.
RealtyTrac said foreclosure activity last November decreased by 37 percent compared to the same month last year. The decline in homeowners entering foreclosure proceedings last month was also the lowest since 2005.
Daren Blomquist of RealtyTrac said the decrease in the foreclosure activity recorded last November indicates that the foreclosure crisis is about to end. Trulia real estate economist Jed Kolko also said that states with long foreclosure procedures are the ones facing the greatest foreclosure issues.
Sadly, a lot of homeowners in America are still being threatened by foreclosure. However if you are facing the potential loss of your home in Birmingham, a lawyer from Greenway Law, LLC, can help you explore your legal options for possibly keeping your home. Find out how we may help you today by calling 205-324-4000.
Posted on December 1st, 2013
Pop artist Aaron Carter recently sought bankruptcy protection due to a debt of more than $2 million, a majority of which was unpaid back taxes, an article from CNN reported on Friday, November 22.
According to the bankruptcy petition filed by Carter, the former teen sensation owed at least $1.3 million of unpaid taxes to the Internal Revenue Service. Aaron, who admitted to being broke, has an personal property estimated to be worth $8,200 and less than $1,000 in his checking and savings accounts.
Aaron’s publicist Steve Honig said the pop star is moving forward and this choice was a positive move for him.
Sadly, as our team at Greenway Law, LLC, knows, many people in Birmingham are needlessly suffering from the anxiety of having an overwhelming amount of debt. For those in this situation, bankruptcy might be a viable option to address the debts and get a fresh financial start. Call 205-324-4000 to discuss your financial situation and what legal options are available to you.
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.