Now, months after filing, the company is considering laying off thousands of workers in order to become a successful company once again. Throughout the country, there are approximately 18,500 individuals who are employed through Hostess.

This week, those employees will be receiving official notices of a possible lay off in the company. These alert notices are intended to inform the employees, and also to give them enough time to prepare in the case that they do lose their job. The future of the company that is famous for the dessert food, Twinkies, is still uncertain as it goes through the reorganization process that is associated with Chapter 11 bankruptcy.

Her debt has rapidly increased, and she owes close to $1 million to several different creditors. Suleman listed her assets at $50,000, and claims that she has no way of paying this large amount of debt on her own.

Suleman believes that this filing is the best thing for her and her children at this time. She is hopeful that she will be able to provide for her family after emerging from bankruptcy.

If you are considering filing for Chapter 7 bankruptcy protection, you need experienced representation on your side. Please contact the Birmingham Chapter 7 bankruptcy lawyers of Greenway Law, LLC by calling 205-324-4000 today.

The foreclosures declined by 18.6 percent in Alabama, as compared to the first quarter in 2011, and totaled 4,534 applications for the first quarter of 2012. The results of the research regarding national filings for foreclosure revealed that the overall foreclosure rate fell by 16 percent, when compared to the same quarter from the previous year.

According to several experts, this number may be increasing in the very near future. Alabama banks are expecting foreclosure filings to increase dramatically due to the $25 billion mortgage settlement that was announced in February.

If you have questions regarding foreclosures, please contact the Birmingham foreclosure defense lawyers of Greenway Law, LLC by calling 205-324-4000 today.

There is talk that Reddy Ice has plans to purchase Arctic Glacier, thus strengthening both companies and allowing Reddy Ice to emerge as a successful business after bankruptcy. The company decided to file for bankruptcy after their debt continued to rise.

The assets of the company hit $434 million at the end of 2011, but the liabilities were at $530.8 million. Reddy Ice has plans to come out of bankruptcy just 45 days after filing.

Please contact the Birmingham bankruptcy lawyers of Greenway Law, LLC by calling 205-324-4000 if you or someone you know has questions regarding the bankruptcy filing process.

Warren Sapp was employed by the NFL for 13 years and played for the Tampa Bay Buccaneers and the Oakland Raiders during that time. He has recently fallen behind on several payments, and filed for Chapter 7 bankruptcy in a Florida court on March 30. His debts total $6.7 million, which includes a large amount of unpaid child support to the mothers of his four children.

He has announced that his assets are currently at $6.45 million, and his monthly income averages $115,881. He is currently employed by the NFL Network as an analyst, and with his contract ending in August he is not sure if it will be renewed.

Please contact the Birmingham Chapter 7 bankruptcy lawyers of Greenway Law, LLC by calling 205-324-4000 if you or someone you know has questions regarding the Chapter 7 bankruptcy process.

The decline of their revenue was directly linked to the “pink slime” uprising. This term was popularized by the media, and referred to a type of textured beef that was included in most ground beef products. The product resembles a pink putty, and people were outraged that this strange substance was used in the meat they were consuming.

Consumers purchasing ground beef started to fall, and AFA Foods, Inc. was negatively affected. Meat production companies were told they had to remove this filler beef in order to continue selling in certain markets. AFA Foods, Inc. was unable to find a replacement for this substance in their products, and therefore chose to file for bankruptcy.

If you or someone you know has questions regarding filing for bankruptcy, please contact the Birmingham bankruptcy lawyers of Greenway Law, LLC by calling 205-324-4000 today.

Last month, 1,489 foreclosure filings were filed throughout the state. This was 9.3 percent lower compared to foreclosure filings filed in January 2011. However, foreclosure filings filed in January 2012 were 33 percent higher than the number filed in December 2011.

A foreclosure was filed for approximately one in every 1,459 homes in Alabama last month. The average foreclosure rate in the U.S. is currently around one in every 624 residences. Alabama ranked as the 38th state with the highest foreclosure rate as of last month.

If you or someone you know is facing foreclosure, contact the Birmingham foreclosure defense lawyers of Greenway Law, LLC at 205-324-4000 to learn more about how we can help you.

Last year, Jefferson County attorneys agreed to pay $5.5 million a month towards their sewer debts. Also, debt payments to the insurer were reduced by $9 million. However, at a bankruptcy court hearing, the two parties agreed to a deal that would increase payments. According to the deal, money left over after covering the sewer system’s maintenance and operations will be returned to the sewer company, which will then distribute debt payments to its bondholders.

To learn more about settling debts through debt negotiations, contact the Birmingham debt negotiation attorney, Paula Greenway, by calling 205-324-4000 today.

Girl group TLC filed for Chapter 11 bankruptcy in 1995, and T-Boz filed for bankruptcy for a second time last February. Her second filing–a Chapter 13 filing–was also dismissed, leading her to refile in October.

The judge threw out T-Boz’s latest Chapter 13 bankruptcy because creditors reported that she had made no payments, had not showed up for meetings with creditors, and had not filed certain required paperwork. The singer can once again refile for bankruptcy 180 days after her case was dismissed.

Since T-Boz is no longer protected by bankruptcy, her creditors may attempt to claim some of her assets. If you or someone you know is facing repossession or debt collector harassment, contact the Birmingham Chapter 13 lawyers of Greenway Law, LLC to learn more about preventing repossession.

According to Busey’s Chapter 7 filing, he owns less than $50,000 in assets and has between $500,000 and $1 million in debt.  Creditors named in the actor’s bankruptcy include UCLA Medical Center, the IRS, Wells Fargo, L.A. County Waterworks District, and several attorneys.

A statement from Busey’s publicist reads, “As with many great institutions, i.e., General Motors, American Airlines, and others who have utilized the strategic business plan of bankruptcy, Gary’s filing is … the start of a new and clear path toward peace, happiness, and success with his career.”

If you or someone you know is considering filing for personal bankruptcy, contact the Birmingham Chapter 7 bankruptcy lawyers of Greenway Law, LLC at 205-324-4000 to learn more about how filing for Chapter 7 bankruptcy can benefit your future.