Bankruptcy Law News

10 states where foreclosures are on the rise
One is every 1,945 properties in Alabama was in danger of foreclosure in 2015

Alabama Bankruptcy Law
It is important to have a basic understanding of federal bankruptcy laws and the ways they specifically apply to Alabama.

Coal Miners to Rally Against Possible Benefit Cuts
Employees of Walter Energy, a company that filed for Chapter 11 Bankruptcy in July, are fighting for the continuation of their benefits.

Samson Resources Bankruptcy Involves Denver Billionaire's Consortium
Samson Resources Corp., an Oklahoma oil and gas company, has filed for Chapter 11 bankruptcy in Delaware, announcing that it intends to reorganize its finances. As of 2013, the company had 300 active wells in Colorado.

Next Week in Bankruptcy
Hercules Offshore Inc. is asking for the U.S. Bankruptcy court in Wilmington, Delaware to approve its bankruptcy-exit plan. Trade creditors are being paid in full and the company is offering shareholders about 3 percent in the reshaped organization if they agree not to sue.

New Mobile Bankruptcy Judge Knows Tenuous Line Between 'Survival and Financial Disaster'
Mobile County attorney and philanthropist, Henry A. Callaway, was officially sworn in as a United States Bankruptcy Justice for the Southern District of Alabama.

Walter Energy Could Be Negotiating Bankruptcy as Soon as This Month, Report Says
The Alabama coal giant, Walter Energy, is in mountains of debt and most likely seeking to restructure in bankruptcy as soon as possible.

Alabama Coal Company Files for Bankruptcy
Birmingham Coal & Coke Co. filed for Chapter 11 bankruptcy but plans to continue operating during the financial restructuring.

Jefferson County Still Facing Challenges After Bankruptcy
The Eleventh Circuit Court of Appeals will hear a challenge to Jefferson County's debt restructuring plan.

Bankruptcy Law News

Padgett and Robertson assist clients with Bankruptcy, Personal Bankruptcy, Consumer Bankruptcy, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy and The New Bankruptcy Law in Mobile, Alabama and throughout southern Alabama. Alabama State Bar Association Regulations require the following: "No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers." 11 U.S.C. 528 of the U.S. Bankruptcy Code requires the following: "We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”

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