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Gingold & Gingold Atlanta Georgia Bankruptcy Attorneys

http://www.gingoldbankruptcylaw.com 877-419-0450 Gingold & Gingold has been filing bankruptcies for individuals since 1971. If you are looking for experienced debt relief attorneys, contact the Atlanta, Georgia law firm for bankruptcy help.

Bankruptcy Attorneys Atlanta Georgia Debt Relief Lawyers

http://www.gingoldbankruptcylaw.com 877-419-0450 People have a lot of bankruptcy questions and don’t know what to believe when it comes to what they may lose. Contact to Gingold & Gingold in Atlanta, Georgia to get accurate bankruptcy information.

Life After Bankruptcy Atlanta Georgia Debt Relief Lawyers

http://www.gingoldbankruptcylaw.com 877-419-0450 Filing for bankruptcy can help you get the debt relief you need. Get a fresh start by contacting Gingold & Gingold in Atlanta, Georgia for a bankruptcy consultation.

Atlanta Bankruptcy Law Blog


'Serial filer' loses home after 18th bankruptcy petition

When threatened with the loss of a home, many Atlanta residents would do anything to save it. For many people, a home is more than a house. Lives unfold inside the places we call home. Many people start a family, watch their children take their first steps, and create millions of other memories in a home. The idea of losing a place so sacred can be devastating. 

When faced with foreclosure, however, there are right ways to move forward and wrong ways. One Florida man took a unique approach to saving his home, but ultimately, it cost him. 

Are inherited retirement accounts protected in bankruptcy?

When a person in Atlanta files for personal bankruptcy, his or her retirement accounts are protected from being used to pay off debts in most cases. This rule was established to ensure that people who go through bankruptcy are not left worse off than before they filed.

What happens, though, if you inherit a retirement account from a friend or family member? Is that account also protected in bankruptcy? The answer to that question is not clear right now, but it should become clear in the next few months. 

Will closing a credt card hurt your credit score?

Many people in Atlanta have probably experienced some sort of frustration with credit cards. Maybe you ended up over your head in debt after a job loss or medical procedure. Others may simply feel that they have become too reliant on a credit card or two. In either of these situations -- and many others -- people often consider closing a credit card. There are some situations, however, in which closing a credit card may do more harm than good.

One reason to keep a card open is if you are trying to build up good credit. If you don't have overwhelming debt, continuing to use a credit card occasionally for small purchases can maintain the good credit you have established. By closing the card, your good credit won't show up on your credit report in seven to 10 years.

Is that harassing creditor violating debt collection laws?

Many people in Georgia have likely experienced a less-than-friendly debt collector. Whether you are overwhelmed with credit card debt or stuck with an extremely expensive medical bill because of an injury or illness, debt collectors can be ruthless in their attempts to collect unpaid debts. As a consumer, however, it is important to understand when a debt collector has crossed the line by violating the law.

In Georgia and throughout the country, consumers are protected by the federal Fair Debt Collection Practices Act. This piece of legislation outlines acceptable ways that debt collectors can interact with consumers as well as debt collection practices that are unlawful.

Is bankruptcy the best option for soon-to-be retirees?

Let's say you are a few years away from retiring, but you are deep in debt. You have a mortgage -- and maybe a second mortgage -- car loans, and other debts that you just can't keep up with. What's your best move? 

How you approach debt when you're about to retire depends on the unique aspects of your situation. One thing is for certain, no matter what your situation looks like: Do not withdraw funds from your retirement accounts to pay down your debts. Retirement accounts are protected in bankruptcy -- if you choose that approach -- so it is important to leave them alone. If you don't, you risk incurring expensive fees.  

With federal dollars to spend, Georgia looks to help homeowners

Even though the worst of the recession hit a few years ago, thousands of homes in Georgia continue to face foreclosure. As we discussed in a post last month, a quarter of homeowners in Atlanta have more in mortgage debt than their homes are worth. What some people in this situation may not realize, however, is that there are ways to get help and possibly save their homes.

When foreclosures hit the nation hard a few years ago, the federal government offered financial aid to several states based on need. Georgia received nearly $340 million that was supposed to help keep struggling homeowners in their homes. The state, however, did not do a great job of making sure its homeowners got the assistance they needed. Recently, however, some changes were made to the program that will hopefully ensure that Georgians will benefit more.

Medical bankruptcies continue to plague Americans

Here in Atlanta, we are all well-aware of the exorbitant costs of health care. A visit to the doctor for a minor ailment can result in a bill for hundreds of dollars -- even for those who have insurance. A major injury or illness can set a person back tens of thousands of dollars, making it impossible to make ends meet.

Today, medical bankruptcy is the most common reason that people file for bankruptcy. What makes this fact particularly frightening is that almost 80 percent of people who file for bankruptcy because of medical debt have insurance.

Credit card debt outweighs savings for many Americans

We all know the importance of saving money. Having a savings account can help ensure that you are protected and prepared if something unexpected should happen later in life. Divorce, medical bills and other unexpected payments can cause a person to dip into their savings account. However, saving money, as some New Yorkers know, is not always as easy as it sounds.

Today, many people are stretched thin financially. Wages haven't gone up much in the last few years, and some people are still out of work or underemployed. In situations like this, saving money is difficult if not impossible -- and sometimes credit cards help bolster a person's spending ability.

Atlanta foreclosure rates are down but not out

There are few things more frightening than losing your home. Going from sleeping in your bed to sleeping in a hotel room or on a friend’s couch is more than a financial burden; it’s an emotional burden. Regardless of the reason, when you find yourself unable to handle your mortgage payments, you may end up facing foreclosure proceedings. And while foreclosure rates in Georgia are falling, the dangers may still be real.

While foreclosure doesn't appear to be as much of a problem at the moment, the rates may be balancing on thin ice. A quarter of Atlanta homeowners owe more in mortgage payments than their homes are worth, meaning that while the economy is growing, some homeowners aren’t necessarily able to benefit. As the mortgage payments continue to pile up, these residents may be at risk of foreclosure if they are met with unforeseen financial burdens, such as loss of employment.

Nonprofit lists 130 creditors in Chapter 7 bankruptcy claim

There are a lot of expenses that come with running a business. However, the hope is typically that money coming into the business not only pays for these expenses, but there is also a profit to be made.

However, while this may be the goal and plan for many people in Georgia who start their own business, there are cases where the owners are unable to pay back their creditors. Soon they find themselves falling deeper and deeper into debt.

A recent Chapter 7 bankruptcy case involving Safe Haven Animal Sanctuary highlights this point.

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"I have to write and say "Thank You" for helping me through the hardest time and problems I faced since I lost my husband." More

"I regularly refer consumer bankruptcy clients to him and his law partner, Jamie Gingold." More

"Your advice, counsel, and expertise were invaluable to us." More

"Before I came to see you, I felt like I was arranging chairs on the Titanic. Now that I don't have to pay all those old bills, I can relax enough so I can sleep at night. Thanks for stopping the foreclosure on my house." More

"I thought getting sick was the worst but having all these medical debts was even worse. You realized I would never be able to pay these. My case has completely turned my life around. Thank you." More

"You told me when I filed my case, that there would be no disadvantages but only advantages. This stopped all the mean telephone calls. Thank you for caring enough to get me to understand this." More

"I couldn't pay for my timeshare and credit cards because I was separated. You wiped out those debts. Now I can handle my house and car. I appreciate your time." More

"I am a woman of integrity. I am so forever grateful for you and your staff's assistance during these challenging times." More

"Thanks for ending my credit card debt. The high interest was killing me. This has reduced my stress so much. I really appreciated the attention you gave to me." More

"When I lost my job, I thought there was no hope. My case ended my problems, and I can sleep now. I can't thank you enough for all your help." More

"You took over my case from another attorney and straightened it out. Now I can get on with my life. I am in such better shape due to your care." More

"When I came to you, I was so upset because I was supporting my kids without any help. You wiped out my debts so I can now pay my rent and car. Thank you for spending time to handle my case so I could get my life back." More

"Thank goodness you stopped my foreclosure. My house is now current, and I don't have to worry. We'll always remember your help." More

"Thanks for all your help in my Chapter 13 and the conversion to Chapter 7. You took a big burden off me, and it's easier to live now. It's been nice to know you." More

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Atlanta Bar Association | Lawyers Who Serve State Bar of Georgia
ABA | American Bar Association | Defending Liberty | Pursuing Justice NACTT | National Association of Chapter 13 Trustees NACBA | National Association of Consumer Bankruptcy Attorneys SBLI | Southeastern Bankruptcy Law Institute IWIRC | connecting women worldwide | International Womens Insolvency & Restructuring Confederation

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Gingold & Gingold LLC
1718 Peachtree St NW #385
Atlanta, GA 30309

Phone: (404) 685-8800
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