Atlanta Bankruptcy Law Blog

Georgia Foreclosures Continue at Lightning Speed

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, November 26, 2010.

As the nation determines its collective next step in regards to foreclosures and the allegations of improper foreclosure practices recently made against major lenders, experts say that Georgia foreclosures are unlikely to slow down in the coming months and, possibly, years. This is largely because of certain unique sections of Georgia's foreclosure laws, which place the legal (and corresponding financial) burden on homeowners to fight against Georgia foreclosure in court.

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Tags: Georgia, bankruptcy, foreclosure, foreclosure rates, lawsuit

Stay on Budget This Black Friday

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, November 23, 2010.

For the deal-seekers, the day after Thanksgiving is more than just a day for relaxing and digesting that turkey dinner. It is Black Friday, the widely publicized start of the holiday shopping season event during which retailers offer low prices on everything from electronics to toys to jewelry. In recent years, as retailers have struggled in the dismal economy, Black Friday has become increasingly competitive. Now stores open in the early morning hours, if not on Thanksgiving itself, and the deals to be had are even better. However, financial experts are warning that Black Friday prices make it easy for shoppers to spend more than they can afford, potentially leading to debt, bankruptcy, and similar financial consequences.

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Tags: Black Friday, bankruptcy, credit card debt, debt, holiday shopping

Relief For The Housing Market is Not in the Immediate Future

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, November 19, 2010.

After several stressful years, new numbers indicate that American homeowners still do not have much to look forward to. According to a new Reuters poll, the U.S. housing market will remain stagnant throughout 2011 due to continual foreclosures and high rates of unemployment throughout the country.

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Tags: consumer price index, foreclosure, foreclosure rates, housing market, unemployment

Toni Braxton Seeks to Keep Georgia Home Despite Bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, November 17, 2010.

Despite a massively successful music career, which includes the sale of 40 million albums, six Grammy awards, a two-year Las Vegas show and an appearance on Dancing With The Stars, R & B singer Toni Braxton was forced to file for Chapter 7 bankruptcy protection in September. Last week, she filed a notice notifying the court that she intends to keep her Duluth, Georgia home despite seeking bankruptcy protection.

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Tags: Chapter 7, Georgia, Toni Braxton, bankruptcy, real property

Foreclosure Slowdown Will Likely Be Temporary

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, November 11, 2010.

Last month, the number of homes repossessed by lenders in the U.S. fell from the previous month's numbers for the first time this year. According to real estate experts, this drop is a product of the recent halt in foreclosures after allegations of illegal foreclosure practices by lenders. Therefore, it represents a temporary slowdown in foreclosures, and is probably not an indicator that the real estate market has begun to recover, experts say.

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Tags: Georgia, foreclosure, foreclosure rates, mortgage lenders, repossessions

Required Federal Bankruptcy Education Provides Little Benefit

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Monday, November 8, 2010.

In 2005, the federal government revamped the process of filing for personal bankruptcy, instituting many new requirements of bankruptcy filers. One such requirement is an education component, which requires would-be bankruptcy filers to participate in a two-hour financial education class aimed at helping people better manage their finances and avoid re-filing in the future. According to a recent study, these federally mandated courses are largely unhelpful for the majority of bankruptcy filers in Georgia and across the country.

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Tags: Chapter 13, Chapter 7, Georgia, bankruptcy, financial education courses

In Georgia, Illegal Foreclosure Practices Go Unnoticed, Part Two

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, November 3, 2010.

Earlier this week, we talked about the effects of the foreclosure investigation on Georgia homeowners. According to lending industry officials, foreclosures occur because borrowers can't keep up with their mortgages, and not because lenders engage in illegal practices.

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Tags: Georgia, foreclosure, homeowner, judicial oversight, robo-signing

In Georgia, Illegal Foreclosure Practices Go Unnoticed, Part One

On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, November 1, 2010.

We've repeatedly discussed the ongoing investigation into illegal foreclosure practices and the resulting uncertainty that continues to affect homeowners across the country. However, in all of the chaos, little has been said about the 27 states in which foreclosures do not require judicial oversight, of which Georgia is one. Critics and consumer advocates say that this mass inattention could be harming Georgia homeowners who lack the means to contest an unlawful foreclosure.

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Tags: Georgia, foreclosure, homeowner, judicial oversight, robo-signing