Atlanta Bankruptcy Law Blog

Singer Tionne Watkins files for bankruptcy

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, November 30, 2011.

Entertainment news websites are reporting that singer Tionne Watkins, better known by her stage name of T-Boz, has filed for bankruptcy. In her court filings, the singer claims that she is unable to pay her bills because of her ex-husband's failure to make his court-ordered child support payments.

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Tags: bankruptcy, bankruptcy filings, child support, mortgage

The foreclosure crisis continues in Georgia

On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, November 28, 2011.

Last week, we reported on the increase in mortgage delinquencies that occurred during the third quarter of this year. According to a new report, close to eight percent of homeowners are behind on their mortgages by at least one payment. It is clear that the foreclosure crisis won't be nearing its end any time soon as more families are dealing with an upside down mortgage.

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Tags: foreclosure, homeowner, mortgage, mortgage delinquency

Mortgage delinquencies increase in third quarter

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, November 25, 2011.

From June to September of this year, the rate of homeowners who were delinquent on their mortgages increased. According to credit reporting agency TransUnion, 5.88 percent of mortgage holders were more than 60 days late on at least two mortgage payments, an increase from the previous quarter's rate of 5.82. Only 10 states and the District of Columbia did not experience an increase in delinquency rates.

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Tags: foreclosure, homeowner, housing market, mortgage, mortgage delinquency

Study shows increasing disparity in wealth between young and old

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, November 22, 2011.

Whether you are a young adult trying to pay off student loans or buy your first home or an older person wondering how you are going to afford retirement, you have likely been affected in some way by the stagnant economy. However, a new study from the Pew Research Center indicates that the current disparity in wealth between young and older people is much larger than in previous decades, leaving young people at greater risk for bankruptcy, foreclosure, or other difficult consequences.

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Tags: age, bankruptcy, debt

Avoid debt on Black Friday and throughout the holiday season

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, November 17, 2011.

Whether or not you are one of those people who lines up before dawn for Black Friday deals, you will probably find yourself out shopping at some point during the upcoming holiday season. The holidays are a fun and exciting time, and everyone loves to find that perfect, special gift for friends and loved ones. But how do you navigate the holiday shopping season without putting yourself in deep debt?

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Tags: Black Friday, bankruptcy, debt, holiday shopping

Foreclosure in Georgia's high-end housing market

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, November 10, 2011.

Although the economic recession and its lingering effects have had a negative effect on people in all economic classes, data appears to indicate that poorer people are experiencing greater difficulty in recovering from the recession. For example, while the slump in high-end home sales has been low in recent months and years, it has not been nearly as low as the plummeting sales figures for average-priced homes.

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Tags: Georgia, foreclosure, foreclosure rates, housing market

Unemployment and debt force young adults to live with parents

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, November 8, 2011.

College graduation is supposed to be an exciting time, as students celebrate their accomplishments and look forward to the life and career ahead of them. However, as the economy continues to struggle, many young adults in Georgia and throughout the country are finding out that their college graduation may not be the beginning of a successful, prosperous life, after all.

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Tags: bankruptcy, college graduates, housing market, student loans, unemployment

Unemployment rate drops in October

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, November 4, 2011.

The unemployment rate dropped from 9.1 percent to 9 percent last month, marking the first decrease since July and the lowest rate of unemployment since April. There were several other pieces of good news in the October report, which is serving to alleviate economists' fears that the U.S. may be headed toward a second recession.

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Tags: bankruptcy, economy, housing market, recession, unemployment

Refinance programs may provide underwater mortgage relief

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, November 2, 2011.

As the housing market has struggled to recover from the crash that sent home values spiraling downward, the federal government has introduced several programs that would allow homeowners to refinance their mortgages at the current historically low interest rates. However, for the millions of homeowners who are underwater on their mortgages (meaning they owe more on their mortgage than the home is worth), these options have not been available.

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Tags: equity, foreclosure, mortgage, refinance, underwater mortgage