Atlanta Bankruptcy Law Blog

How to quickly and affordably repay holiday debt

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, December 30, 2011.

As the holiday season dies down, many people in Atlanta and throughout the U.S. will now be taking a closer look at their holiday spending. According to a survey from the American Research Group, Americans were expected to spend about $650, on average, for holiday gifts this year. Because many people likely paid for their presents with credit cards, it is now time to come up with a plan to get your credit card debt paid off and start 2012 on a clean financial slate.

Continue reading How to quickly and affordably repay holiday debt...

Tags: credit card debt, debt, holiday shopping

Could you go to prison for unpaid debt?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, December 29, 2011.

Although debtors' prisons have been illegal in the United States for more than 200 years, there has been a recent influx of people sentenced to jail time for unpaid debt according to a recent NPR report. While creditors and collection agencies claim that their practices are legal, many debt relief attorneys and advocates claim that debtors are being treated unfairly.

Continue reading Could you go to prison for unpaid debt?...

Tags: creditors, debt, debt collector

Foreclosure did not derail city's holiday tradition

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, December 22, 2011.

More than 40 years ago, a man decided to celebrate the holidays by creating a public display of characters from Charles Schulz's "Peanuts" stories in his yard. Over the years, that display quickly grew, becoming not only a fun holiday tradition for the homeowner but also a holiday tradition for more than tens of thousands of nearby residents.

Continue reading Foreclosure did not derail city's holiday tradition...

Tags: foreclosure, mortgage, mortgage modification

Nearly half of Americans have fallen into poverty

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, December 20, 2011.

It is no secret that people in Georgia and throughout the country continue to suffer from the seemingly-endless effects of the economic recession. However, recent data from the U.S. Census Bureau makes it clear that the scope of the problem is much wider than many previously believed, sending more and more members of the middle class into poverty.

Continue reading Nearly half of Americans have fallen into poverty...

Tags: debt, middle class, minorities, poverty, recession

Economists predict a new wave of foreclosures in 2012

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, December 16, 2011.

Although the robo-signing scandal and resulting foreclosure slowdown happened nearly a year ago, it seems to still be affecting foreclosure activity in a fairly major way. Specifically, movement on repossessions and foreclosures has slowed down significantly in the past year as banks have worked through their paperwork problems. But according to housing market analysts, that slowdown will likely end in the coming months as banks begin to push foreclosure documents through the courts.

Continue reading Economists predict a new wave of foreclosures in 2012...

Tags: Georgia, banks, foreclosure, foreclosure rates, housing market

Atlanta police refuse to foreclose on 103-year-old woman's home

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, December 13, 2011.

Last month, members of a Georgia sheriff's department arrived at a home in northwest Atlanta, prepared to evict the two women who had lived there for more than 50 years. But when the sheriff's deputies realized that they were about to put two elderly women out on the street, they decided not to go through with the eviction, allowing the women to remain in their home.

Continue reading Atlanta police refuse to foreclose on 103-year-old woman's home...

Tags: Atlanta, eviction, foreclosure, foreclosure sales

Credit card companies target college students despite federal law

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, December 9, 2011.

In 2009, the federal government passed the Credit Card Accountability, Responsibility and Disclosure Act, called the Credit CARD Act for short. The goal of the legislation was to decrease the number of college-age adults who signed up for cards and incurred unmanageable credit card debt without realizing the impact of their actions on their family and their future. Now, adults under the age of 21 are only allowed to sign up for a credit card if they have a co-signer or if they can prove that they have income.

Continue reading Credit card companies target college students despite federal law...

Tags: CARD Act, Georgia, college students, credit card debt

Former Georgia county commissioner files for bankruptcy

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, December 6, 2011.

The former Gwinnett County commissioner who stepped down after being accused of bribery and influencing votes has now filed for bankruptcy, according to an article in the Atlanta-Journal Constitution. Kevin Kenerly opted to file for Chapter 11 bankruptcy protection instead of a Chapter 13 filing. He likely made that choice because of his level of debt did not comply with the debt limits set forth in the Chapter 13 bankruptcy laws.

Continue reading Former Georgia county commissioner files for bankruptcy...

Tags: Chapter 11, Chapter 13, Georgia, bankruptcy, debt

Bankruptcy filings decrease in 2011 fiscal year

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, December 2, 2011.

According to a recent release from the American Bankruptcy Institute, the total number of bankruptcy filings in the 2011 fiscal year decreased significantly from the number of filings during the 2010 fiscal year. Both business and consumer bankruptcy filings decreased, which analysts say is a promising step.

Continue reading Bankruptcy filings decrease in 2011 fiscal year...

Tags: Chapter 13, Chapter 7, bankruptcy, debt