Atlanta Bankruptcy Law Blog

Atlanta home prices continue to fall

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, January 31, 2012.

Although there have been small signs of recovery in the job market and economy as a whole, recently released data indicates that it will probably be some time before the housing market recovers. In fact, the market has worsened, with home prices continuing a three-month decline in November, the most recent month for which data is available.

Continue reading Atlanta home prices continue to fall...

Tags: Atlanta, economy, foreclosure, home prices, housing market

Mystery mortgages may lead to new foreclosure crisis

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, January 26, 2012.

Imagine this scenario: you have recently been approved for a refinancing on your mortgage. This significantly lowers your interest rate, and allows you to save hundreds of dollars each month. But after making your new payments on time for several months, you receive a notice from the bank, informing you that you are delinquent on your payments and that your home is in danger of going into foreclosure.

Continue reading Mystery mortgages may lead to new foreclosure crisis...

Tags: foreclosure, homeowner, mortgage, mortgage lenders, robo-signing

Well-known sports agent files for Chapter 7 bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, January 20, 2012.

Leigh Steinberg, an infamous sports agent who was the inspiration for the title character in "Jerry Maguire" recently filed for Chapter 7 bankruptcy protection. In his bankruptcy filings, Steinberg stated that he had between $1 and $5 million in debt, and that his only asset was $475,000 in stock.

Continue reading Well-known sports agent files for Chapter 7 bankruptcy...

Credit card debt decreases in Georgia

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, January 18, 2012.

Credit card debt continued its decline last year, with a more than 10 percent decrease throughout the U.S. But although every state in the country saw a drop in total credit card debt last year, financial analysts believe that this trend will likely reverse itself in the coming months and years as the economy continues to recover.

Continue reading Credit card debt decreases in Georgia...

How Georgians can start 2012 on the right financial foot

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, January 13, 2012.

When you made your new year's resolutions, was "pay off my debt" or "save more money" anywhere on your list? If you're like most Georgia residents, getting a better handle on your finances is on your to-do list for the coming year. Whether you have debt to pay or you are simply looking to save more, here are a few tips for making 2012 your best financial year.

Continue reading How Georgians can start 2012 on the right financial foot...

Tags: 401(k), credit card debt, creditors, debt, retirement

Man nearly loses home to foreclosure over 80 cent error

On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, January 9, 2012.

Imagine this scenario. After struggling to make your mortgage payments, you receive notice that you have been approved for a mortgage modification, which lowers your monthly mortgage payment by several hundred dollars. You are excited about finally reaching this long-awaited turning point for you and your financial situation.

Continue reading Man nearly loses home to foreclosure over 80 cent error...

Tags: foreclosure, mortgage lenders, mortgage modification

Fewer Americans filed for bankruptcy in 2011

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, January 6, 2012.

These days, it seems that any good news about the economy or how Americans are faring in the wake of the recession always comes with some sort of negative caveat. Well, what we are going to report today is no exception. According to a report from the National Bankruptcy Research Center, fewer Americans filed for Chapter 13 or Chapter 7 bankruptcy in 2011 in comparison to 2010. However, experts expect that decline to be only temporary, and personal bankruptcies to increase once again the coming year.

Continue reading Fewer Americans filed for bankruptcy in 2011...

Tags: Chapter 13, Chapter 7, bankruptcy, bankruptcy filings

Student loan debt increases among middle-aged borrowers

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, January 4, 2012.

Although the recession technically ended more than two years ago, it continues to affect the millions of people in Georgia and throughout the U.S. who are still struggling to find work. After many months of unemployment, many middle-aged people are deciding instead to go back to school, hoping that additional education will make them more marketable to potential employers. This has led to an unprecedented increase in student loan debt among middle-aged Americans.

Continue reading Student loan debt increases among middle-aged borrowers...

Tags: bankruptcy, debt, student loan repayment, student loans, unemployment