Atlanta Bankruptcy Law Blog

Bankruptcy judge rules in favor of Georgia coach

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Monday, February 27, 2012.

A federal bankruptcy judge has reportedly rejected a fraud claim made by a former University of Georgia football player against former UGA coach Jim Donnan. In the ruling, the judge stated that there was no evidence that Donnan engaged in deceptive conduct and, as such, that the player was not eligible to have access to Donnan's assets before other investors.

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Tags: Georgia, Ponzi scheme, bankruptcy, bankruptcy fraud

Bill to cut unemployment benefits passes Georgia Senate

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, February 24, 2012.

Earlier today, the Georgia state Senate passed a bill which, if passed by the state House of Representatives, will cut state unemployment benefits by half in some cases. The law is reportedly an attempt to repay some $700 million that it borrowed from the federal government to pay benefits to workers who became unemployed during the recession.

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Tags: Georgia, unemployment, unemployment rate

More Georgians forced to use credit cards to pay medical bills

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, February 22, 2012.

If you are like many other Georgians, you are probably in a precarious financial position as a result of the depressed job and housing markets. Even if you have avoided bankruptcy and foreclosure throughout the economic recession, you may be just one emergency or unplanned situation away from financial disaster.

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Tags: bankruptcy, credit card debt, health, medical bills, medical debt

Atlanta judge dismisses Tionne Watkins' bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Thursday, February 16, 2012.

In November, we wrote that Tionne Watkins, a founding member of the singing group TLC who is better known by her stage name of T-Boz, had filed for bankruptcy in Atlanta. Earlier this month, however, Watkins' bankruptcy petition was dismissed by the Atlanta judge overseeing the case after he reportedly found that she was not fulfilling her obligations under the repayment plan.

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Tags: Atlanta, Chapter 13, Tionne Watkins, bankruptcy, child support

Bankruptcy may not provide relief for law school graduates

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, February 14, 2012.

For many decades, students who sought a law school degree and the significant debt that it entailed could take comfort in the knowledge that, after graduation, they would be able to secure a job with a paycheck near or above six figures. With the onset of the economic recession, however, all that changed.

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

Georgia ranks last in terms of financial security

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, February 10, 2012.

According to a new study, Georgia residents have the lowest level of financial security than residents of any other state in the country. This means that Georgians are more likely to be living paycheck-to-paycheck with little to no safety net protecting them financially if something unexpectedly goes wrong.

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Tags: Georgia, bankruptcy, debt, financial security

Debt collector ordered to halt deceptive practices

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Monday, February 6, 2012.

Many Atlanta residents believe that once they owe a debt, they will owe on it forever, and that the company collecting the debt can do anything to make them pay. However, that is largely untrue. Debt collectors must follow federal rules and regulations regarding statutes of limitations for payments, notification to debtors, and appropriate documentation.

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Tags: FTC, debt, debt collector

Unemployment falls to lowest rate in three years

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, February 3, 2012.

Sometimes, it seems like we only write posts for our bankruptcy blog when there is bad news to share. Well, that is not the case today. After the release of a new employment report, it seems that the job market may, finally, be turning itself around.

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Tags: job growth, underemployment, unemployment, unemployment rate