Atlanta Bankruptcy Law Blog

How to avoid debt this holiday season (2)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, November 30, 2012.

Earlier this week, we discussed a few ways in which our Georgia bankruptcy blog readers can avoid incurring large amounts of debt as they shop for family and friends this holiday season. Having a debt-avoidant mentality may be more important this year than in years past, as retailers adopt increasingly aggressive and tricky methods for getting consumers to spend money in their stores.

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Tags: credit card debt, debt, holiday shopping, spending

How to avoid debt this holiday season (1)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, November 29, 2012.

With Thanksgiving and Black Friday already a distant memory, the holiday shopping season has officially begun in Georgia and all throughout the United States. And while buying and giving gifts to family and friends can be fun and meaningful, it is important to remain within your means while shopping for loved ones. After all, no one that truly cares about you would want you to incur huge debts to buy them a Christmas present.

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Tags: credit card debt, debt, holiday shopping, spending

Will health care reform reduce Georgians' medical debt? (2)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Saturday, November 24, 2012.

Earlier this week, we began a discussion on medical debt and bankruptcy, and whether the Affordable Care Act would relieve any of the pressure of high medical bills on Georgia families. This is an issue that affects a huge portion of the U.S. population: economists say that medical debt is the most common type of debt owed in this country. It is, they say, more common than car loans, student loans, credit card debt, mortgages and other forms of debt.

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Tags: bankruptcy, health, medical bills, medical debt

Will health care reform reduce Georgians' medical debt? (1)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, November 23, 2012.

Although the Affordable Care Act has been touted as a major, much-needed reform of the American health care system, many Georgia residents remain uncertain on just how the new law will change their health insurance and the way that they seek and pay for medical care. And they are not alone. Many people, even state and federal officials, are not yet sure whether the health care law will reduce the average American's medical debt load.

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Tags: bankruptcy, health, medical bills, medical debt

Student loans may be delaying retirement for many older Americans

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, November 15, 2012.

We often think of student loan debt as an issue that only affects young people. Unfortunately, that is not the case. According to recent reports, the fastest-growing age group for student loan debt is people over 60. Currently, that group owes a total of $43 billion in student loans, and nearly 10 percent of them are at least 90 days delinquent on their loan debt. To compare, the number of over-60 debtors that were behind on loans in 2005 was just 6 percent.

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

Federal agency sues over mortgage relief fraud

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, November 9, 2012.

The U.S. Federal Trade Commission (FTC) has filed lawsuits against three companies, accusing the companies of using fraudulent means to swindle homeowners out of millions of dollars. The ultimate goal of the lawsuits is to immediately force the companies to shut down.

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Tags: FTC, foreclosure, foreclosure fraud, mortgage, mortgage fraud

Average household debt falls to pre-recession levels

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Monday, November 5, 2012.

New reports indicate that households in Georgia and throughout the country have cut their debt down to record low levels. The average debt load held by U.S. households is now at or below the amounts reported before the economic recession hit in 2008.

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Tags: credit card debt, debt, recession, student loans

Atlanta singer accused of bankruptcy fraud

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Saturday, November 3, 2012.

Over the past two years, Atlanta singer Toni Braxton has dealt with significant financial issues, going deep into debt and filing for personal bankruptcy. It appeared that her money troubles were over last year when her debts were discharged through the Chapter 7 bankruptcy process. You can read more about that in our earlier bankruptcy blog post.

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Tags: Chapter 7, Toni Braxton, assets, bankruptcy, bankruptcy fraud