Atlanta Bankruptcy Law Blog

Appeals courts differ on inherited assets in bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Tuesday, April 30, 2013.

When Georgia residents are considering filing for bankrutpcy under either Chapter 7 or Chapter 13, it is crucial to consider the impact the filing will have on all of one's assets. A big part of the bankruptcy process is reorganizing assets and figuring out the best way to pay off creditors or discharge debts. When this is happening it can seem like payment-hungry creditors will take anything they can find to satsify a debt.

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Tags: Chapter 7

Former Supermodel files for bankruptcy

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, April 26, 2013.

Former supermodel and reality television fixture Janice Dickinson has filed for bankruptcy, telling reporters that the filing is an effort to fix her finances and pay back her creditors. The total amount that she owes is said to be about $1 million.

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Tags: bankruptcy, medical bills, tax debt

Decline in Georgia foreclosures for the first quarter of 2013

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, April 25, 2013.

As finances get tight, it can be very difficult to make the requisite mortgage installments that are due each month. With time, lenders begin to get impatient on missed payments. This often results in the initiation of the foreclosure process.

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Tags: bankruptcy, foreclosure

Can prepaid cards help teens learn to manage their money?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, April 23, 2013.

Prepaid credit cards have been growing in popularity in the last few years, as access to card-based banking has become an important convenience for many Americans. Prepaid cards can be very helpful to those without credit cards or access to a checking account, enabling them to pay bills online and securely transfer money to a family member. Prepaid cards have also become popular among parents who need to provide their children with some spending money but want to limit access and ability to overspend.

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Tags: bankruptcy, banking fees, credit card debt, prepaid credit cards

Consumers' rights: creditor harassment

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Sunday, April 21, 2013.

If you are having difficulty with your finances, you should know that you still have rights. The Fair Debt Collection Practices Act protects consumers against unfair collection methods.

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Tags: debt collector, bankruptcy

First wave of mortgage relief checks bounce

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, April 18, 2013.

In our last post, we discussed the fact that this week, thousands of borrowers in Georgia and around the country who were victims of bank misconduct would be receiving checks from the banks to compensate them. The checks ranged from $300 to potentially over $100,000 and were poised to be a welcome relief or at least a consolation for homeowners who suffered at the hands of big banks.

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Tags: bank misconduct, bankruptcy, foreclosure

Banks to begin payments to Georgia foreclosure victims

On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, April 15, 2013.

The nation's biggest banks have begun to doll out repayment checks to borrowers in Georgia and around the country as part of a settlement agreement reached with federal regulators. The settlement came after an investigation into foreclosure practices that revealed banks were foreclosing on some homes that were not in default and denying loan modifications to some who qualified, among other things.

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Tags: bank misconduct, foreclosure, loan modifications

Are inherited assets subject to forfeiture in bankruptcy?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, April 10, 2013.

There are many important issues to consider when assessing whether or not to file for Chapter 7 or Chapter 13 personal bankruptcy. The first and most important is obviously the level of debt compared with income, since bankruptcy laws require specific minimum standards in order to be eligible for debt restructuring or debt forgiveness.

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Tags: Chapter 13, Chapter 7, asset forfeiture, debt relief, inheritance, trust assets

Foreclosure rates high in counties surrounding Atlanta

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, April 10, 2013.

According to the most recent data from RealtyTrac, Douglas County had the highest number of foreclosure filings in Georgia in January and February 2013. During February 2013, one out of every 275 homes in Douglas County was involved in the foreclosure process.

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Tags: Georgia, foreclosure

Shifting debt among credit cards is often riskier than it seems

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, April 4, 2013.

In this tough economy, a lot of Georgia residents are looking for ways to stretch their paycheck and manage their debt. One of the ways that people often do this is through consolidating debt or shift debt from one loan to another. Doing this can simplify payments and sometimes reduce interest rates, or at the very least could help delay being late on a payment. One trend that credit experts have picked up on recently is the transferring of debt from a car loan to a credit card with a temporarily lower interest rate.

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Tags: credit card debt, repossessions, car payment

Grammy winning singer files for personal bankruptcy

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Monday, April 1, 2013.

Grammy winner Dionne Warwick filed for personal bankruptcy recently, citing a tax debt of over $10 million that she is unable to pay with existing income and assets. Her spokesperson said that the debt was the result of financial mismanagement in the 1980s and 1990s.

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Tags: bankruptcy, debt relief, tax debt