Atlanta Bankruptcy Law Blog

When can you file for bankruptcy for the second time?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Saturday, August 31, 2013.

Earlier this week, we discussed the reasons behind Sindbad's second bankruptcy filing, and a couple weeks ago we discussed the second bankruptcy filing of Toni Braxton. These blog posts may have made Atlanta residents wonder about the rules for filing for bankruptcy a second time.

Continue reading When can you file for bankruptcy for the second time?...

Tags: Chapter 13, Chapter 13 bankruptcy, debt relief, fresh financial start

Sinbad blames business expenses for second bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, August 29, 2013.

When celebrities file for bankrupcty - and even when ordinary folks in Atlanta file for bankruptcy - people often assume that lavish or irresponsible spending was the cause. In fact, however, this is often not the case. As we have discussed on this blog, reckless spending causes far fewer bankruptcies than unpredictable sudden expenses, such as medical costs.

Continue reading Sinbad blames business expenses for second bankruptcy...

Tags: personal debt

How does a bankruptcy filing affect home ownership in Georgia?

On behalf of Gingold & Gingold LLC posted in Liens on Friday, August 23, 2013.

Many Atlanta residents who are in need of serious debt relief may be avoiding filing for bankruptcy protection because they are worried that this will cause them to lose their homes. However, bankruptcy is actually a viable option for many homeowners, as in many cases it allows people to keep their homes and become freed from a number of their debts.

Continue reading How does a bankruptcy filing affect home ownership in Georgia?...

Tags: bankruptcy, car, homes

Is it possible to negotiate lower medical bills?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, August 21, 2013.

As we've previously discussed in this blog, medical bills are a leading cause of bankruptcy in the Atlanta area. Often, people incur huge medical expenses when they suffer illnesses or injuries while they are uninsured. However, one does not have to be without medical insurance to end up facing unmanageable medical debt. Sky-high deductibles, mounting premiums and sudden injuries or health troubles can, and often do, result in thousands of dollars of debt.

Continue reading Is it possible to negotiate lower medical bills?...

Tags: Chapter 7, Chapter 7 bankruptcy, debt relief

How soon can you file for Chapter 7 again?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, August 14, 2013.

Some Atlanta residents have gone through a Chapter 7 bankruptcy filing in the past five years. Ever since the Great Recession in 2008, people have been struggling; and while things are getting better, some people are still trying to get their finances in order. May it be a crushing loan or a tumultuous job situation, some people need bankruptcy protection -- even after filing for bankruptcy recently.

Continue reading How soon can you file for Chapter 7 again?...

Tags: Chapter 7, Chapter 7 bankruptcy, liquidation

Student loan borrowers in Atlanta have many options for repayment

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, August 9, 2013.

We have discussed the student loan debt crisis previously on this blog, and many Atlanta residents are all too familiar with this issue due to their own personal experiences. Student loan debt in this nation recently hit the $1.2 trillion mark and many Georgia residents are hurting as a result. In fact, the average student loan borrower is now graduating with about $26,000 in debt--and 10% of borrowers are at least $40,000 in the red before they toss their caps.

Continue reading Student loan borrowers in Atlanta have many options for repayment...

Tags: Chapter 7, Chapter 7 bankruptcy, debt relief, struggling with debt

Internet payday lenders under scrutiny in Georgia

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Wednesday, August 7, 2013.

Last week, Georgia Attorney General Sam Olens sued several payday lenders, seeking to stop the lenders from doing business in the state. Here in Georgia, it is illegal to make payday loans under the Pay Day Lending Act.

Continue reading Internet payday lenders under scrutiny in Georgia...

Tags: wage garnishment

Bankruptcy options for small business owners

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Friday, August 2, 2013.

Here in the Atlanta area there are a number of small businesses. Sometimes these ventures thrive for many years, and other times, unfortunately, small businesses do not make it. When a small business decides to close its doors, business owners are often faced with tough decisions about how to resolve financial issues.

Continue reading Bankruptcy options for small business owners...

Tags: Chapter 13