Atlanta Bankruptcy Law Blog

Credit card debt outweighs savings for many Americans

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Friday, February 28, 2014.

We all know the importance of saving money. Having a savings account can help ensure that you are protected and prepared if something unexpected should happen later in life. Divorce, medical bills and other unexpected payments can cause a person to dip into their savings account. However, saving money, as some New Yorkers know, is not always as easy as it sounds.

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Tags: Bankruptcy, credit card debt, credit cards

Atlanta foreclosure rates are down but not out

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, February 20, 2014.

There are few things more frightening than losing your home. Going from sleeping in your bed to sleeping in a hotel room or on a friend’s couch is more than a financial burden; it’s an emotional burden. Regardless of the reason, when you find yourself unable to handle your mortgage payments, you may end up facing foreclosure proceedings. And while foreclosure rates in Georgia are falling, the dangers may still be real.

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Tags: Bankruptcy, filing for bankruptcy, foreclosure, homeowner, mortgage lender, mortgage payments, stop foreclosure

Nonprofit lists 130 creditors in Chapter 7 bankruptcy claim

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Tuesday, February 18, 2014.

There are a lot of expenses that come with running a business. However, the hope is typically that money coming into the business not only pays for these expenses, but there is also a profit to be made.

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Tags: Bankruptcy, Chapter 7 bankruptcy

Garnished wages could be sent to nursing homes on parents' behalf

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Wednesday, February 5, 2014.

Could a nursing home feasibly sue you for your parents’ inability to pay their own nursing care bills? Believe it or not, they actually could. Depending on the laws of your state, filial responsibility laws could make you legally responsible to pay for the care of your parents if they can’t or don’t pay for themselves. These laws have been around for a while, but they’re being enforced more and more as long-term health care becomes a greater burden.

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Tags: stop wage garnishment, wage garnishment