Atlanta Bankruptcy Law Blog

Report shows debt collection complaints common in military

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, April 24, 2014.

There are many people in Georgia who bravely serve the United States in the military. Some have put their lives on the line to defend our country, and others have volunteered to put themselves through stressful situations for the betterment of the service. Although these individuals deserve to be upheld for their contributions to our country, some people have no problem trying to take advantage of them.

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Tags: creditors

'Serial filer' loses home after 18th bankruptcy petition

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, April 18, 2014.

When threatened with the loss of a home, many Atlanta residents would do anything to save it. For many people, a home is more than a house. Lives unfold inside the places we call home. Many people start a family, watch their children take their first steps, and create millions of other memories in a home. The idea of losing a place so sacred can be devastating.

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Tags: Chapter 7

Are inherited retirement accounts protected in bankruptcy?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Monday, April 7, 2014.

When a person in Atlanta files for personal bankruptcy, his or her retirement accounts are protected from being used to pay off debts in most cases. This rule was established to ensure that people who go through bankruptcy are not left worse off than before they filed.

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Tags: Chapter 7, Chapter 7 bankruptcy

Will closing a credt card hurt your credit score?

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Wednesday, April 2, 2014.

Many people in Atlanta have probably experienced some sort of frustration with credit cards. Maybe you ended up over your head in debt after a job loss or medical procedure. Others may simply feel that they have become too reliant on a credit card or two. In either of these situations -- and many others -- people often consider closing a credit card. There are some situations, however, in which closing a credit card may do more harm than good.

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Tags: credit cards