Atlanta Bankruptcy Law Blog

Dependence on a house of credit cards may be debt trouble

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

Atlanta-born comedian Jeff Foxworthy has made a successful career pointing out signs that someone might be a redneck. Did you know that there are also signs that you might be headed into financial trouble that requires debt relief through bankruptcy or some other means?

Continue reading Dependence on a house of credit cards may be debt trouble...

Tags: Bankruptcy, credit cards, minimum payments

Supreme Court rules some IRAs not protected in bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, June 19, 2014.

Back in April, we posted about a legal challenge that had made its way to the U.S. Supreme Court. It involved a question over whether funds in certain inherited individual retirement accounts are provided protection from creditors during bankruptcy proceedings. The answer is now in.

Continue reading Supreme Court rules some IRAs not protected in bankruptcy...

Tags: Chapter 7, Chapter 7 bankruptcy

Think twice before ignoring unpaid debts

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Friday, June 13, 2014.

When your debt begins to feel overwhelming, it can be tempting to stop opening your bills. After all, the stress of opening your credit card bills, medical bills and auto loan statements can be extremely taxing. And you may find yourself asking, “What is the point of opening this bill if I can’t pay it?” These feelings are understandable. However, you are likely to do your financial future more harm by ignoring your unpaid credit card debt and other bills than if you choose to remain engaged.

Continue reading Think twice before ignoring unpaid debts...

Tags: Bankruptcy, credit card debt, filing for bankruptcy

Study suggests heavy credit card burdens not due to bad choices

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Friday, June 6, 2014.

It is not uncommon to think that if a person has a mountain of credit card debt that they must be profligate spenders. There have been a lot of studies to suggest that it is not the case. The latest of these from the public policy group Demos. And still, the stereotype tends to persist.

Continue reading Study suggests heavy credit card burdens not due to bad choices...

Tags: Bankruptcy, credit card debt, unemployment