Atlanta Bankruptcy Law Blog

Job Loss and Bankruptcy

Most people never imagine that they will ever face bankruptcy, yet unexpected job loss can bring this unfortunate circumstance front and center. Understanding how to handle bankruptcy after job loss can benefit you for years to come.

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Tags: Atlanta GA

Bankruptcy for Small Business

Owning a small business can be great for most people. But for some, it may not work out and they may need to file for bankruptcy.

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Tags: Bankruptcy Attorneys in Atlanta, Small Business Bankruptcy, Bankruptcy Lawyers for Small Businesses

Former NBA star's Atlanta home auctioned in foreclosure action

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, February 8, 2013.

Former NBA star Alan Iverson's home in Atlanta, Georgia, was auctioned recently as a part of a foreclosure action by a bank that Iverson owed an estimated $1.2 million to on the mortgage.

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Tags: Atlanta, divorce, foreclosure sales, professional athletes

Recovery stalls for Atlanta housing market

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, December 26, 2012.

When the economic recession hit in 2008, home prices in the Atlanta metro area bottomed out, causing thousands of area homeowners to be saddled with underwater mortgages and forcing many into default or foreclosure. And while the housing markets of many other cities and metro areas have significantly improved in the years since the recession, that has not been the case in Atlanta, where home prices have remained low and mortgages have remained underwater.

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Tags: Atlanta, foreclosure, home prices, housing market, underwater mortgage

Michael Vick makes progress on bankruptcy repayment plan

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Monday, October 15, 2012.

When pro football player Michael Vick was released from prison in 2008 after serving his sentence for dog fighting, he was facing significant debt from multiple creditors, including his former team, the Atlanta Falcons.

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Tags: Atlanta, Chapter 13, bankruptcy, debt

Foreclosure notices continue to decline in Atlanta

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, September 12, 2012.

Continuing the downward trend, the number of foreclosure notices filed in the Atlanta metro area once again fell this month. Now, analysts are working to identify the cause of the continuing decline, with many hoping it means that the worst of the foreclosure and housing crisis has come and gone in Atlanta.

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Tags: Atlanta, foreclosure, home prices, housing market, underwater mortgage

Underwater mortgages plague half of Atlanta homeowners

On behalf of Gingold & Gingold LLC posted in Foreclosure on Saturday, August 25, 2012.

In a recent report on mortgage equity in the U.S., there was good news and bad news for residents of metro Atlanta. In the former category, the percentage of Atlanta homeowners who owe more on their mortgage than their home is worth declined by nearly one percent from the first quarter of 2012 to the second.

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Tags: Atlanta, foreclosure, home prices, homeowner, underwater mortgage

Despite national five-year low, Atlanta foreclosures increase (1)

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, June 6, 2012.

U.S. foreclosures recently fell to their lowest level since July of 2007, hitting a nearly five-year low. However, this seemingly-positive announcement is not as straightforward as it seems, as shown by a closer examination of the data. While foreclosure rates declined in several of the "hardest-hit" states, Georgia is just one of many states that saw a year-over-year increase in foreclosures.

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Tags: Atlanta, Georgia, foreclosure, foreclosure rates, repossessions

Georgia ranks in the top five states for foreclosure filings

On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, April 2, 2012.

Although the state saw a slight drop in foreclosure filings from January to February, Georgia currently has the fourth-highest rate of foreclosure filings in the country.

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Tags: Atlanta, Georgia, foreclosure, foreclosure rates, robo-signing

Atlanta judge dismisses Tionne Watkins' bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Thursday, February 16, 2012.

In November, we wrote that Tionne Watkins, a founding member of the singing group TLC who is better known by her stage name of T-Boz, had filed for bankruptcy in Atlanta. Earlier this month, however, Watkins' bankruptcy petition was dismissed by the Atlanta judge overseeing the case after he reportedly found that she was not fulfilling her obligations under the repayment plan.

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Tags: Atlanta, Chapter 13, Tionne Watkins, bankruptcy, child support

Atlanta home prices continue to fall

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, January 31, 2012.

Although there have been small signs of recovery in the job market and economy as a whole, recently released data indicates that it will probably be some time before the housing market recovers. In fact, the market has worsened, with home prices continuing a three-month decline in November, the most recent month for which data is available.

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Tags: Atlanta, economy, foreclosure, home prices, housing market

Atlanta police refuse to foreclose on 103-year-old woman's home

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, December 13, 2011.

Last month, members of a Georgia sheriff's department arrived at a home in northwest Atlanta, prepared to evict the two women who had lived there for more than 50 years. But when the sheriff's deputies realized that they were about to put two elderly women out on the street, they decided not to go through with the eviction, allowing the women to remain in their home.

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Tags: Atlanta, eviction, foreclosure, foreclosure sales