Atlanta Bankruptcy Law Blog

Foreclosure rates high in counties surrounding Atlanta

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, April 10, 2013.

According to the most recent data from RealtyTrac, Douglas County had the highest number of foreclosure filings in Georgia in January and February 2013. During February 2013, one out of every 275 homes in Douglas County was involved in the foreclosure process.

Continue reading Foreclosure rates high in counties surrounding Atlanta...

Tags: Georgia, foreclosure

Georgia's bankruptcy rate rises above national average

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, January 10, 2013.

While a majority of states are reporting a drop in the number of bankruptcies filed, Georgia's rate continues to grow; now showing that the state is 70 percent above the national average.

Continue reading Georgia's bankruptcy rate rises above national average...

Tags: Georgia, bankruptcy filings, bankruptcy rates, financial security

Atlanta man pleads guilty to foreclosure scheme

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

An Atlanta man may be facing jail time after pleading guilty to racketeering charges in connection with an alleged foreclosure scheme. The man told the court that he was influenced by a group of sovereign citizens, who believe that they each make up their own individual sovereign nationality and are therefore immune to local, state and federal laws.

Continue reading Atlanta man pleads guilty to foreclosure scheme...

Tags: Georgia, foreclosure, foreclosure fraud

Georgia poverty report shows slight improvements

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, September 14, 2012.

According to a new Census Bureau report on household income and poverty, the economic situation in Georgia has improved, slightly, in recent years. However, Georgia residents remain in far worse financial situations than they were before the economic recession, due largely to the stagnation of industries such as construction and the sluggish recovery of the housing market.

Continue reading Georgia poverty report shows slight improvements...

Tags: Georgia, debt, economy, poverty, recession

Evidentiary issues plague Georgia credit card debt lawsuits (2)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, August 31, 2012.

Earlier this week, we began a discussion of the growing problem of inaccurate or outright fraudulent credit card debt lawsuits. Thousands of these suits are filed every month in metro Atlanta courts, and advocates say that number will probably continue to rise.

Continue reading Evidentiary issues plague Georgia credit card debt lawsuits (2)...

Tags: Georgia, credit card debt, creditors, debt collector, lawsuit

Evidentiary issues plague Georgia credit card debt lawsuits (1)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, August 29, 2012.

Throughout the economic recession and its aftermath, much attention has been paid to mortgage fraud and the other issues that led to the foreclosure crisis. Lawmakers and advocates continue to work to identify those issues in order to ensure that innocent homeowners can no longer be harmed by fraud and other predatory practices.

Continue reading Evidentiary issues plague Georgia credit card debt lawsuits (1)...

Tags: Georgia, credit card debt, creditors, debt collector, lawsuit

Unemployment benefits reinstated for Georgia school employees

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, August 16, 2012.

In January, the Georgia State Labor Commissioner instituted a change to the state's unemployment program, under which seasonal school workers such as bus drivers and cafeteria employees could no longer receive unemployment benefits during the summer months. As could be expected, this change placed many of the affected workers into a precarious financial position, forcing them to borrow money, forego paying bills or even file for bankruptcy as a result of the forced loss of income.

Continue reading Unemployment benefits reinstated for Georgia school employees...

Tags: Georgia, bankruptcy, unemployment

Unemployment benefits reinstated for Georgia school employees

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, August 16, 2012.

In January, the Georgia State Labor Commissioner instituted a change to the state's unemployment program, under which seasonal school workers such as bus drivers and cafeteria employees could no longer receive unemployment benefits during the summer months. As could be expected, this change placed many of the affected workers into a precarious financial position, forcing them to borrow money, forego paying bills or even file for bankruptcy as a result of the forced loss of income.

Continue reading Unemployment benefits reinstated for Georgia school employees...

Tags: Georgia, bankruptcy, unemployment

Former Georgia coach reaches bankruptcy deal

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, June 27, 2012.

The former football coach for the University of Georgia has reportedly agreed to a bankruptcy settlement with a retail liquidation company and several of its former investors who are accusing the coach of illegally profiting off of a Ponzi scheme. Under the agreement, Jim Donnan will pay nearly $30 million to both the company and its investors.

Continue reading Former Georgia coach reaches bankruptcy deal...

Tags: Georgia, Ponzi scheme, bankruptcy

Despite national five-year low, Atlanta foreclosures increase (2)

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, June 8, 2012.

Earlier this week, we wrote about the new report which stated that the national foreclosure rate has dropped to a five-year low. As previously discussed, that initial report of a falling foreclosure rate does not paint a complete picture of the situation in states like Georgia, where foreclosures have increased year-over-year.

Continue reading Despite national five-year low, Atlanta foreclosures increase (2)...

Tags: Georgia, foreclosure, foreclosure rates, short sale

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.

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

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

Many Atlanta children are affected by foreclosure

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, April 24, 2012.

In recent years, there have been countless reports on the effects of the foreclosure crisis on homeowners and renters, especially those in Georgia and the other hardest-hit states. However, few reports have focused on one of the largest and most seriously-affected groups of people: the children who are forced to move out of a home or rental property after it is foreclosed upon and repossessed.

Continue reading Many Atlanta children are affected by foreclosure...

Tags: Georgia, children, foreclosure, renters, repossessions