Atlanta Bankruptcy Law Blog

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

Stop Harassing Creditors with Automatic Stay

You are already under an enormous amount of stress with unpaid bills piling up and the stress of how far you can stretch your next paycheck. Add on top of that the non-stop calls from harassing creditors and you have yourself the recipe for a mental breakdown.

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Tags: Ceditor Harassment, Filing Bankruptcy, Automatic Stay, Bankruptcy Lawyers, Loading...

Study highlights challenges of debt and young age

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Saturday, April 18, 2015.

It is easy to be jealous of the fame and talent of professional football players; their potential fortunes are also something to envy. People often assume that all that money comes with a happy life free from financial woes. However, these athletes face the same money problems that people all across Georgia deal with every day.

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Tags: bankruptcy, debt relief, personal debt

Getting Homesafe Georgia up to speed preventing foreclosures

On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, August 18, 2014.

Getting behind on your mortgage payment one month or two may not be the beginning of the end. But becoming delinquent on payments for an extended period of time can result in you receiving word that the bank is looking to take your home through foreclosure.

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Tags: Bankruptcy, foreclosure, homeowner

Trustee seeks recovery from casinos in Atlanta bankruptcy case

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

The ins and outs of filing for bankruptcy are complicated. There is no form 1040EZ to fill out as there is for taxes. The nuances are many and it can be easy for someone unfamiliar with them to overlook legitimate opportunities that might exist.

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Tags: Chapter 7, Chapter 7 bankruptcy

SunTrust Banks settles its foreclosure debacle in Georgia

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, July 4, 2014.

The housing crisis may be over, but the federal government and the state of Georgia are still working to clean up the mess. SunTrust Banks, which is based in Atlanta, is the latest in a line of financial institutions to settle with government entities regarding deficient mortgage and foreclosure practices. The nearly $1 billion settlement could provide some relief for homeowners in the state.

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

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?

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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.

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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.

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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.

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Tags: Bankruptcy, credit card debt, unemployment

Student loan lenders have long reach, even beyond bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Friday, May 9, 2014.

When it comes to bankruptcy and its ability to provide a person a path to financial security, the issue of student loans tends to stand apart. Unlike other unsecured debt, student loans aren't typically discharged through a Chapter 7 bankruptcy.

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Tags: Chapter 13, Chapter 13 bankruptcy

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