Atlanta Bankruptcy Law Blog

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

Payday and car title loans can create overwhelming debt

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, May 29, 2014.

As the economy continues to struggle, many Georgians find themselves struggling with debt. Whether from an unexpected medical condition, decreased wages, unemployment, or high debt burden, individuals may find it difficult to make their minimum payments on time. This overwhelming debt may force individuals to look elsewhere for funds, which could cause them more financial troubles.

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Tags: Chapter 7, debt relief, fresh financial start, overwhelming debt, struggling with debt

Is bankruptcy the best option for soon-to-be retirees?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, March 20, 2014.

Let's say you are a few years away from retiring, but you are deep in debt. You have a mortgage -- and maybe a second mortgage -- car loans, and other debts that you just can't keep up with. What's your best move?

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Tags: debt relief

Partner's shady dealings cause man to file Chapter 7 bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, January 29, 2014.

Starting one’s own business is always a gamble. Sometimes you hit it big and become wildly successful, and other times you end up having to file for Chapter 7 bankruptcy. Even if you’ve done everything right, you could still find yourself in financial trouble. It may not even be your fault.

Continue reading Partner's shady dealings cause man to file Chapter 7 bankruptcy...

Tags: Chapter 7, Chapter 7 bankruptcy, debt relief, fresh financial start, struggling with debt

Chapter 13 bankruptcies continue to be common in the South

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, January 15, 2014.

Sometimes in life people run into money problems and need debt relief. Filing for bankruptcy, including Chapter 13, is a big decision that comes to those who are facing tough financial challenges.

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Tags: Chapter 13, Chapter 13 bankruptcy, debt relief, financial challenges

Are doctors pushing credit cards in Atlanta medical offices?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Tuesday, October 29, 2013.

Many Atlanta residents struggle with large out-of-pocket medical and dental expenses for care that is not covered by insurance. In some cases, it is simply impossible for patients to pay their medical bills, and as a result some doctors and dentists have begun offering financing in their offices.

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Tags: debt relief

Filing bankruptcy is nothing to be ashamed about

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, October 23, 2013.

Bankruptcy rates have surged in recent years, as the recession pushed many Americans into dire financial straits. About 32 percent more Americans filed bankruptcy in 2008 than in 2007, and the number of filings generally continued to climb until this year.

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Tags: debt relief, fresh financial start, struggling with debt

How is the government shutdown affecting workers in Atlanta?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, October 10, 2013.

People from all over the country have been reading about the current government shutdown. No matter what a person's political stance is on the situation, the fact is that the partial shutdown is taking a profound toll on people in Atlanta and elsewhere who are currently unable to work.

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Tags: Chapter 7, Chapter 7 bankruptcy, debt relief, fresh financial start

When can you file for bankruptcy for the second time?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Saturday, August 31, 2013.

Earlier this week, we discussed the reasons behind Sindbad's second bankruptcy filing, and a couple weeks ago we discussed the second bankruptcy filing of Toni Braxton. These blog posts may have made Atlanta residents wonder about the rules for filing for bankruptcy a second time.

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Tags: Chapter 13, Chapter 13 bankruptcy, debt relief, fresh financial start

Is it possible to negotiate lower medical bills?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, August 21, 2013.

As we've previously discussed in this blog, medical bills are a leading cause of bankruptcy in the Atlanta area. Often, people incur huge medical expenses when they suffer illnesses or injuries while they are uninsured. However, one does not have to be without medical insurance to end up facing unmanageable medical debt. Sky-high deductibles, mounting premiums and sudden injuries or health troubles can, and often do, result in thousands of dollars of debt.

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Tags: Chapter 7, Chapter 7 bankruptcy, debt relief

Student loan borrowers in Atlanta have many options for repayment

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, August 9, 2013.

We have discussed the student loan debt crisis previously on this blog, and many Atlanta residents are all too familiar with this issue due to their own personal experiences. Student loan debt in this nation recently hit the $1.2 trillion mark and many Georgia residents are hurting as a result. In fact, the average student loan borrower is now graduating with about $26,000 in debt--and 10% of borrowers are at least $40,000 in the red before they toss their caps.

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Tags: Chapter 7, Chapter 7 bankruptcy, debt relief, struggling with debt

Is the manufacturing job market improving in Georgia?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, July 24, 2013.

A recent report suggests Georgia's manufacturing industry is on the mend. According to the 2014 Georgia Manufacturers Register, Georgia has experienced 1.6 percent growth in manufacturing jobs from May 2012 to May 2013. This is more than double the growth during the same period from 2011 to 2012, as well as ahead of the national average.

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Tags: Chapter 13, Chapter 13 bankruptcy, debt relief, stop creditor harassment