Atlanta Bankruptcy Law Blog

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

Unemployment rate falls as more Georgians go back to work

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Saturday, October 13, 2012.

According to a new report from the federal Department of Labor, the U.S. unemployment rate fell last month to a nearly four-year low, with nearly all industries reporting significant job gains. Specifically, the jobless rate dropped to 7.8 percent in September, the lowest number since January 2009.

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Tags: bankruptcy, job growth, underemployment, unemployment, unemployment rate

Does long-term unemployment make it harder to get a job?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, October 3, 2012.

The answer to that question is yes, according to a new unemployment study. People who are unemployed for extended periods of time are more likely to experience difficulty in finding a new job.

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Tags: bankruptcy, debt, unemployment, unemployment rate

Can you file for bankruptcy while living at home?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, September 21, 2012.

In the years during and since the economic recession, many recent college graduates and other Atlanta young people have found themselves somewhere they likely never thought they would be: back at home, living with their parents. Several factors are behind the recent trend of twenty- and thirty-somethings living at home, namely a high unemployment rate and increasing student loan burdens.

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Tags: bankruptcy, college graduates, debt, student loan debt, unemployment

In 2000s, middle class saw declines in income, net worth

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, September 5, 2012.

The first decade of the 2000s was hard on the middle class, according to a new study from the Pew Research Center. During those 10 years, both median income and median net worth fell for middle class households, and the middle class itself shrunk. The reasons for these declines are the common culprits behind so many of the lasting negative effects of the economic recession: unemployment, underemployment, the loss of home equity and underwater mortgages.

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Tags: debt, middle class, recession, 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.

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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

Extended unemployment benefits to be cut in several states

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, May 29, 2012.

In the next couple of months, more than 115,000 Americans will lose their extended unemployment benefits under a new federal law that forbids states with steady or falling unemployment rates from issuing extended benefits to their residents. With those additional cuts, the number of people who have lost their extended benefits so far this year will total more than 500,000.

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Tags: unemployment, unemployment rate

Bill to cut unemployment benefits passes Georgia Senate

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, February 24, 2012.

Earlier today, the Georgia state Senate passed a bill which, if passed by the state House of Representatives, will cut state unemployment benefits by half in some cases. The law is reportedly an attempt to repay some $700 million that it borrowed from the federal government to pay benefits to workers who became unemployed during the recession.

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Tags: Georgia, unemployment, unemployment rate

Unemployment falls to lowest rate in three years

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, February 3, 2012.

Sometimes, it seems like we only write posts for our bankruptcy blog when there is bad news to share. Well, that is not the case today. After the release of a new employment report, it seems that the job market may, finally, be turning itself around.

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Tags: job growth, underemployment, unemployment, unemployment rate

Student loan debt increases among middle-aged borrowers

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, January 4, 2012.

Although the recession technically ended more than two years ago, it continues to affect the millions of people in Georgia and throughout the U.S. who are still struggling to find work. After many months of unemployment, many middle-aged people are deciding instead to go back to school, hoping that additional education will make them more marketable to potential employers. This has led to an unprecedented increase in student loan debt among middle-aged Americans.

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Tags: bankruptcy, debt, student loan repayment, student loans, unemployment

Unemployment and debt force young adults to live with parents

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, November 8, 2011.

College graduation is supposed to be an exciting time, as students celebrate their accomplishments and look forward to the life and career ahead of them. However, as the economy continues to struggle, many young adults in Georgia and throughout the country are finding out that their college graduation may not be the beginning of a successful, prosperous life, after all.

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Tags: bankruptcy, college graduates, housing market, student loans, unemployment