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Debt Consolidation vs Bankruptcy Atlanta, GA

Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Client Reviews

Debt Consolidation Companies vs. Bankruptcy

Helping Clients Make the Right Choice to Get Relief From Debt

Debt consolidation companies often advertise that they can help you lower your monthly payments without filing bankruptcy. What they do not tell you is that their approach is extremely risky because they cannot force your creditors to agree to a payment plan.

At the law firm of Gingold & Gingold LLC, our experienced attorneys — Ira D. Gingold, who has been a bankruptcy lawyer since 1971 and Court-appointed Bankruptcy Trustee from 1971-2013, and Jamie L. Gingold, who has been practicing bankruptcy, real estate and business law since 2001 — are committed to making sure people know the truth about debt consolidation companies.

Understanding How Debt Consolidation Differs From Bankruptcy

One of the benefits of filing bankruptcy with the help of an experienced attorney is that the interest on your credit card debts and lawsuit judgments stops. The Bankruptcy Court has the power to permanently wipe out your debts in Chapter 7 or force your creditors to accept an affordable repayment plan in Chapter 13. Debt consolidation companies do not have the legal power to do either of these things. Common problems with these companies include:

  • High fees charged by the debt consolidation company
  • High interest rates charged by your creditors
  • Negative information on your credit report
  • Garnishment of your wages by creditors who refuse to participate

Our bankruptcy lawyers can relieve your stress by helping you make a fresh start. We will get your debts wiped out so you can focus on paying for what is really important to you rather than paying a debt consolidation company every month while fees, interest and penalties continue to increase.

Contact Us for a Free Consultation to Learn More About Your Options

To learn more about the difference between debt consolidation and bankruptcy, contact us today at (404) 685-8800 or by e-mail to schedule a free consultation with our attorneys. We have convenient office locations in Atlanta, Cumming, Dallas and Douglasville, with evening and weekend appointments available.

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Our Client Reviews

Gingold & Gingold LLC
5.0 / 5.0

Based on 28 reviews

Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

Karen B.

Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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