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Job Loss and Bankruptcy Atlanta, GA

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Client Reviews

Job Loss and Bankruptcy

Bankruptcy sign

Most people never imagine that they will ever face bankruptcy, yet unexpected job loss can bring this unfortunate circumstance front and center. Understanding how to handle bankruptcy after job loss can benefit you for years to come. 

Delaying your bankruptcy filing after a recent high-paying job loss can actually make it easier for you to qualify for Chapter 7 bankruptcy. Not everyone is eligible to receive Chapter 7 relief, and there is a “Means Test” that looks at your income and expenses to determine if you qualify for the guidelines of Chapter 7. In order to pass the “means test” your income must be low enough for you to file for Chapter 7 bankruptcy. Therefore, if someone recently loses a high-paying job, it is not advisable for him or her to immediately file for bankruptcy. The means test will take the average of your gross income for the six months prior to bankruptcy and then compare it against Georgia’s state median for a similar household. Therefore, if you file for bankruptcy immediately following the loss of a job, the last six months that you have earned a high-paying income will count against you. 

At Gingold & Gingold, LLC, we can help you navigate the waters of bankruptcy in order to help you make the best decisions regarding your finances and financial future. Bankruptcy courts have discretion to consider special circumstances when people file (or attempt to file) for Chapter 7 bankruptcy. However, your previous income will still come into account, making it harder for certain individuals to qualify than others. 

Ira D. Gingold and Jamie L. Gingold have been practicing law for a combined 60 years, and they have considerable experience handling difficult and complex bankruptcy matters. Having resources does not mean that you cannot file Chapter 7 or Chapter 17, but there are areas of the law that you need to be knowledgeable about in order to work in your favor. Contact Gingold & Gingold, LLC, today to schedule a free consultation.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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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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