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Are Filing Rules and Debt Traps Fueling Bankruptcy in Georgia? Atlanta, GA

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Are Filing Rules and Debt Traps Fueling Bankruptcy in Georgia?

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It is no secret that Georgia ranks in the top three for states with the highest personal bankruptcy filings. Although employment is on the up, for now, the number of people filing in the state still dwarfs most other states. For bankruptcy lawyers and other credit professionals, the important question is why?

Credit Laws

If you live in Georgia, credit-friendly laws may seem like a great idea; that is, until you end up overwhelmed by debt that is easy to get into but not so easy to escape. This is especially true for those who are considered middle-class. While the cost of living continues to increase, earning potential lags behind. Individuals and families that live beyond their means are more likely to get into debt as the gap between earnings and affordability of lifestyle grows.

Debt Relief

In Georgia, the bankruptcy courts have made pursuing relief an attractive proposition for those who are struggling to pay the bills. You may not even need to pay any money when filing for Chapter 7 bankruptcy in Georgia, depending on where the case is filed. Throughout the state, bankruptcy courts are generally favorable towards debtors. This may have the unintended potential to influence how Georgians look at debt. If debtors know the court is likely to take their side, running up debt may not carry much of a threat.

Inadequate Consumer Safety Net

A debt trap is often the result of inadequate laws, policies or practices that should protect consumers. The unfettered ability to access vast amounts of credit is, more often than not, a recipe for disaster. It is unfair to judge the actions of any individual or family when living above one’s means is the only way to improve social or economic status. When there are robust laws and regulations for borrowing in place, people have little other choice than to borrow responsibly.

If you are struggling in a debt trap and want to seek relief, why not speak to a bankruptcy lawyer from Gingold & Gingold today? We can offer you experienced guidance to help you break out of that cycle once and for all.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


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    Jamie L. Gingold, PC
    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!

    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.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

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