Atlanta Bankruptcy Law Blog
On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, March 28, 2013.
Borrowers who are having trouble paying their bills have more likely than not thought about debt consolidation and wondered if such a magical, seemingly simple solution could be the way out of financial hardship. Debt consolidation can be a very helpful tool, eliminating a variety of high interest rates and a complex web of creditors and creating a simplified plan to pay off debt. However, this magical option can still be risky, since as many Atlanta readers already know, there is no easy way out of mounting unpaid bills.
Continue reading Understanding debt consolidation...
On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, March 18, 2013.
In our last post, we discussed the wrongful evictions of more than 700 members of the military by big banks. Government regulators are requiring banks to take some remedial action to help repair the damage caused by those wrongful evictions, many of which were unlawful because active duty service members have a certain level of protection against foreclosures and evictions.
Continue reading Protesters ask Fannie Mae to stop foreclosure of Atlanta veteran...
On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, March 11, 2013.
We've written a few times in the past about the settlement that was recently reached between the country's largest banks and federal financial regulators. The settlement, as we've previously discussed, resulted from an investigation into lending and foreclosure practices by the nation's most powerful banks that revealed significant wrongdoing. Among other wrongful conduct that was uncovered, there were many cases in which banks were foreclosing on borrowers who were not in default on their loans, in other cases banks were denying loan modifications without cause for borrowers who could have stayed in their homes.
Continue reading Over 700 military members were victims of wrongful foreclosure...
On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, March 7, 2013.
Medical debt can be a major source of financial hardship for Georgia residents who have recently been injured or seriously ill. Even for minor medical needs, bills can add up and become overwhelming quickly, especially when combined with other financial obligations. One of the major reasons why people end up in serious medical debt is because of a lack of health insurance coverage.
Continue reading Avoiding medical debt...
On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, March 5, 2013.
Student debt has been a major topic of conversation in recent years as the amount of student debt in the nation has become the largest pool of debt in the country. Overtaking even credit card debt, more than 37 million Americans have student debt and many of those borrowers are struggling with delinquency and default.
Continue reading Should we be able to refinance student loans?...
On behalf of Gingold & Gingold LLC posted in Bankruptcy on Saturday, March 2, 2013.
For Georgia residents who are struggling to make payments on their various financial obligations, the path out of debt can seem insurmountably difficult. However, as we have emphasized many times in the past on this blog, borrowers have various options when debt becomes overwhelming and it is not possible to continue to make payments on all of one's obligations.
Continue reading Many ways to get out of debt...