Atlanta Bankruptcy Law Blog

Credit card debt outweighs savings for many Americans

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Friday, February 28, 2014.

We all know the importance of saving money. Having a savings account can help ensure that you are protected and prepared if something unexpected should happen later in life. Divorce, medical bills and other unexpected payments can cause a person to dip into their savings account. However, saving money, as some New Yorkers know, is not always as easy as it sounds.

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Tags: Bankruptcy, credit card debt, credit cards

Atlanta foreclosure rates are down but not out

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, February 20, 2014.

There are few things more frightening than losing your home. Going from sleeping in your bed to sleeping in a hotel room or on a friend’s couch is more than a financial burden; it’s an emotional burden. Regardless of the reason, when you find yourself unable to handle your mortgage payments, you may end up facing foreclosure proceedings. And while foreclosure rates in Georgia are falling, the dangers may still be real.

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Tags: Bankruptcy, filing for bankruptcy, foreclosure, homeowner, mortgage lender, mortgage payments, stop foreclosure

Nonprofit lists 130 creditors in Chapter 7 bankruptcy claim

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Tuesday, February 18, 2014.

There are a lot of expenses that come with running a business. However, the hope is typically that money coming into the business not only pays for these expenses, but there is also a profit to be made.

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Tags: Bankruptcy, Chapter 7 bankruptcy

Garnished wages could be sent to nursing homes on parents' behalf

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Wednesday, February 5, 2014.

Could a nursing home feasibly sue you for your parents’ inability to pay their own nursing care bills? Believe it or not, they actually could. Depending on the laws of your state, filial responsibility laws could make you legally responsible to pay for the care of your parents if they can’t or don’t pay for themselves. These laws have been around for a while, but they’re being enforced more and more as long-term health care becomes a greater burden.

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Tags: stop wage garnishment, wage garnishment

Partner's shady dealings cause man to file Chapter 7 bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, January 29, 2014.

Starting one’s own business is always a gamble. Sometimes you hit it big and become wildly successful, and other times you end up having to file for Chapter 7 bankruptcy. Even if you’ve done everything right, you could still find yourself in financial trouble. It may not even be your fault.

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Tags: Chapter 7, Chapter 7 bankruptcy, debt relief, fresh financial start, struggling with debt

Foreclosure in Georgia is down, but not out

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, January 22, 2014.

Foreclosure is one of the most frightening and disheartening things that can happen to an individual or family. The recent tough economic times have made foreclosure a serious threat for a lot of people. A series of financial struggles can lead from being unable to pay your monthly pills to falling behind on your mortgage, and falling behind on your mortgage can put you at risk of foreclosure.

Continue reading Foreclosure in Georgia is down, but not out...

Tags: Bankruptcy, family, filing for bankruptcy, financial challenges, foreclosure

Chapter 13 bankruptcies continue to be common in the South

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, January 15, 2014.

Sometimes in life people run into money problems and need debt relief. Filing for bankruptcy, including Chapter 13, is a big decision that comes to those who are facing tough financial challenges.

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Tags: Chapter 13, Chapter 13 bankruptcy, debt relief, financial challenges

With millions in debt, international airline files for bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, January 9, 2014.

It is a proud American tradition to start a business. You start small and hopefully can build your business into a large brand that generates income for you and your employees. You might even have issued stock and have shareholders. Starting a business, however, is no easy feat. It takes a lot of money to get a business going, and not all ventures make it up in the end. At this point, a company might consider filing for Chapter 7 bankruptcy.

Continue reading With millions in debt, international airline files for bankruptcy...

Tags: Chapter 7, Chapter 7 bankruptcy, filing for Chapter 7, overwhelming debt

Credit card debt and the holidays

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, January 2, 2014.

Americans love their credit cards. It seems like everyone has at least one or two credit cards. You may even know someone with five or 10 credit cards to their name. If you add up all of the credit card debt across the country, including debt from Georgia, however, you would have nearly $800 billion. The only other type of debt with a higher number is student loans. In addition, credit cards are commonly used for the ever-increasing online holiday gift purchases.

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Tags: Bankruptcy, credit card debt, credit cards, creditors, filing for bankruptcy

Big bank hit with allegations of bad credit card debt practices

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, December 26, 2013.

Credit cards are a normal part of life for many people across the country, including those in Georgia. Some use them to pay bills, others use them to build credit, while others simply enjoy earning points that can be used to purchase vacations and other goods. Having access to a credit card is beneficial to people in a number of ways.

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Tags: Bankruptcy, credit card debt, credit cards, financial challenges

Don't let wage garnishment make a Scrooge out of you

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Thursday, December 19, 2013.

The holidays are upon us. For many in Georgia, lights and music fill the air with magic and promise. But for some people, holiday traditions bring suffocating feelings of stress and anxiety. The bills are stacking up, and so are the added holiday expenses. Your paycheck just doesn't seem to add up.

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Tags: employer, paycheck, stop wage garnishment, wage garnishment

Scams abound in foreclosure market

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, December 12, 2013.

Americans have been hammered with news about the foreclosure crisis in the United States. It seems like every day there is another news report or newspaper article about mortgages in trouble and the number of bankruptcies cropping up across the country. It may have happened to your neighbor or a co-worker. In fact, you may be facing these issues yourself. Georgia is among the states hardest hit by this crisis. When your income gets tight and the financial challenges continue to mount, what do you do?

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Tags: financial challenges, foreclosure, foreclosure fraud, homeowner, income