Atlanta Bankruptcy Law Blog

Is bankruptcy the best option for soon-to-be retirees?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, March 20, 2014.

Let's say you are a few years away from retiring, but you are deep in debt. You have a mortgage -- and maybe a second mortgage -- car loans, and other debts that you just can't keep up with. What's your best move?

Continue reading Is bankruptcy the best option for soon-to-be retirees?...

Tags: debt relief

With federal dollars to spend, Georgia looks to help homeowners

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, March 13, 2014.

Even though the worst of the recession hit a few years ago, thousands of homes in Georgia continue to face foreclosure. As we discussed in a post last month, a quarter of homeowners in Atlanta have more in mortgage debt than their homes are worth. What some people in this situation may not realize, however, is that there are ways to get help and possibly save their homes.

Continue reading With federal dollars to spend, Georgia looks to help homeowners...

Tags: Bankruptcy, foreclosure, homeowner, mortgage payments

Medical bankruptcies continue to plague Americans

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, March 5, 2014.

Here in Atlanta, we are all well-aware of the exorbitant costs of health care. A visit to the doctor for a minor ailment can result in a bill for hundreds of dollars -- even for those who have insurance. A major injury or illness can set a person back tens of thousands of dollars, making it impossible to make ends meet.

Continue reading Medical bankruptcies continue to plague Americans...

Tags: Chapter 7, overwhelming debt

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.

Continue reading Credit card debt outweighs savings for many Americans...

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.

Continue reading Atlanta foreclosure rates are down but not out...

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.

Continue reading Nonprofit lists 130 creditors in Chapter 7 bankruptcy claim...

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.

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

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.

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

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.

Continue reading Chapter 13 bankruptcies continue to be common in the South...

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.

Continue reading Credit card debt and the holidays...

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