Atlanta Bankruptcy Law Blog

Upcoming holidays may mean late payments for credit card holders

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, November 21, 2013.

It is tradition, it seems, to spend a lot during the holidays. Many Georgia residents rack up huge grocery bills for Thanksgiving dinner and shell out boatloads of cash for the perfect gifts for friends and family members. While purchasing the best ingredients and over-the-top gifts may feel good at the time, it often leads to credit card debt.

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Tags: Bankruptcy, credit card debt, credit cards

National credit card debt levels continue to fall

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, November 21, 2013.

The recession that began in 2008 impacted families throughout the country in many ways. However, one legacy of the economic downturn that is really starting to take hold appears to be a change in consumers’ spending habits. According to the Federal Reserve, nationwide credit card debt fell for the fourth straight month.

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Tags: Bankruptcy, credit card debt, credit cards, interest

Why fewer bankruptcy filings might mean continued debt problems

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, November 21, 2013.

There are high points in an economy and low points. That is just a lesson in history that applies to the present and future. Families have had to ride the wave of ups and downs for generations, and families are riding that wave today, for better or worse.

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Tags: Chapter 7

Are doctors pushing credit cards in Atlanta medical offices?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Tuesday, October 29, 2013.

Many Atlanta residents struggle with large out-of-pocket medical and dental expenses for care that is not covered by insurance. In some cases, it is simply impossible for patients to pay their medical bills, and as a result some doctors and dentists have begun offering financing in their offices.

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Tags: debt relief

Will you be obligated to pay your fiancé's debt after marriage?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, October 25, 2013.

When people decide to get married in Atlanta, it can be important for them to talk to their future spouses about finances before heading down the aisle. It has been said that going into a marriage with open eyes about each other's financial priorities, goals and histories can help the relationship last.

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Tags: Chapter 7

Filing bankruptcy is nothing to be ashamed about

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, October 23, 2013.

Bankruptcy rates have surged in recent years, as the recession pushed many Americans into dire financial straits. About 32 percent more Americans filed bankruptcy in 2008 than in 2007, and the number of filings generally continued to climb until this year.

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Tags: debt relief, fresh financial start, struggling with debt

Bank of America will pay for trying to collect discharged debts

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, October 18, 2013.

Many people in Atlanta benefit from filing Chapter 7 bankruptcy in order to obtain a fresh financial start and rid themselves of creditor harassment once and for all. Filing bankruptcy can grind creditor harassment to a halt, as well as allow people to discharge debts or reorganize them into more affordable plans.

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Tags: Chapter 7, Chapter 7 bankruptcy, fresh financial start

Many Georgia residents struggle with student loan payments

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, October 16, 2013.

If you are among the Georgia residents who are cash-strapped due to high monthly student loan payments, you are not alone. Student loan debt accounts for more consumer debt in this country than any other type of debt other than mortgages.

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Tags: Chapter 7, Chapter 7 bankruptcy

How is the government shutdown affecting workers in Atlanta?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, October 10, 2013.

People from all over the country have been reading about the current government shutdown. No matter what a person's political stance is on the situation, the fact is that the partial shutdown is taking a profound toll on people in Atlanta and elsewhere who are currently unable to work.

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

Atlanta residents, beware of deceptive debt collection tactics

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Friday, October 4, 2013.

When Georgia residents are being harassed in any way by debt collectors, it is time to seek legal counsel from a reputable attorney. Many of the tactics that debt collectors use to try to collect debts are illegal. Debt collectors do not have the right to call people repeatedly, to use threatening or abusive language, or to lie about how much a person owes.

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Tags: collection, debtor

Belle Foods receives 'stalking horse' bid of $16.3 million

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, September 27, 2013.

Although bankruptcy auctions are more commonly associated with Chapter 7 bankruptcy, they may be utilized in a Chapter 11 filing as well. This was the case for Belle Foods, a southern grocery store chain.

Continue reading Belle Foods receives 'stalking horse' bid of $16.3 million...

Tags: Chapter 7, Chapter 7 bankruptcy, liquidation

Owner of shady debt collection agency in Atlanta area is arrested

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Wednesday, September 25, 2013.

Atlanta residents who struggle with debt may be surprised to learn that federal law actually bans debt collectors from threatening and harassing debtors. Many debtors in Georgia have been subjected to creditor harassment and other illegal debt collection tactics, without knowing that they are protected from such treatment by law. When a person begins to face wage garnishment, liens or aggressive communications from debt collectors, it can be critical to contact a debt relief and bankruptcy attorney in order to protect one's rights.

Continue reading Owner of shady debt collection agency in Atlanta area is arrested...

Tags: collection, debtor, lien, wage garnishment