Atlanta Bankruptcy Law Blog

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

Holiday generosity can result in massive credit card debt

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Sunday, December 1, 2013.

It probably comes as no surprise to Georgia readers that December is the peak time for American consumers to use credit cards. According to reports, Americans will be charging approximately $131 billion during the month of December. That's 16.4 percent above the average. While all those holiday deals seem too good to resist, they can lead to massive credit card debt.

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

Can closing accounts help with credit card debt?

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, November 28, 2013.

Once a Georgia consumer has become overwhelmed with debt, many feel pressured to take action to remedy the situation. Some will attempt to implement a debt relief plan, in the hopes that strict adherence to a program will lead to the reduction of credit card debt and other outstanding financial obligations. Often, closing certain credit card accounts is a part of that plan.

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Tags: Bankruptcy, credit card debt, interest

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