Atlanta Bankruptcy Law Blog

Is the manufacturing job market improving in Georgia?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, July 24, 2013.

A recent report suggests Georgia's manufacturing industry is on the mend. According to the 2014 Georgia Manufacturers Register, Georgia has experienced 1.6 percent growth in manufacturing jobs from May 2012 to May 2013. This is more than double the growth during the same period from 2011 to 2012, as well as ahead of the national average.

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Tags: Chapter 13, Chapter 13 bankruptcy, debt relief, stop creditor harassment

Beware of debt relief scams

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, July 19, 2013.

When Atlanta area residents are in need of debt relief, it is critical that they seek guidance only from qualified, reputable legal professionals. Unfortunately, there are a number of individuals and companies out there that promise debt relief services and end up swindling people.

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Tags: bankruptcy, debt relief, law firm

Wrongful foreclosure lawsuit hits JPMorgan Chase

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, July 17, 2013.

The foreclosure crisis has claimed the homes of many Atlanta area residents in recent years. While the housing bubble and its subsequent burst are very complicated matters, we now know that systematic wrongdoing on the part of banks was a factor in the crisis. Improper foreclosures have, unfortunately, likely impacted many families here in Georgia.

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Tags: Bankruptcy, foreclosure, homeowner, mortgage payments

Atlanta college proposes $20M plan to bankruptcy court

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Sunday, July 14, 2013.

A newly-announced $20 million plan could help Atlanta's Morris Brown College reorganize and stay in operation. The college filed for bankruptcy a month ago and recently submitted the plan to bankruptcy court. School officials say they think the plan could help the college settle some of its debts while still keeping most of the campus in one piece.

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Tags: Chapter 13

Bennigan's CEO has a post-bankruptcy plan for success

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, July 12, 2013.

When small business owners here in Atlanta begin drowning in debt, a number of them feel like they have no options other than putting up a "Going out of Business" sign and calling it a day. However, in many cases business do have a number of opportunities that can help resolve debt problems and keep doors open. In some cases, bankruptcy allows business owners to do this.

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Tags: Chapter 7, Chapter 7 bankruptcy, debt relief, struggling with debt

Toni Braxton finally settles bankruptcy case

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, July 10, 2013.

Toni Braxton fans here in Atlanta may have heard that the Grammy-award winning musician recently settled her second bankruptcy case. Her first bankruptcy occurred in 1998.

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

Student loan interest rates to double

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, July 3, 2013.

If you are an Atlanta resident who has attended college in recent decades, the chances are that you financed it with student loans. Student loan borrowing has become the primary method of financing higher education in the U.S. With tuition the way it is, it seems as though only the very wealthy can manage to pay for college out-of-pocket.

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Tags: Chapter 13, debt relief

Atlanta stands among cities with the most abandoned homes

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, June 28, 2013.

Although the housing market may be improving, many families here in Atlanta are still struggling and this is evidenced by the number of foreclosed and vacant homes in the area. A recent news report published by USA Today states that one in five homes nationwide that are in the foreclosure process have been abandoned by homeowners. Atlanta is among the cities with the most vacant homes.

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Tags: Bankruptcy, foreclosure, homeowner, stop foreclosure

Study: Medical debt is the number one cause of bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, June 26, 2013.

Many Atlanta families who were once financially secure may have experienced an ovewhelming debt load caused by a sudden medical expense. These families are not alone. A recent study has found that the biggest cause of personal bankruptcy filings in the U.S. is now medical debt. In fact, this year alone medical bills were expected to cause about 1.7 million American families to file for bankruptcy protection.

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Tags: Chapter 7, Chapter 7 bankruptcy

How does bankruptcy impact retirement savings?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, June 21, 2013.

For older Atlanta residents who are struggling to pay all of their bills and stay current on debt, one of the main concerns they have when considering bankruptcy is their retirement savings. Particularly for those who are already retired and living on a fixed income, filing for bankruptcy to restructure debt can be a scary proposition if it means risking the loss of those important savings that you need to stay afloat.

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Tags: Chapter 7

Will fewer credit cards lower risk of bankruptcy for young people?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, June 19, 2013.

Recently released data shows that younger people are being more mindful of their money and more wary of consumer debt. At the end of 2012, 16 percent of people aged 18 to 29 did not have a credit card in their wallet. A survey in 2007 showed that only eight percent of people in this age range did not have at least one credit card, indicating a reluctance towards consumer debt for the younger generation.

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Tags: Chapter 13 bankruptcy, Chapter 13, credit card debt

In tax debt bankruptcy case, parties dispute company ownership

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, June 14, 2013.

In a previous post we discussed Grammy Award-winning singer Dionne Warwick's financial troubles and the fact that she recently filed for bankruptcy because of a mounting tax debt. As we noted earlier, it can be difficult or impossible to discharge tax debt during bankruptcy except in very special circumstances.

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Tags: Chapter 7, Chapter 7 bankruptcy