Atlanta Bankruptcy Law Blog

Atlanta singer accused of bankruptcy fraud

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Saturday, November 3, 2012.

Over the past two years, Atlanta singer Toni Braxton has dealt with significant financial issues, going deep into debt and filing for personal bankruptcy. It appeared that her money troubles were over last year when her debts were discharged through the Chapter 7 bankruptcy process. You can read more about that in our earlier bankruptcy blog post.

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Tags: Chapter 7, Toni Braxton, assets, bankruptcy, bankruptcy fraud

Atlanta home prices rise for fifth straight monthAtlanta home prices rise for fifth straight month

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, October 30, 2012.

In August, according to a new federal report, home prices in the Atlanta metro area rose for the fifth straight month. Unfortunately, this positive development was tampered with the less-promising news that, despite the increases, the Atlanta real estate market continues to be one of the worst in the country.

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Personal finance author files for Chapter 7 bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Saturday, October 27, 2012.

The author of personal finance books "Rich Dad, Poor Dad" and nearly a dozen other financial guides has filed for Chapter 7 bankruptcy for one of his companies. The bankruptcy filing was reportedly motivated by a nearly $24 million legal judgment that was won against the company earlier this year.

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Tags: Chapter 7, bankruptcy, lawsuit

Olympic wrestler's bankruptcy auction is postponed

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, October 24, 2012.

This summer, many Atlanta residents watched the London Olympic Games, cheering on their favorite athletes and sharing in their joy or sorrow, depending on the outcome of their event. But while thousands of athletes were competing for the coveted gold medal in London, another was at home simply trying to protect his.

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Tags: auction, bankruptcy, debt, repossessions

Divorcing with debt: is bankruptcy the only option?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, October 19, 2012.

If you are already dealing with a significant debt load, you are probably well aware that it will only take some small issue or occurrence - a car accident or unexpected illness, for example - to push you over the edge into unmanageable debt. So what if the thing you are facing is a major life event that not only comes with its own emotional toll, but also has the potential to significantly worsen your financial situation?

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Tags: bankruptcy, debt, divorce, unsecured debt

Michael Vick makes progress on bankruptcy repayment plan

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Monday, October 15, 2012.

When pro football player Michael Vick was released from prison in 2008 after serving his sentence for dog fighting, he was facing significant debt from multiple creditors, including his former team, the Atlanta Falcons.

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Tags: Atlanta, Chapter 13, bankruptcy, debt

Unemployment rate falls as more Georgians go back to work

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Saturday, October 13, 2012.

According to a new report from the federal Department of Labor, the U.S. unemployment rate fell last month to a nearly four-year low, with nearly all industries reporting significant job gains. Specifically, the jobless rate dropped to 7.8 percent in September, the lowest number since January 2009.

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Tags: bankruptcy, job growth, underemployment, unemployment, unemployment rate

How soon after a bankruptcy filing can you buy a house?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, October 11, 2012.

If you are dealing with significant debt and contemplating bankruptcy, you may be put off by the potential damage that a personal bankruptcy filing could do to your credit score. The common belief among debtors in Atlanta and throughout the country is that a Chapter 7 or Chapter 13 bankruptcy causes significant and lasting damage to your credit rating, to the point that you will be unable to buy a home or take out a loan for up to a decade.

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Tags: Chapter 13, Chapter 7, bankruptcy, credit score, homeowner

1 in 5 Georgia households have student debt, study says

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, October 5, 2012.

According to a new study from the Pew Research Center, nearly one out of every five U.S. households had student debt in 2010. This amounts to more than 22 million households in Georgia and across the country, and that number has probably increased in the two years since that data was accumulated.

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Tags: debt, student loan debt, student loans

Does long-term unemployment make it harder to get a job?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, October 3, 2012.

The answer to that question is yes, according to a new unemployment study. People who are unemployed for extended periods of time are more likely to experience difficulty in finding a new job.

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Tags: bankruptcy, debt, unemployment, unemployment rate

Average medical school graduate has $183k in student loan debt

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, September 28, 2012.

In a recent survey of medical students in Georgia and across the U.S., the respondents listed the cost of medical education and their resulting student loan debt as the biggest challenge for med students. With an average student debt load of nearly $200,000, this finding is not terribly surprising. That doesn't mean that it is any less taxing on med school graduates, however.

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Tags: bankruptcy, debt, student loan debt, student loan repayment, student loans

Atlanta man pleads guilty to foreclosure scheme

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, September 26, 2012.

An Atlanta man may be facing jail time after pleading guilty to racketeering charges in connection with an alleged foreclosure scheme. The man told the court that he was influenced by a group of sovereign citizens, who believe that they each make up their own individual sovereign nationality and are therefore immune to local, state and federal laws.

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Tags: Georgia, foreclosure, foreclosure fraud