Atlanta Bankruptcy Law Blog

Avoid Holiday Debt

The holiday shopping season is underway, and come Black Friday, “can’t miss deals” will be everywhere. Whether you have a large family or a small one, a large bank account or a modest one, avoiding holiday debt is a challenge for most Americans.

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Bankruptcy Alternatives

If you are in a financial situation to where you are considering filing for bankruptcy, it is essential that you explore all of your other options first. While bankruptcy is an appropriate choice for some, it should always be the last resort. There are alternatives to bankruptcy that are highly successful for many people, and knowing what these alternatives are allow you to make the best decision for your financial future.

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Overwhelmed by Debt

It is estimated that 8 out of 10 Americans are in debt. That is 80% of all Americans who are in debt, and most of them are carrying debt into retirement. Debt is a huge burden to many people, and the circumstances that have gotten them into financial trouble vary from medical bills to credit cards to student loans to bad investments to reduced income to divorce.

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Women Burdened by Medical Debt

Medical bills are often a huge source of financial burden to millions of Americans each year. With medical charges at an alarming rates, insurance coverage at an alarming low, and high deductibles – many people find that they have unwittingly incurred a huge debt that they cannot pay. Evidence shows that women are more likely to be crippled by medical debt than men.

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Job Loss and Bankruptcy

Most people never imagine that they will ever face bankruptcy, yet unexpected job loss can bring this unfortunate circumstance front and center. Understanding how to handle bankruptcy after job loss can benefit you for years to come.

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Tags: Atlanta GA

Defaulting on Student Loans

For years, student loans have been a sort of rite of passage for college age students. In order to afford a college degree, the government has allowed college students to use student loans to pay for multiple years of college education. While this is seemingly helpful for young adults who do not have the means to pay for college education, it does put them in a precarious situation upon graduating from college – or not graduating.

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Managing Medical Debt

Debt from medical bills is a huge financial struggle for many people in Georgia. Medical emergencies, hospital stays, and surgeries can easily cause people to rack up thousands of dollars in credit card debt, use up retirement savings, and even lose their homes or have to file for bankruptcy when they are unprepared to do so.

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Cash vs. Credit

When it comes to consumers’ spending, credit is king these days. With online spending a normalcy of life and the ease at which credit cards can be swiped, credit card spending has been on the rise for the past two decades. However, debt has also been on the rise in the past two decades – and there is a direct link between the two.

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Should You Consider Bankruptcy?

Debt is an issue that most Americans face each year. While some have manageable debt that they are able to budget payments for and pay off in a decent amount of time, others have insurmountable debt that they see no way out of. It is important that you understand how bankruptcy affects you, your credit, and your future. If you are in debt up to your eyeballs and see know way out, it is time for you to ask yourself if you should consider bankruptcy.

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Joint Credit

After you get married, you will share a bed, a bathroom, the TV remote, family holidays – but what about credit? Many young couples assume that when they get married they will have a merged credit report.

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Rebuild Your Credit in 2016

If you are like many people, 2015 was a year of over spending, acquiring too much debt, and filing for bankruptcy.

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Don’t Let the Holidays Cause Even More Debt!

Christmas can be a stressful time for many people that are already in debt. Don't get carried away with all the shiny new toys out there.

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