Atlanta Bankruptcy Law Blog

Student Loan Debt Surpasses Credit Card Debt

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, April 16, 2015.

Education has always been sold as a key toward upward economic mobility. As more and more people followed that advice and pursued higher education, the number of people carrying heavy student loan burdens has increased to the point where the total value of student loans is now greater than the value of credit card debt.

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Tags: Credit Card Debt

Being hounded by creditors? Know some basics of the FDCPA

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Wednesday, April 15, 2015.

If you are dealing with debt, there is a very good chance that you are being called and sent letters from creditors demanding payment. These communications don't necessarily happen as soon as you have missed a payment or two, but it can soon seem like every call or letter you receive is from a collections agency.

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Tags: Credit Card Debt

What is credit counseling, and do I need it?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, April 8, 2015.

Filing for bankruptcy protection is not necessarily as simple as filling out a few forms and submitting them to the courts. In fact, there are several steps a person needs to complete before he or she even files bankruptcy-related paperwork.

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Tags: Chapter 13

Can I Refinance My Home After Chapter 13 Bankruptcy?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Saturday, April 4, 2015.

In the past several years, many people have been able to take advantage of low interest rates on home loans to help reduce their monthly financial obligations. People who have previously filed for bankruptcy protection under Chapter 13 may be wondering if there is any way they can improve their financial situation further by refinancing their homes.

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Tags: Chapter 13

Homeowners staying in their home even after missed payments

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, April 3, 2015.

If you have fallen behind in your mortgage payments or have received a notice of foreclosure, you could be extremely concerned about whether -- and when -- you'll have to move. In some cases, homeowners or renters will just move out, assuming they have no other option or as a way to just move forward.

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Tags: Foreclosure

Dealing with credit card debt now can prevent future stress

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Friday, March 27, 2015.

If you ask just about anyone around you if they have a credit card, the answer will almost certainly be yes. People carry credit cards for emergencies, large purchases, secured transactions or because they are simply used to buying something on credit and paying for it later.

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Tags: Credit Card Debt

Are there limits to how much of my wages can be garnished?

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Friday, March 20, 2015.

If you owe money to creditors, one option they have to get that debt repaid is through a process called wage garnishment. Creditors may pursue this option if you have not responded to other types of request for payment, though they will still need a court order to intercept money paid by your employer.

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Tags: Wage Garnishment

Understanding both sides of filing Chapter 7 bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, March 13, 2015.

Filing for bankruptcy protection can provide consumers in Atlanta with an enormous sense of relief. It can wipe out debt, make it easier to pay bills and put a stop to the harassing and distressing stream of calls from debt collection agencies.

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Tags: Chapter 7

Is Chapter 13 right for you?

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Thursday, March 5, 2015.

If you have reached a financial crossroads and are earning an income but unable to get out from under mounting debt, then you may be considering your options for filing for bankruptcy protection. If you are in this situation, the first thing you need to know is that you are not alone. Millions of people across the U.S. seek out debt relief in the form of bankruptcy.

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Tags: Chapter 13

What options are available for people with underwater mortgages?

On behalf of Gingold & Gingold LLC posted in Foreclosure on Saturday, February 28, 2015.

A home is an extremely important asset to people all across Atlanta. For most homeowners, a house is the single most expensive thing they own and it can be a source of great pride and comfort.

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Tags: Foreclosure

When sources of debt are numerous, consider bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, February 20, 2015.

If you are buried under unmanageable debts, you may undoubtedly be stressed and scared about the future. Looking at the total amount of money you owe can be extraordinarily overwhelming and knowing where you should begin to deal with that debt can seem impossible.

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Tags: Chapter 7

Know your options if you are being harassed by creditors

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, February 12, 2015.

Being in debt is stressful enough for any person struggling financially in Atlanta; being harassed and abused by creditors can make the situation even worse.

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Tags: Credit Card Debt