Atlanta Bankruptcy Law Blog

What happens to my child support payments if I file bankruptcy?

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Wednesday, May 20, 2015.

Getting divorced has financial implications on everyone involved, particularly for parents. One or two incomes may have supported a single household when a couple is married, but that same amount of money may not support two separate households as easily. Further, one parent can be ordered to make child support payments which can prove to be completely overwhelming.

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Tags: Wage Garnishment

Debt can be tackled by repaying it through Chapter 13

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Thursday, May 14, 2015.

Too many people have misconceptions about bankruptcy. They think that a person who files for bankruptcy is irresponsible and just wants a quick and easy way to get out of paying their debts. However, bankruptcy is something that all kinds of adults have to consider thanks in large part to factors like the recent recession, increasing medical expenses and soaring student loans.

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Tags: Chapter 13

Homeowners: once bitten, twice shy?

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, May 6, 2015.

Losing a home in foreclosure can be an extremely upsetting experience for any homeowner in Atlanta. Unfortunately, it is an experience that far too many people have had in the past decade thanks to the volatile housing market and troubling loan practices. Because of these factors, millions of people went through foreclosure in the past 10 years.

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Tags: Foreclosure

How an attorney can help if you are dealing with debt

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, May 1, 2015.

If you are under extreme financial pressure and facing unmanageable debt, the last thing you probably want to do is spend more money, and dealing with the relentless calls and letters from creditors can just make you want to hide or try to ignore the issue. It can also be very challenging and even embarrassing to discuss your poor economic status with someone else.

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Tags: Chapter 7

Getting divorced doesn't mean you can break up with your debt

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, April 24, 2015.

The process of getting divorced can be extremely stressful and emotional. People can be dealing with feelings of betrayal, anger, guilt, sadness and fear for what the future will look like. Add to all this the stress of dealing with financial problems, and it can all prove to be quite overwhelming.

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Tags: Chapter 7

Study highlights challenges of debt and young age

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Saturday, April 18, 2015.

It is easy to be jealous of the fame and talent of professional football players; their potential fortunes are also something to envy. People often assume that all that money comes with a happy life free from financial woes. However, these athletes face the same money problems that people all across Georgia deal with every day.

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Tags: bankruptcy, debt relief, personal debt

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