Atlanta Bankruptcy Law Blog

Does bankruptcy protect valuable assets like my home?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Saturday, August 16, 2014.

One of the most common concerns anyone considering filing for bankruptcy may have is whether they will have to give up their home or other valued property. It would be great to be able to say that the answer is a flat out, no. But it really depends on all the circumstances of your particular case.

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Tags: Chapter 7

Student loan relief can be found, but not from 'debt demons'

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Thursday, July 31, 2014.

What led Woodward and Bernstein to discover the secrets of the Watergate Scandal was the Deep Throat admonishment to "Follow the money." Today, one of the most scandalous activities the country is witnessing may be the proliferation of student loan settlement companies. And if you want to know why that is, all you have to do is remember Deep Throat's advice.

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Tags: Chapter 13

Trustee seeks recovery from casinos in Atlanta bankruptcy case

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, July 18, 2014.

The ins and outs of filing for bankruptcy are complicated. There is no form 1040EZ to fill out as there is for taxes. The nuances are many and it can be easy for someone unfamiliar with them to overlook legitimate opportunities that might exist.

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Tags: Chapter 7, Chapter 7 bankruptcy

Middle-class Americans: the key to America's economic woes

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, July 11, 2014.

The financial struggles that occurred prior to and in the wake of the 2008 Great Recession are still fresh in the minds of many Americans. This is particularly true among middle-class Americans who suffered tremendous financial losses as housing values plummeted and widespread layoffs occurred. In the six to seven years since the global financial crisis, the American economy has continued to slowly rebound and grow. Some financial experts warn, however, that, based upon our nation's current economic model, sustained growth isn't possible.

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Tags: Chapter 7

SunTrust Banks settles its foreclosure debacle in Georgia

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, July 4, 2014.

The housing crisis may be over, but the federal government and the state of Georgia are still working to clean up the mess. SunTrust Banks, which is based in Atlanta, is the latest in a line of financial institutions to settle with government entities regarding deficient mortgage and foreclosure practices. The nearly $1 billion settlement could provide some relief for homeowners in the state.

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Tags: Bankruptcy, filing for bankruptcy, foreclosure, homeowner, mortgage payments

Dependence on a house of credit cards may be debt trouble

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Tuesday, June 24, 2014.

Atlanta-born comedian Jeff Foxworthy has made a successful career pointing out signs that someone might be a redneck. Did you know that there are also signs that you might be headed into financial trouble that requires debt relief through bankruptcy or some other means?

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Tags: Bankruptcy, credit cards, minimum payments

Supreme Court rules some IRAs not protected in bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, June 19, 2014.

Back in April, we posted about a legal challenge that had made its way to the U.S. Supreme Court. It involved a question over whether funds in certain inherited individual retirement accounts are provided protection from creditors during bankruptcy proceedings. The answer is now in.

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Tags: Chapter 7, Chapter 7 bankruptcy

Think twice before ignoring unpaid debts

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Friday, June 13, 2014.

When your debt begins to feel overwhelming, it can be tempting to stop opening your bills. After all, the stress of opening your credit card bills, medical bills and auto loan statements can be extremely taxing. And you may find yourself asking, “What is the point of opening this bill if I can’t pay it?” These feelings are understandable. However, you are likely to do your financial future more harm by ignoring your unpaid credit card debt and other bills than if you choose to remain engaged.

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Tags: Bankruptcy, credit card debt, filing for bankruptcy

Study suggests heavy credit card burdens not due to bad choices

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Friday, June 6, 2014.

It is not uncommon to think that if a person has a mountain of credit card debt that they must be profligate spenders. There have been a lot of studies to suggest that it is not the case. The latest of these from the public policy group Demos. And still, the stereotype tends to persist.

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Tags: Bankruptcy, credit card debt, unemployment

Payday and car title loans can create overwhelming debt

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, May 29, 2014.

As the economy continues to struggle, many Georgians find themselves struggling with debt. Whether from an unexpected medical condition, decreased wages, unemployment, or high debt burden, individuals may find it difficult to make their minimum payments on time. This overwhelming debt may force individuals to look elsewhere for funds, which could cause them more financial troubles.

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Tags: Chapter 7, debt relief, fresh financial start, overwhelming debt, struggling with debt

When collectors hound over dealt-with debt, what to do?

On behalf of Gingold & Gingold LLC posted in Wage Garnishment on Thursday, May 22, 2014.

Do you believe in ghosts? Everyone knows they don't exist, but there can be circumstances in which things that we thought were long gone can come back to haunt us. Zombie mortgages in the wake of the most recent recession serve as one clear example of this phenomenon.

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Tags: bank account

Housing market optimism may be rising, but is it in Atlanta?

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, May 13, 2014.

The word "foreclosure" isn't being used as much these days as it used to. The economy has started to climb out of the basement. And as it has, the housing market has been recovering, too.

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Tags: Foreclosure