Atlanta Bankruptcy Law Blog

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.

Continue reading Supreme Court rules some IRAs not protected in bankruptcy...

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.

Continue reading Study suggests heavy credit card burdens not due to bad choices...

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.

Continue reading Payday and car title loans can create overwhelming debt...

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.

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

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.

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

Tags: Foreclosure

Student loan lenders have long reach, even beyond bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Friday, May 9, 2014.

When it comes to bankruptcy and its ability to provide a person a path to financial security, the issue of student loans tends to stand apart. Unlike other unsecured debt, student loans aren't typically discharged through a Chapter 7 bankruptcy.

Continue reading Student loan lenders have long reach, even beyond bankruptcy...

Tags: Chapter 13, Chapter 13 bankruptcy

If patients can't pay bill, hospitals change collection methods

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, May 1, 2014.

Here in Georgia, we all know how expensive it is to get any kind of medical care that is not a routine preventative visit. Break an arm, need stitches for a cut, or simply visit the doctor because you aren't feeling well and you could be faced with hundreds to thousands of dollars in bills depending on your insurance coverage.

Continue reading If patients can't pay bill, hospitals change collection methods...

Tags: Chapter 7

Report shows debt collection complaints common in military

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

There are many people in Georgia who bravely serve the United States in the military. Some have put their lives on the line to defend our country, and others have volunteered to put themselves through stressful situations for the betterment of the service. Although these individuals deserve to be upheld for their contributions to our country, some people have no problem trying to take advantage of them.

Continue reading Report shows debt collection complaints common in military...

Tags: creditors

'Serial filer' loses home after 18th bankruptcy petition

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

When threatened with the loss of a home, many Atlanta residents would do anything to save it. For many people, a home is more than a house. Lives unfold inside the places we call home. Many people start a family, watch their children take their first steps, and create millions of other memories in a home. The idea of losing a place so sacred can be devastating.

Continue reading 'Serial filer' loses home after 18th bankruptcy petition...

Tags: Chapter 7

Are inherited retirement accounts protected in bankruptcy?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Monday, April 7, 2014.

When a person in Atlanta files for personal bankruptcy, his or her retirement accounts are protected from being used to pay off debts in most cases. This rule was established to ensure that people who go through bankruptcy are not left worse off than before they filed.

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Tags: Chapter 7, Chapter 7 bankruptcy

Will closing a credt card hurt your credit score?

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Wednesday, April 2, 2014.

Many people in Atlanta have probably experienced some sort of frustration with credit cards. Maybe you ended up over your head in debt after a job loss or medical procedure. Others may simply feel that they have become too reliant on a credit card or two. In either of these situations -- and many others -- people often consider closing a credit card. There are some situations, however, in which closing a credit card may do more harm than good.

Continue reading Will closing a credt card hurt your credit score?...

Tags: credit cards