Atlanta Bankruptcy Law Blog

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.

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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.

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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.

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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.

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Tags: credit cards

Is that harassing creditor violating debt collection laws?

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, March 27, 2014.

Many people in Georgia have likely experienced a less-than-friendly debt collector. Whether you are overwhelmed with credit card debt or stuck with an extremely expensive medical bill because of an injury or illness, debt collectors can be ruthless in their attempts to collect unpaid debts. As a consumer, however, it is important to understand when a debt collector has crossed the line by violating the law.

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Tags: credit cards

Is bankruptcy the best option for soon-to-be retirees?

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, March 20, 2014.

Let's say you are a few years away from retiring, but you are deep in debt. You have a mortgage -- and maybe a second mortgage -- car loans, and other debts that you just can't keep up with. What's your best move?

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Tags: debt relief

With federal dollars to spend, Georgia looks to help homeowners

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, March 13, 2014.

Even though the worst of the recession hit a few years ago, thousands of homes in Georgia continue to face foreclosure. As we discussed in a post last month, a quarter of homeowners in Atlanta have more in mortgage debt than their homes are worth. What some people in this situation may not realize, however, is that there are ways to get help and possibly save their homes.

Continue reading With federal dollars to spend, Georgia looks to help homeowners...

Tags: Bankruptcy, foreclosure, homeowner, mortgage payments

Medical bankruptcies continue to plague Americans

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, March 5, 2014.

Here in Atlanta, we are all well-aware of the exorbitant costs of health care. A visit to the doctor for a minor ailment can result in a bill for hundreds of dollars -- even for those who have insurance. A major injury or illness can set a person back tens of thousands of dollars, making it impossible to make ends meet.

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Tags: Chapter 7, overwhelming debt

Credit card debt outweighs savings for many Americans

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Friday, February 28, 2014.

We all know the importance of saving money. Having a savings account can help ensure that you are protected and prepared if something unexpected should happen later in life. Divorce, medical bills and other unexpected payments can cause a person to dip into their savings account. However, saving money, as some New Yorkers know, is not always as easy as it sounds.

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Tags: Bankruptcy, credit card debt, credit cards

Atlanta foreclosure rates are down but not out

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, February 20, 2014.

There are few things more frightening than losing your home. Going from sleeping in your bed to sleeping in a hotel room or on a friend’s couch is more than a financial burden; it’s an emotional burden. Regardless of the reason, when you find yourself unable to handle your mortgage payments, you may end up facing foreclosure proceedings. And while foreclosure rates in Georgia are falling, the dangers may still be real.

Continue reading Atlanta foreclosure rates are down but not out...

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