Atlanta Bankruptcy Law Blog

Debunking common bankruptcy myths, part one

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, June 29, 2012.

Although bankruptcy has grown increasingly common in Georgia and across the country, it is still largely misunderstood as a frightening, life-changing, shameful process. Of course, bankruptcy can be intimidating, and it will probably change your life in some way. Shameful, however, it is not: bankruptcy is often the product of a major life event that results in unmanageable debt, and very rarely do filers not make every possible effort to pay that debt before filing for Chapter 7 or Chapter 13.

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Tags: Chapter 13, Chapter 7, bankruptcy, credit report, credit score

Common habits that can hurt your credit score, part two

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, July 20, 2012.

Earlier this week, we began a discussion of the ways that Atlanta readers can unknowingly damage their credit scores, including failing to pay library late fees and parking tickets, and not filling out a change of address form when you move. Today, we will discuss three additional common habits that can harm your credit score and potentially result in long-term financial issues.

Continue reading Common habits that can hurt your credit score, part two...

Tags: credit card debt, credit report, credit score

Common habits that can hurt your credit score, part one

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, July 18, 2012.

Most of our Atlanta blog readers know how to protect and keep their credit scores high: pay credit card and loan bills on time, don't take out a lot of unnecessary credit and basically just act responsibly in all matters that are money-related.

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Tags: bankruptcy, credit report, credit score, debt collector

What makes medical bills different from other debt?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, July 6, 2012.

Last month, we discussed the effects on medical debt on the finances of people in Georgia and throughout the country. Specifically, we detailed various studies and surveys in that earlier bankruptcy blog post, reporting that more than 40 percent of working-age Americans, or 72 million people, have significant medical debt.

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Tags: credit report, credit score, debt collector, medical bills, medical debt

Tips for repairing credit after a bankruptcy

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, April 14, 2011.

Bankruptcy has become a reality for a large number of Georgia residents, largely due to high unemployment rates, falling home values, and consumers who are spending more than they can afford in their new financial reality. Although bankruptcy can damage a filer's credit score, financial experts say that even those who experience extreme fiscal challenges can rebuild their score over time.

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Tags: bankruptcy, credit card debt, credit report, credit score, debt