Atlanta Bankruptcy Law Blog

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

Credit card debt and the holidays

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

Americans love their credit cards. It seems like everyone has at least one or two credit cards. You may even know someone with five or 10 credit cards to their name. If you add up all of the credit card debt across the country, including debt from Georgia, however, you would have nearly $800 billion. The only other type of debt with a higher number is student loans. In addition, credit cards are commonly used for the ever-increasing online holiday gift purchases.

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Tags: Bankruptcy, credit card debt, credit cards, creditors, filing for bankruptcy

Debt collectors using Facebook to harass borrowers

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, February 12, 2013.

Atlanta readers may not be surprised to see that aggressive debt collectors have found a new way to pursue overdue borrowers, now intruding into every communication platform they can find and employing social media sites like Facebook and Twitter.

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Tags: Facebook, bankruptcy, creditor harassment, creditors, debt collector

Evidentiary issues plague Georgia credit card debt lawsuits (2)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, August 31, 2012.

Earlier this week, we began a discussion of the growing problem of inaccurate or outright fraudulent credit card debt lawsuits. Thousands of these suits are filed every month in metro Atlanta courts, and advocates say that number will probably continue to rise.

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Tags: Georgia, credit card debt, creditors, debt collector, lawsuit

Evidentiary issues plague Georgia credit card debt lawsuits (1)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, August 29, 2012.

Throughout the economic recession and its aftermath, much attention has been paid to mortgage fraud and the other issues that led to the foreclosure crisis. Lawmakers and advocates continue to work to identify those issues in order to ensure that innocent homeowners can no longer be harmed by fraud and other predatory practices.

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Tags: Georgia, credit card debt, creditors, debt collector, lawsuit

Chapter 13 bankruptcy and co-signing loans

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Wednesday, August 8, 2012.

Although bankruptcy has become significantly more common in recent years due to the economic recession and its aftermath, there are still many misconceptions about the legal process of bankruptcy. For example, many people believe that filing for bankruptcy will result in the loss of any and all assets, including homes, cars and personal belongings.

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Tags: Chapter 13, bankruptcy, credit score, creditors, trustee

Income tax considerations for cancelled credit card debt

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, April 4, 2012.

If your credit card debt has been canceled or forgiven, you likely (and understandably) think that you will no longer have to deal with it. Unfortunately, that may not be the case. Under federal income tax filing guidelines, credit card debt that been eliminated through cancellation or forgiveness is considered taxable income.

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Tags: bankruptcy, credit card debt, creditors, foreclosure, taxes

Donnan facing new bankruptcy claims from SEC

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Saturday, March 31, 2012.

There have been new developments in the bankruptcy case of former University of Georgia football coach Jim Donnan. Court documents filed earlier this month indicate that the Securities and Exchange Commission has asked a bankruptcy judge to reject Donnan's plan to repay some of his creditors and also intends to file a claim against him for as much as $13 million, for alleged violations of federal securities laws involving a Ponzi scheme.

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Tags: Ponzi scheme, assets, bankruptcy, creditors

How Georgians can start 2012 on the right financial foot

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, January 13, 2012.

When you made your new year's resolutions, was "pay off my debt" or "save more money" anywhere on your list? If you're like most Georgia residents, getting a better handle on your finances is on your to-do list for the coming year. Whether you have debt to pay or you are simply looking to save more, here are a few tips for making 2012 your best financial year.

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Tags: 401(k), credit card debt, creditors, debt, retirement

Could you go to prison for unpaid debt?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, December 29, 2011.

Although debtors' prisons have been illegal in the United States for more than 200 years, there has been a recent influx of people sentenced to jail time for unpaid debt according to a recent NPR report. While creditors and collection agencies claim that their practices are legal, many debt relief attorneys and advocates claim that debtors are being treated unfairly.

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Tags: creditors, debt, debt collector

The requirements of a Chapter 13 bankruptcy filing

On behalf of Gingold & Gingold LLC posted in Chapter 13 on Friday, June 3, 2011.

Despite the decrease in negative stigma surrounding bankruptcy, many people still see it as an easy way out, a way to simply erase debt with no consequences. Well, anyone who has considered or filed for bankruptcy knows that to be completely untrue. For most people, the decision to file for bankruptcy comes after a major event, such as the loss of a job, and the resulting inability to make ends meet. In addition, many people seek Chapter 13 bankruptcy in an effort to save their home and avoid foreclosure.

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Tags: Chapter 13, bankruptcy, creditors, debt

Celebrity chef files for Chapter 7 bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Tuesday, May 3, 2011.

Last month, we wrote about the automatic stay, a useful bankruptcy tool that immediately halts all creditor claims, collections and lawsuits at the moment of a bankruptcy filing. Most often, such a stay fulfills a legitimate need of the bankruptcy filer: to suspend creditor claims, giving the debtor the time and freedom to get his finances in order while also avoiding foreclosure and other financial consequences.

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Tags: Chapter 7, automatic stay, bankruptcy, creditors, lawsuit