Atlanta Bankruptcy Law Blog

With millions in debt, international airline files for bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, January 9, 2014.

It is a proud American tradition to start a business. You start small and hopefully can build your business into a large brand that generates income for you and your employees. You might even have issued stock and have shareholders. Starting a business, however, is no easy feat. It takes a lot of money to get a business going, and not all ventures make it up in the end. At this point, a company might consider filing for Chapter 7 bankruptcy.

Continue reading With millions in debt, international airline files for bankruptcy...

Tags: Chapter 7, Chapter 7 bankruptcy, filing for Chapter 7, overwhelming debt

My kid's in college on a 529 plan, will bankruptcy affect it? II

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Saturday, June 8, 2013.

College education 529 plans and treatment during Chapter 7 bankruptcy were the topic of our recent post. This is the second part of the two-part post. The first discussed why a 529 plan is beneficial and the first "beneficiary" test used to determine if the funds can be excluded from the bankruptcy estate. In this post, we discuss the second major consideration.

Continue reading My kid's in college on a 529 plan, will bankruptcy affect it? II...

Tags: Chapter 7, Chapter 7 bankruptcy, filing for Chapter 7