Atlanta Bankruptcy Law Blog

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.

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Tags: Chapter 7, debt relief, fresh financial start, overwhelming debt, struggling with debt

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

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.

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