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

Partner's shady dealings cause man to file Chapter 7 bankruptcy

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, January 29, 2014.

Starting one’s own business is always a gamble. Sometimes you hit it big and become wildly successful, and other times you end up having to file for Chapter 7 bankruptcy. Even if you’ve done everything right, you could still find yourself in financial trouble. It may not even be your fault.

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

Filing bankruptcy is nothing to be ashamed about

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Wednesday, October 23, 2013.

Bankruptcy rates have surged in recent years, as the recession pushed many Americans into dire financial straits. About 32 percent more Americans filed bankruptcy in 2008 than in 2007, and the number of filings generally continued to climb until this year.

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Tags: debt relief, fresh financial start, struggling with debt

Student loan borrowers in Atlanta have many options for repayment

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, August 9, 2013.

We have discussed the student loan debt crisis previously on this blog, and many Atlanta residents are all too familiar with this issue due to their own personal experiences. Student loan debt in this nation recently hit the $1.2 trillion mark and many Georgia residents are hurting as a result. In fact, the average student loan borrower is now graduating with about $26,000 in debt--and 10% of borrowers are at least $40,000 in the red before they toss their caps.

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Tags: Chapter 7, Chapter 7 bankruptcy, debt relief, struggling with debt

Bennigan's CEO has a post-bankruptcy plan for success

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Friday, July 12, 2013.

When small business owners here in Atlanta begin drowning in debt, a number of them feel like they have no options other than putting up a "Going out of Business" sign and calling it a day. However, in many cases business do have a number of opportunities that can help resolve debt problems and keep doors open. In some cases, bankruptcy allows business owners to do this.

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Tags: Chapter 7, Chapter 7 bankruptcy, debt relief, struggling with debt