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Common Financial Strains That Can Lead to Bankruptcy Atlanta, GA

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Common Financial Strains That Can Lead to Bankruptcy

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If you are struggling with debt, it is safe to say that those problems started with one or more financial issues. For most people, ending up in a position where avoiding creditors has become the norm is not a choice.

An unfortunate set of circumstances is all it takes to leave a debtor unable to pay bills. There are several common reasons that these issues may lead to bankruptcy. However, personal debt is often a complex issue, so the list is not exhaustive.

Medical Debts

An accident or the onset of illness can lead to crippling medical debts. There is only so much that insurance will cover, leaving debtors to foot the remaining cost. When there is no money left to cover medical bills, debtors may turn to Chapter 7 bankruptcy for relief.

Credit Card Bills

Credit cards can provide a safety net when individuals or families are hit with unexpected bills or other costs. Using credit cards can become a problem when payments are missed or spending limits are abused. It is very easy to slip into credit card debt from which you have no way to recover in these situations.

Employment Problems

If you are expecting a wage increase that never materializes, it can result in debt. In many cases, individuals will spend money based on expected future income. Another issue that can arise is job loss, which leaves debtors unable to pay monthly bills.

Separation or Divorce

Two people pooling debts is typically more manageable than dealing with the same bills as an individual. If you are obligated to pay alimony or child support after a separation or divorce, the extra costs may become financially burdensome.

For advice on Chapter 7, Chapter 13 or any other topic related to bankruptcy, call the offices of Gingold & Gingold today. We can provide guidance and representation to debtors in Georgia.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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    Gingold & Gingold LLC
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    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    All C.

    Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Sherard W.

    I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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