Skip to main content
(678) 915-2634 Contact Us
Metro Atlanta small business bankruptcy filings decrease Atlanta, GA

Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Client Reviews

Metro Atlanta small business bankruptcy filings decrease

businessman analyzing data

In the metro Atlanta area, small business bankruptcies decreased during the fourth quarter of 2010. This marked the fewest number of small business bankruptcy filings since the first quarter of 2008, when the economic recession was beginning to take hold in Georgia and throughout the country.

According to a report from Atlanta-based Equifax, there were 231 small business bankruptcy filings in the last quarter of last year. Equifax, an information solutions analytics company, defines a small business as one with less than 100 employees. That number is the lowest since the third quarter of 2007, when there were 163 small business bankruptcies.

Since then, filings have increased in every three-month quarter until the second quarter of 2009, when filings peaked at 425. Bankruptcies then began a gradual decline which has continued to the present day. According to Reza Barazesh, senior vice president of Equifax Commercial Information Services, this is a positive sign for a state that has had few reports of good news related to the recession or the economy. “Bankruptcy trends are easing and creating an environment that is more conducive to cultivating small business growth,” she said. The Equifax report indicates that bankruptcies also declined in 10 important metro areas across the country.

Because such businesses employ many metro Atlanta residents, the drop in their bankruptcies is good news for a job market that continues to struggle. In February, Georgia’s unemployment rate was 10.2 percent, remaining above the national unemployment rate for the 41st consecutive month. Currently, the national rate is 8.9 percent.

Source: Atlanta Journal-Constitution, “Small business bankruptcies down, survey says”, David Markiewicz, 16 March 2011

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


First Free

    DisclaimerPrivacy Policy

    I have read the Disclaimer and Privacy Policy

    Our Client Reviews

    Jamie L. Gingold, PC
    5.0 / 5.0

    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!

    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.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

    Write a review