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The Continued Financial Impact of Coronavirus Atlanta, GA

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The Continued Financial Impact of Coronavirus

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COVID-19 has had an unprecedented impact on the economy, and the effects are being felt by every American. Many businesses have closed, and unemployment has skyrocketed, leaving many states struggling to meet the demands of unemployment claims. The pandemic is still raging, and with it, continued financial struggles for many.

Loss of Income
For those who have been able to maintain employment, many are still struggling with lost wages in the form of reduced hours at work. The service industry has been hit particularly hard with mandates requiring reduced capacity, and with most Americans staying away from restaurants and shopping areas. On top of reduced hours, most Americans live paycheck to paycheck, and do not have savings to carry them through an extended period.

Retirement Problems
For those who have a 401(k) through their employer, many have resorted to taking loans or even withdrawing their retirement funds completely to carry them through the pandemic. While these funds are helpful now, the pain will resurface as retirement approaches.

Playing Catch-Up
Many have taken advantage of the temporary ban on foreclosures and evictions in an effort to stay afloat, but those back payments will resurface to haunt many. Missed car payments, utility bills and other budgetary necessities will also be difficult to bring current as people try to rebuild.

Credit Problems
While people are trying to buy food for their families, a missed payment is the last thing on their minds. This will be an issue when those missed payments start to hit credit reports, making securing loans even more difficult. This could have long-lasting effects on your future spending power.

If any of the above scenarios describe your situation, bankruptcy may be a viable option to help get you back on your feet. If you are struggling due to the lasting financial effects of the coronavirus, Gingold & Gingold can help. Our team can help guide you through your bankruptcy options, and help you see the light at the end of the tunnel.

Call (404) 685-8800 today to request your free appointment or visit us here. We will treat you with the respect and understanding you deserve, and help you feel relief from your financial burdens.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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Our Client Reviews

Gingold & Gingold LLC
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!

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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