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Trustee seeks recovery from casinos in Atlanta bankruptcy case Atlanta, GA

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Trustee seeks recovery from casinos in Atlanta bankruptcy case

Ira and Jamie Gingold Bankruptcy Attorneys in Atlanta GA

The ins and outs of filing for bankruptcy are complicated. There is no form 1040EZ to fill out as there is for taxes. The nuances are many and it can be easy for someone unfamiliar with them to overlook legitimate opportunities that might exist.

Whether a person in Georgia is seeking bankruptcy protection by filing under Chapter 7 or Chapter 13, or a business is filing under the various available chapters of the code, it’s always wise to seek the counsel of an experienced attorney. Not only can it help assure that all options are fully examined and considered, it may also help avoid possible legal difficulties as the process is underway.

This may be something on the mind of a one-time Atlanta real estate developer and investor right now. 

He filed for Chapter 7 bankruptcy in July 2012 in the wake of the collapse of a number of real estate ventures. At that time, court documents listed his debts as amounting to more than $36 million. Assets were tallied at just $153,800.

The case is still working its way through the courts and recently the trustee for the estate filed papers seeking to recover upwards of $650,000 from two Las Vegas casinos. According to the documents, the claim being made is that the filer attempted to hide the money by stashing some at The Venetian and at Bellagio. He allegedly did this before filing for bankruptcy.

At the time this is being written, there’s no word of how the casinos might respond or when a decision might come as to whether they need to relinquish the funds. 

Source: Atlanta Business Chronicle, “Bankrupt real estate investor allegedly stashed $650,000 at Vegas casinos,” David Allison July 3, 2014

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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