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When sources of debt are numerous, consider bankruptcy Atlanta, GA

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When sources of debt are numerous, consider bankruptcy

Judge Gavel, Scales of Justice and legal books on the desk

If you are buried under unmanageable debts, you may undoubtedly be stressed and scared about the future. Looking at the total amount of money you owe can be extraordinarily overwhelming and knowing where you should begin to deal with that debt can seem impossible.

In this situation, it can be crucial to take a step back, try to relax and remember that you can get help dealing with debt. An attorney can help you figure out your options by taking a look at all the different sources of debt and identifying a relief plan that can help you regain control over your financial situation. Recently, for example, former TV actor and musician David Cassidy opted to file for bankruptcy in order to “reorganize” his financial life.

Cassidy is like so many other people who are dealing with debt in that there is not just one source of his financial troubles. He recently divorced and has struggled with legal troubles and addiction over the years. Reports indicate that he also owes more than $331,000 in credit card debt and loans.

Any one of these issues on its own would be financially difficult, but when they stack up like this, the resulting debt can grow very quickly and get out of control.

Citing his desire to “restructure” his finances, Cassidy has decided to file for bankruptcy protection to help him get out from underneath all his debt.

If you are in a similar situation, you can benefit significantly from discussing your options with someone familiar with debt relief options. In some cases, you can work out repayment plans through Chapter 13 bankruptcy or have unsecured debts discharged by filing for Chapter 7 bankruptcy. By dealing with debt through bankruptcy, you can have an easier time paying off remaining debts and protect your most significant assets like your home and vehicle.

There is no doubt that debt can be very upsetting and scary. However, by reaching out for help and taking steps to deal with that debt, you can get back on track and focus on a brighter financial future.

Source: Xfinity, “David Cassidy Files for Bankruptcy Protection,” Rebecca Macatee and Baker Machado, Feb. 13, 2015

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

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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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